Americold Realty Trust (NYSE:COLD) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Americold Realty Trust (NYSE:COLD) had its price target hoisted by equities researchers at Wells Fargo & Company from $11.00 to $14.00 in a report issued on Monday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective suggests a potential upside of 10.32% from the stock’s current price.

A number of other analysts also recently commented on the company. Truist Financial decreased their price target on Americold Realty Trust from $17.00 to $16.00 and set a “buy” rating for the company in a research report on Wednesday, December 24th. Royal Bank Of Canada downgraded Americold Realty Trust from a “moderate buy” rating to a “hold” rating in a research note on Friday, November 7th. Zacks Research raised Americold Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Monday, November 24th. Robert W. Baird reissued a “neutral” rating and issued a $13.00 price target (down from $16.00) on shares of Americold Realty Trust in a report on Thursday, December 18th. Finally, UBS Group increased their price target on shares of Americold Realty Trust from $12.00 to $13.00 and gave the company a “neutral” rating in a research report on Thursday, January 8th. Three equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, Americold Realty Trust has a consensus rating of “Hold” and an average price target of $14.38.

Americold Realty Trust Stock Down 2.8%

COLD opened at $12.69 on Monday. Americold Realty Trust has a fifty-two week low of $10.10 and a fifty-two week high of $23.03. The firm has a market capitalization of $3.62 billion, a P/E ratio of -31.72, a PEG ratio of 4.63 and a beta of 0.89. The company’s 50-day moving average is $12.93 and its 200 day moving average is $12.79. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.11 and a quick ratio of 0.11.

Americold Realty Trust (NYSE:COLD) last issued its quarterly earnings data on Thursday, February 19th. The company reported ($0.31) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.68). Americold Realty Trust had a negative return on equity of 3.64% and a negative net margin of 4.40%.The firm had revenue of $658.45 million during the quarter, compared to the consensus estimate of $654.55 million. During the same period in the previous year, the company posted $0.37 earnings per share. The company’s revenue for the quarter was down 1.2% on a year-over-year basis. Americold Realty Trust has set its FY 2026 guidance at 1.200-1.300 EPS. Research analysts expect that Americold Realty Trust will post 1.47 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Americold Realty Trust

Large investors have recently modified their holdings of the business. LRI Investments LLC lifted its stake in shares of Americold Realty Trust by 90.4% during the 3rd quarter. LRI Investments LLC now owns 2,161 shares of the company’s stock valued at $26,000 after buying an additional 1,026 shares in the last quarter. Ameriflex Group Inc. bought a new stake in Americold Realty Trust during the 4th quarter valued at $26,000. Geneos Wealth Management Inc. raised its holdings in Americold Realty Trust by 100.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,612 shares of the company’s stock valued at $27,000 after acquiring an additional 806 shares during the period. Caitong International Asset Management Co. Ltd lifted its position in shares of Americold Realty Trust by 63.3% during the third quarter. Caitong International Asset Management Co. Ltd now owns 2,446 shares of the company’s stock worth $30,000 after acquiring an additional 948 shares in the last quarter. Finally, Avalon Trust Co bought a new position in shares of Americold Realty Trust in the third quarter worth $32,000. Hedge funds and other institutional investors own 98.14% of the company’s stock.

About Americold Realty Trust

Americold Realty Trust is a real estate investment trust specializing in temperature-controlled warehousing and logistics solutions. The company owns, operates, and develops a global network of cold storage facilities designed to support the storage, handling, and distribution of perishable products. Services include blast freezing, repacking, labeling, cross-docking, and transportation management, all integrated to streamline clients’ cold chain operations and help ensure product quality and safety from origin to point of consumption.

With roots dating back to the early 20th century, Americold has expanded through strategic acquisitions and facility development to become one of the world’s largest publicly traded cold storage providers.