Americold Realty Trust (NYSE:COLD) Price Target Raised to $15.00

Americold Realty Trust (NYSE:COLD) had its target price raised by Wells Fargo & Company from $14.00 to $15.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price points to a potential downside of 4.10% from the company’s current price.

A number of other equities research analysts have also recently issued reports on COLD. Citigroup raised their target price on Americold Realty Trust from $14.00 to $15.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Evercore set a $17.00 price target on Americold Realty Trust in a research note on Friday, May 8th. Piper Sandler assumed coverage on shares of Americold Realty Trust in a research note on Wednesday, April 1st. They set a “neutral” rating and a $13.00 price objective on the stock. Barclays upped their price objective on shares of Americold Realty Trust from $12.00 to $13.00 and gave the stock an “underweight” rating in a report on Friday, May 15th. Finally, Royal Bank Of Canada boosted their price target on shares of Americold Realty Trust from $14.00 to $16.00 and gave the stock a “sector perform” rating in a research report on Tuesday, May 26th. Three research analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $14.93.

Americold Realty Trust Stock Performance

NYSE COLD traded down $0.05 during trading hours on Monday, reaching $15.64. The company’s stock had a trading volume of 645,883 shares, compared to its average volume of 4,651,065. The stock has a market cap of $4.46 billion, a PE ratio of -39.96 and a beta of 0.97. The business has a 50-day simple moving average of $12.89 and a 200 day simple moving average of $12.50. Americold Realty Trust has a 52 week low of $10.10 and a 52 week high of $18.08. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.27.

Americold Realty Trust (NYSE:COLD) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.33. The business had revenue of $629.87 million for the quarter, compared to analysts’ expectations of $613.77 million. Americold Realty Trust had a negative return on equity of 3.73% and a negative net margin of 4.29%.The business’s quarterly revenue was up .2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.34 EPS. Americold Realty Trust has set its FY 2026 guidance at 1.200-1.300 EPS. Equities research analysts predict that Americold Realty Trust will post 1.18 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Americold Realty Trust

Several hedge funds have recently made changes to their positions in the business. Norges Bank bought a new stake in shares of Americold Realty Trust in the 4th quarter worth approximately $152,684,000. Baupost Group LLC MA acquired a new position in Americold Realty Trust in the third quarter worth approximately $44,064,000. Rush Island Management LP bought a new position in shares of Americold Realty Trust in the fourth quarter valued at $37,663,000. Morgan Stanley increased its holdings in shares of Americold Realty Trust by 114.4% in the fourth quarter. Morgan Stanley now owns 5,330,331 shares of the company’s stock valued at $68,548,000 after buying an additional 2,844,402 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of Americold Realty Trust by 53.4% during the 3rd quarter. American Century Companies Inc. now owns 7,913,079 shares of the company’s stock worth $96,856,000 after acquiring an additional 2,754,751 shares in the last quarter. Institutional investors and hedge funds 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.