Americold Realty Trust (NYSE:COLD) Upgraded to “Hold” at Scotiabank

Americold Realty Trust (NYSE:COLD) was upgraded by equities researchers at Scotiabank to a “hold” rating in a note issued to investors on Wednesday,Zacks.com reports.

A number of other analysts also recently commented on COLD. Evercore set a $14.00 price target on shares of Americold Realty Trust in a research report on Friday, February 20th. UBS Group increased their price objective on shares of Americold Realty Trust from $12.00 to $13.00 and gave the company a “neutral” rating in a report on Thursday, January 8th. Zacks Research raised Americold Realty Trust from a “strong sell” rating to a “hold” rating in a report on Monday, November 24th. Weiss Ratings restated a “sell (d)” rating on shares of Americold Realty Trust in a research report on Monday, December 29th. Finally, Robert W. Baird restated a “neutral” rating and issued a $13.00 target price (down from $16.00) on shares of Americold Realty Trust in a research report on Thursday, December 18th. Three analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $14.38.

Americold Realty Trust Price Performance

Shares of COLD opened at $11.32 on Wednesday. Americold Realty Trust has a one year low of $10.10 and a one year high of $22.35. The stock’s fifty day moving average is $12.84 and its 200-day moving average is $12.70. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.12 and a current ratio of 0.12. The firm has a market capitalization of $3.22 billion, a price-to-earnings ratio of -28.29, a price-to-earnings-growth ratio of 4.20 and a beta of 0.89.

Americold Realty Trust (NYSE:COLD) last posted its quarterly earnings data on Thursday, February 19th. The company reported ($0.31) earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.68). The company had revenue of $658.45 million during the quarter, compared to analyst estimates of $654.55 million. Americold Realty Trust had a negative return on equity of 3.71% and a negative net margin of 4.40%.The business’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.37 EPS. Americold Realty Trust has set its FY 2026 guidance at 1.200-1.300 EPS. Equities analysts anticipate that Americold Realty Trust will post 1.47 EPS for the current year.

Institutional Trading of Americold Realty Trust

A number of hedge funds have recently bought and sold shares of COLD. Geneos Wealth Management Inc. boosted its holdings in shares of Americold Realty Trust by 100.0% in the second 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 period. Farther Finance Advisors LLC raised its holdings 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 acquiring an additional 942 shares during the period. Caitong International Asset Management Co. Ltd lifted 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 valued at $30,000 after acquiring an additional 948 shares in the last quarter. Norinchukin Bank The lifted its position in shares of Americold Realty Trust by 8.0% in the 3rd quarter. Norinchukin Bank The now owns 13,465 shares of the company’s stock valued at $165,000 after acquiring an additional 1,001 shares in the last quarter. Finally, LRI Investments LLC boosted its stake 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 purchasing an additional 1,026 shares during the period. 98.14% of the stock is owned by hedge funds and other institutional investors.

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.