Scotiabank Increases Americold Realty Trust (NYSE:COLD) Price Target to $15.50

Americold Realty Trust (NYSE:COLD) had its price objective increased by equities research analysts at Scotiabank from $14.00 to $15.50 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a “sector perform” rating on the stock. Scotiabank’s price target would indicate a potential upside of 3.92% from the stock’s current price.

A number of other research firms also recently weighed in on COLD. Piper Sandler assumed coverage on shares of Americold Realty Trust in a research report on Wednesday, April 1st. They issued a “neutral” rating and a $13.00 target price for the company. Robert W. Baird set a $15.00 target price on shares of Americold Realty Trust in a research report on Friday, May 8th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Americold Realty Trust in a research report on Friday, March 27th. Compass Point initiated coverage on shares of Americold Realty Trust in a research report on Wednesday, March 18th. They issued a “buy” rating and a $14.50 target price for the company. Finally, Citigroup reissued a “neutral” rating on shares of Americold Realty Trust in a research report on Thursday. Three 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. According to MarketBeat.com, Americold Realty Trust has a consensus rating of “Reduce” and a consensus price target of $14.53.

Americold Realty Trust Stock Up 0.0%

Americold Realty Trust stock traded up $0.01 during mid-day trading on Thursday, reaching $14.92. The company’s stock had a trading volume of 374,813 shares, compared to its average volume of 4,700,391. The company has a market capitalization of $4.26 billion, a price-to-earnings ratio of -38.32 and a beta of 0.89. Americold Realty Trust has a 12 month low of $10.10 and a 12 month high of $18.25. The business’s 50 day simple moving average is $12.23 and its 200 day simple moving average is $12.32. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.11 and a current ratio of 0.11.

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

Institutional Trading of Americold Realty Trust

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Geneos Wealth Management Inc. boosted its holdings in shares of Americold Realty Trust by 100.0% during 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 period. Farther Finance Advisors LLC boosted its holdings in shares of Americold Realty Trust by 51.1% during the 4th quarter. Farther Finance Advisors LLC now owns 2,786 shares of the company’s stock worth $36,000 after buying an additional 942 shares during the period. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Americold Realty Trust by 63.3% during 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 period. Norinchukin Bank The boosted its holdings in shares of Americold Realty Trust by 8.0% during the 3rd quarter. Norinchukin Bank The now owns 13,465 shares of the company’s stock worth $165,000 after buying an additional 1,001 shares during the period. Finally, LRI Investments LLC boosted its holdings in shares of Americold Realty Trust by 90.4% during 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 period. Institutional investors 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.