Americold Realty Trust (NYSE:COLD) Given New $13.00 Price Target at Evercore ISI

Americold Realty Trust (NYSE:COLD) had its price objective dropped by Evercore ISI from $14.00 to $13.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has an “in-line” rating on the stock. Evercore ISI’s target price would suggest a potential upside of 5.19% from the company’s previous close.

COLD has been the subject of several other research reports. Robert W. Baird reissued a “neutral” rating and issued a $13.00 price objective (down previously from $16.00) on shares of Americold Realty Trust in a research note on Thursday. Royal Bank Of Canada lowered Americold Realty Trust from a “moderate buy” rating to a “hold” rating in a research note on Friday, November 7th. Weiss Ratings reissued a “sell (d)” rating on shares of Americold Realty Trust in a research note on Monday, December 15th. Wells Fargo & Company decreased their price objective on shares of Americold Realty Trust from $15.00 to $11.00 and set an “equal weight” rating for the company in a report on Tuesday, November 25th. Finally, Baird R W lowered shares of Americold Realty Trust from a “strong-buy” rating to a “hold” rating in a research report on Thursday. Three investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Americold Realty Trust has an average rating of “Hold” and an average price target of $13.92.

Americold Realty Trust Price Performance

Shares of COLD stock traded up $0.15 during mid-day trading on Monday, hitting $12.36. The company had a trading volume of 347,663 shares, compared to its average volume of 4,224,628. The company has a market capitalization of $3.52 billion, a P/E ratio of -56.06, a P/E/G ratio of 3.84 and a beta of 0.96. The stock’s 50 day moving average price is $12.03 and its 200-day moving average price is $14.07. Americold Realty Trust has a 52-week low of $10.10 and a 52-week high of $23.52. 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 posted its quarterly earnings data on Thursday, November 6th. The company reported $0.35 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.35. Americold Realty Trust had a negative return on equity of 1.96% and a negative net margin of 2.39%.The business had revenue of $663.67 million during the quarter, compared to analyst estimates of $659.51 million. During the same period last year, the company earned $0.35 EPS. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. Americold Realty Trust has set its FY 2025 guidance at 1.390-1.450 EPS. Equities research analysts forecast that Americold Realty Trust will post 1.47 earnings per share for the current year.

Institutional Trading of Americold Realty Trust

Institutional investors have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd lifted its position in shares of Americold Realty Trust by 49,833.3% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 1,498 shares of the company’s stock valued at $25,000 after buying an additional 1,495 shares in the last quarter. LRI Investments LLC boosted its holdings in Americold Realty Trust by 90.4% in the 3rd quarter. LRI Investments LLC now owns 2,161 shares of the company’s stock worth $26,000 after buying an additional 1,026 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of Americold Realty Trust by 100.0% during the second 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 last quarter. Avalon Trust Co purchased a new position in shares of Americold Realty Trust in the third quarter valued at approximately $32,000. Finally, GKV Capital Management Co. Inc. acquired a new stake in shares of Americold Realty Trust in the first quarter worth approximately $36,000. 98.14% of the stock is currently owned by institutional investors and hedge funds.

Americold Realty Trust Company Profile

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.