Americold Realty Trust (NYSE:COLD) Earns "Sell (D+)" Rating from Weiss Ratings

Key Points

• Americold Realty Trust's stock has received a "Sell (D+)" rating from Weiss Ratings, indicating poor prospects according to analysts.
• Various analysts have downgraded the stock, with target prices decreasing significantly, such as Robert W. Baird reducing theirs from $23.00 to $19.00.
• In its latest earnings report, Americold Realty Trust topped earnings estimates with $0.36 per share, but showed a year-over-year revenue decline of 1.5%.

Americold Realty Trust (NYSE:COLD - Get Free Report)'s stock had its "sell (d+)" rating reiterated by stock analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Several other equities analysts have also weighed in on the stock. Robert W. Baird decreased their target price on shares of Americold Realty Trust from $23.00 to $19.00 and set an "outperform" rating on the stock in a report on Wednesday, August 13th. Wall Street Zen lowered shares of Americold Realty Trust from a "hold" rating to a "sell" rating in a report on Saturday. Zacks Research lowered shares of Americold Realty Trust from a "hold" rating to a "strong sell" rating in a report on Tuesday, September 9th. Scotiabank decreased their target price on shares of Americold Realty Trust from $20.00 to $16.00 and set a "sector perform" rating on the stock in a report on Friday, September 5th. Finally, Evercore ISI decreased their price objective on shares of Americold Realty Trust from $22.00 to $19.00 and set an "outperform" rating on the stock in a report on Monday, September 8th. Seven research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $18.67.

Americold Realty Trust Price Performance

COLD traded up $0.19 on Wednesday, reaching $13.53. 5,619,549 shares of the company's stock were exchanged, compared to its average volume of 3,565,277. The stock has a market cap of $3.85 billion, a PE ratio of -71.21, a P/E/G ratio of 4.29 and a beta of 0.81. Americold Realty Trust has a twelve month low of $11.90 and a twelve month high of $27.22. The stock's fifty day moving average price is $14.04 and its 200-day moving average price is $16.63. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.12 and a quick ratio of 0.12.

Americold Realty Trust (NYSE:COLD - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.36 earnings per share for the quarter, topping analysts' consensus estimates of $0.34 by $0.02. The firm had revenue of $650.75 million for the quarter, compared to analyst estimates of $644.95 million. Americold Realty Trust had a negative net margin of 2.09% and a negative return on equity of 1.68%. Americold Realty Trust's quarterly revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.38 earnings per share. Sell-side analysts expect that Americold Realty Trust will post 1.47 EPS for the current year.

Institutional Investors Weigh In On Americold Realty Trust

A number of large investors have recently modified their holdings of COLD. GAMMA Investing LLC increased its position in shares of Americold Realty Trust by 11,560.8% in the 1st quarter. GAMMA Investing LLC now owns 138,181 shares of the company's stock valued at $2,965,000 after purchasing an additional 136,996 shares during the last quarter. Merit Financial Group LLC acquired a new stake in shares of Americold Realty Trust in the 1st quarter worth $229,000. SG Americas Securities LLC lifted its stake in shares of Americold Realty Trust by 22.7% in the 1st quarter. SG Americas Securities LLC now owns 65,323 shares of the company's stock worth $1,402,000 after acquiring an additional 12,087 shares during the period. Bfsg LLC acquired a new stake in shares of Americold Realty Trust in the 1st quarter worth $153,000. Finally, State of Alaska Department of Revenue lifted its stake in shares of Americold Realty Trust by 1.3% in the 1st quarter. State of Alaska Department of Revenue now owns 138,828 shares of the company's stock worth $2,978,000 after acquiring an additional 1,756 shares during the period. 98.14% of the stock is owned by hedge funds and other 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.

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