Americold Realty Trust (NYSE:COLD) Downgraded to Strong Sell Rating by Zacks Research

Key Points

• Americold Realty Trust has been downgraded by Zacks Research from a "hold" rating to a "strong sell" rating, signaling potential concerns for investors.
• Multiple research firms have revised their price targets downward, with Scotiabank lowering the target from $20.00 to $16.00, indicating a cautious outlook on the stock.
• The company's stock is currently trading at $13.19, reflecting a 2.1% decline on the day amidst these downgrades and mixed analyst opinions.

Americold Realty Trust (NYSE:COLD - Get Free Report) was downgraded by investment analysts at Zacks Research from a "hold" rating to a "strong sell" rating in a report issued on Tuesday,Zacks.com reports.

Other equities research analysts have also recently issued reports about the company. Scotiabank decreased their price objective on Americold Realty Trust from $20.00 to $16.00 and set a "sector perform" rating for the company in a research note on Friday, September 5th. BNP Paribas Exane cut Americold Realty Trust from an "outperform" rating to a "neutral" rating and set a $18.00 price objective for the company. in a research note on Thursday, June 12th. KeyCorp decreased their price objective on Americold Realty Trust from $30.00 to $23.00 and set an "overweight" rating for the company in a research note on Tuesday, July 1st. Royal Bank Of Canada decreased their price objective on Americold Realty Trust from $25.00 to $19.00 and set an "outperform" rating for the company in a research note on Monday, August 18th. Finally, Evercore ISI decreased their price objective on Americold Realty Trust from $22.00 to $19.00 and set an "outperform" rating for the company in a research note on Monday. Seven analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $20.00.

Americold Realty Trust Stock Down 2.1%

NYSE COLD opened at $13.19 on Tuesday. The stock has a fifty day moving average of $15.41 and a 200-day moving average of $17.86. The stock has a market capitalization of $3.76 billion, a P/E ratio of -69.44, a price-to-earnings-growth ratio of 4.20 and a beta of 0.84. Americold Realty Trust has a 52 week low of $13.10 and a 52 week high of $29.50. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.12 and a current ratio of 0.12.

Americold Realty Trust (NYSE:COLD - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.34 by $0.02. The company had revenue of $650.75 million during the quarter, compared to analysts' expectations of $644.95 million. Americold Realty Trust had a negative return on equity of 1.68% and a negative net margin of 2.09%.The business's revenue for the quarter was down 1.5% on a year-over-year basis. During the same period last year, the firm earned $0.38 EPS. On average, equities research analysts forecast that Americold Realty Trust will post 1.47 EPS for the current year.

Institutional Trading of Americold Realty Trust

A number of institutional investors have recently modified their holdings of COLD. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Americold Realty Trust by 49,833.3% in the second quarter. Caitong International Asset Management Co. Ltd now owns 1,498 shares of the company's stock valued at $25,000 after purchasing an additional 1,495 shares in the last quarter. Geneos Wealth Management Inc. lifted 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 valued at $27,000 after purchasing an additional 806 shares in the last quarter. GKV Capital Management Co. Inc. bought a new stake in shares of Americold Realty Trust in the first quarter valued at about $36,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Americold Realty Trust by 252.5% in the second quarter. EverSource Wealth Advisors LLC now owns 2,224 shares of the company's stock valued at $37,000 after purchasing an additional 1,593 shares in the last quarter. Finally, Whipplewood Advisors LLC lifted its holdings in shares of Americold Realty Trust by 10,869.6% in the second quarter. Whipplewood Advisors LLC now owns 2,523 shares of the company's stock valued at $42,000 after purchasing an additional 2,500 shares in the last quarter. 98.14% of the stock is currently owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.