Americold Realty Trust (NYSE:COLD) Given New $17.00 Price Target at Barclays

Key Points

• Americold Realty Trust saw its price target cut by Barclays from $20.00 to $17.00, reflecting a potential upside of 25.14% from the current price.
• Other analysts have also lowered their price targets, with the average target now at $18.08 and the stock currently rated as a "Hold."
• Shares of Americold opened at $13.59 and have a 52-week trading range of $11.90 to $26.66, highlighting significant volatility in the stock's performance.

Americold Realty Trust (NYSE:COLD - Get Free Report) had its price objective dropped by Barclays from $20.00 to $17.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has an "overweight" rating on the stock. Barclays's target price indicates a potential upside of 25.14% from the stock's current price.

Several other research analysts have also commented on COLD. Royal Bank Of Canada decreased their price objective on shares of Americold Realty Trust from $19.00 to $17.00 and set an "outperform" rating for the company in a report on Tuesday, September 30th. Wall Street Zen lowered shares of Americold Realty Trust from a "hold" rating to a "sell" rating in a report on Saturday, October 4th. KeyCorp decreased their price objective on shares of Americold Realty Trust from $23.00 to $18.00 and set an "overweight" rating for the company in a report on Friday, October 3rd. Weiss Ratings restated a "sell (d+)" rating on shares of Americold Realty Trust in a report on Wednesday, October 8th. Finally, Evercore ISI reduced their target price on shares of Americold Realty Trust from $22.00 to $19.00 and set an "outperform" rating on the stock in a research report on Monday, September 8th. Seven investment analysts have rated the stock with a Buy rating, five have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, Americold Realty Trust currently has a consensus rating of "Hold" and an average target price of $18.08.

Americold Realty Trust Price Performance

Shares of Americold Realty Trust stock opened at $13.59 on Wednesday. Americold Realty Trust has a 52-week low of $11.90 and a 52-week high of $26.66. The stock has a market capitalization of $3.87 billion, a price-to-earnings ratio of -71.50, a price-to-earnings-growth ratio of 4.35 and a beta of 0.81. The company has a fifty day moving average of $13.65 and a 200-day moving average of $16.09. 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 announced its quarterly earnings data on Thursday, August 7th. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.34 by $0.02. Americold Realty Trust had a negative net margin of 2.09% and a negative return on equity of 1.68%. The company had revenue of $650.75 million during the quarter, compared to analysts' expectations of $644.95 million. During the same quarter in the prior year, the company earned $0.38 EPS. The firm's revenue was down 1.5% on a year-over-year basis. Equities research analysts expect 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 made changes to their positions in COLD. GAMMA Investing LLC boosted its holdings in shares of Americold Realty Trust by 443.4% during the 1st quarter. GAMMA Investing LLC now owns 6,439 shares of the company's stock valued at $138,000 after acquiring an additional 5,254 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Americold Realty Trust by 3,390.0% in the first quarter. Blue Trust Inc. now owns 2,792 shares of the company's stock worth $60,000 after buying an additional 2,712 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in shares of Americold Realty Trust by 39.7% in the first quarter. Oppenheimer Asset Management Inc. now owns 87,706 shares of the company's stock worth $1,882,000 after buying an additional 24,946 shares during the last quarter. Spire Wealth Management purchased a new position in shares of Americold Realty Trust in the first quarter worth approximately $52,000. Finally, Illinois Municipal Retirement Fund boosted its holdings in shares of Americold Realty Trust by 22.2% in the first quarter. Illinois Municipal Retirement Fund now owns 126,667 shares of the company's stock worth $2,718,000 after buying an additional 23,039 shares during the last quarter. 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.

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