Scotiabank Issues Positive Forecast for Americold Realty Trust (NYSE:COLD) Stock Price

Americold Realty Trust (NYSE:COLD) had its target price upped by equities research analysts at Scotiabank from $15.00 to $16.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “sector perform” rating on the stock. Scotiabank’s target price would suggest a potential upside of 5.43% from the stock’s current price.

A number of other research analysts have also recently commented on the stock. Weiss Ratings cut shares of Americold Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday. Citigroup boosted their price objective on shares of Americold Realty Trust from $14.00 to $15.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Wall Street Zen raised shares of Americold Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, June 20th. Barclays increased their target price on shares of Americold Realty Trust from $12.00 to $13.00 and gave the company an “underweight” rating in a report on Friday, May 15th. Finally, Piper Sandler lifted their target price on shares of Americold Realty Trust from $13.00 to $17.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 21st. Four investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $15.54.

Americold Realty Trust Price Performance

NYSE:COLD traded up $0.58 during mid-day trading on Thursday, reaching $15.18. The stock had a trading volume of 598,868 shares, compared to its average volume of 4,558,892. The firm has a 50 day moving average price of $14.97 and a two-hundred day moving average price of $13.58. The stock has a market capitalization of $4.33 billion, a P/E ratio of -9.56 and a beta of 0.97. Americold Realty Trust has a one year low of $10.10 and a one year high of $16.88. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.10 and a current ratio of 0.10.

Institutional Trading of Americold Realty Trust

Large investors have recently modified their holdings of the business. Ameriflex Group Inc. bought a new position in Americold Realty Trust during the 4th quarter valued at approximately $26,000. Geneos Wealth Management Inc. grew its position in shares of Americold Realty Trust by 100.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,612 shares of the company’s stock worth $27,000 after buying an additional 806 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its position in shares of Americold Realty Trust by 63.3% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 2,446 shares of the company’s stock worth $30,000 after buying an additional 948 shares during the last quarter. Farther Finance Advisors LLC increased its stake in shares of Americold Realty Trust by 51.1% during the fourth quarter. Farther Finance Advisors LLC now owns 2,786 shares of the company’s stock valued at $36,000 after buying an additional 942 shares during the period. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Americold Realty Trust by 106.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,781 shares of the company’s stock valued at $36,000 after buying an additional 1,432 shares during the period. 98.14% of the stock is owned by institutional investors.

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.