Americold Realty Trust (NYSE:COLD) Given New $19.00 Price Target at Evercore ISI

Key Points

• Evercore ISI has lowered the price target for Americold Realty Trust (NYSE:COLD) from $22.00 to $19.00, while maintaining an "outperform" rating, indicating a potential upside of 36.16% from the current price.
• Multiple analysts have revised their price targets for Americold, with Scotiabank lowering theirs to $16.00 and JPMorgan downgrading their rating to "neutral" with a target of $21.00.
• The company reported an earnings per share (EPS) of $0.36 for the last quarter, surpassing estimates, but its revenue decreased by 1.5% compared to the same quarter last year.

Americold Realty Trust (NYSE:COLD - Get Free Report) had its price objective decreased by investment analysts at Evercore ISI from $22.00 to $19.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has an "outperform" rating on the stock. Evercore ISI's price target would suggest a potential upside of 36.16% from the company's current price.

COLD has been the topic of a number of other reports. Scotiabank cut their price target 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. JPMorgan Chase & Co. downgraded shares of Americold Realty Trust from an "overweight" rating to a "neutral" rating and cut their price target for the stock from $24.00 to $21.00 in a report on Monday, June 23rd. Barclays cut their price target on shares of Americold Realty Trust from $21.00 to $20.00 and set an "overweight" rating on the stock in a report on Monday, July 21st. Wells Fargo & Company cut their price target on shares of Americold Realty Trust from $18.00 to $15.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 27th. Finally, Wall Street Zen raised shares of Americold Realty Trust from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Seven analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $20.00.

Americold Realty Trust Price Performance

COLD opened at $13.95 on Monday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.12 and a quick ratio of 0.12. The company has a market capitalization of $3.97 billion, a price-to-earnings ratio of -73.44, a P/E/G ratio of 4.32 and a beta of 0.85. The firm's fifty day moving average price is $15.61 and its two-hundred day moving average price is $17.98. Americold Realty Trust has a 1 year low of $13.73 and a 1 year high of $29.58.

Americold Realty Trust (NYSE:COLD - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.36 earnings per share (EPS) 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 the consensus estimate of $644.95 million. Americold Realty Trust had a negative net margin of 2.09% and a negative return on equity of 1.68%. The business's revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.38 EPS. As a group, analysts anticipate that Americold Realty Trust will post 1.47 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Americold Realty Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd increased its position in shares of Americold Realty Trust by 49,833.3% during the second quarter. Caitong International Asset Management Co. Ltd now owns 1,498 shares of the company's stock valued at $25,000 after buying an additional 1,495 shares during the period. Geneos Wealth Management Inc. increased its position in shares of Americold Realty Trust by 100.0% during the second quarter. Geneos Wealth Management Inc. now owns 1,612 shares of the company's stock valued at $27,000 after buying an additional 806 shares during the period. GKV Capital Management Co. Inc. bought a new stake in shares of Americold Realty Trust during the first quarter valued at about $36,000. Parallel Advisors LLC increased its position in shares of Americold Realty Trust by 68.1% during the first 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. Finally, Assetmark Inc. increased its position in shares of Americold Realty Trust by 64.2% during the first quarter. Assetmark Inc. now owns 2,113 shares of the company's stock valued at $45,000 after buying an additional 826 shares during the period. 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.

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