Scotiabank Has Lowered Expectations for Americold Realty Trust (NYSE:COLD) Stock Price

Americold Realty Trust (NYSE:COLD) had its target price lowered by Scotiabank from $28.00 to $24.00 in a report issued on Thursday,Benzinga reports. The firm currently has a “sector outperform” rating on the stock. Scotiabank’s price target points to a potential upside of 24.59% from the stock’s previous close.

Several other research firms have also recently weighed in on COLD. Citigroup decreased their price target on shares of Americold Realty Trust from $25.00 to $23.00 and set a “neutral” rating on the stock in a report on Friday, March 21st. Raymond James lowered their price target on Americold Realty Trust from $31.00 to $27.00 and set an “outperform” rating on the stock in a report on Wednesday, December 11th. Finally, Barclays upgraded Americold Realty Trust from an “equal weight” rating to an “overweight” rating and dropped their price target for the company from $26.00 to $21.00 in a research report on Wednesday. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $28.00.

Americold Realty Trust Price Performance

Shares of NYSE COLD opened at $19.26 on Thursday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.15 and a current ratio of 0.15. Americold Realty Trust has a fifty-two week low of $16.67 and a fifty-two week high of $30.45. The stock has a market cap of $5.48 billion, a PE ratio of -56.65, a price-to-earnings-growth ratio of 1.66 and a beta of 0.77. The stock has a fifty day moving average of $21.34 and a 200-day moving average of $22.86.

Americold Realty Trust (NYSE:COLD) last posted its earnings results on Thursday, February 20th. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.27. Americold Realty Trust had a negative return on equity of 2.70% and a negative net margin of 3.54%. The business had revenue of $666.44 million during the quarter, compared to analyst estimates of $684.03 million. Equities research analysts anticipate that Americold Realty Trust will post 1.47 earnings per share for the current year.

Hedge Funds Weigh In On Americold Realty Trust

A number of large investors have recently added to or reduced their stakes in the business. Arizona State Retirement System boosted its stake in shares of Americold Realty Trust by 0.8% during the fourth quarter. Arizona State Retirement System now owns 78,343 shares of the company’s stock valued at $1,677,000 after purchasing an additional 644 shares during the period. Treasurer of the State of North Carolina raised its holdings in Americold Realty Trust by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 124,940 shares of the company’s stock valued at $2,674,000 after buying an additional 780 shares during the last quarter. Parallel Advisors LLC boosted its position in Americold Realty Trust by 68.1% during the 1st quarter. Parallel Advisors LLC now owns 2,091 shares of the company’s stock valued at $45,000 after buying an additional 847 shares during the period. MML Investors Services LLC grew its holdings in Americold Realty Trust by 1.8% in the 3rd quarter. MML Investors Services LLC now owns 48,558 shares of the company’s stock worth $1,373,000 after acquiring an additional 882 shares during the last quarter. Finally, Pinebridge Investments L.P. increased its position in shares of Americold Realty Trust by 4.3% in the fourth quarter. Pinebridge Investments L.P. now owns 25,257 shares of the company’s stock valued at $540,000 after acquiring an additional 1,045 shares during the period. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Americold Realty Trust Company Profile

Americold Realty Trust, Inc is a real estate investment trust, which focuses on the ownership, operation, development, and acquisition of temperature-controlled warehouses. It operates through the following segments: Warehouse, Third-Party Managed, Transportation, and Other. The Warehouse segment collects rent and storage fees from customers to store frozen and perishable food and other products within the firm’s real estate portfolio.