Americold Realty Trust (NYSE:COLD) Given "Underweight" Rating at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. has reiterated an "underweight" rating for Americold Realty Trust (COLD) and lowered its price target from $17.00 to $15.00.
• A number of analysts have adjusted their ratings on the stock recently, with Barclays setting a new price target of $20.00 while Zacks downgraded it to a "strong sell".
• Americold Realty Trust reported earnings of $0.36 per share, exceeding estimates, but its revenue decreased 1.5% compared to the previous year, totaling $650.75 million.

Americold Realty Trust (NYSE:COLD - Get Free Report)'s stock had its "underweight" rating reiterated by equities researchers at JPMorgan Chase & Co. in a report issued on Tuesday,Benzinga reports. They currently have a $15.00 price objective on the stock, down from their prior price objective of $17.00. JPMorgan Chase & Co.'s target price points to a potential upside of 16.91% from the company's previous close.

Several other equities research analysts have also recently weighed in on COLD. Barclays reduced their price objective on Americold Realty Trust from $21.00 to $20.00 and set an "overweight" rating on the stock in a research note on Monday, July 21st. BNP Paribas Exane cut Americold Realty Trust from an "outperform" rating to a "neutral" rating and set a $18.00 price objective on the stock. in a research note on Thursday, June 12th. Evercore ISI cut their target price on Americold Realty Trust from $22.00 to $19.00 and set an "outperform" rating on the stock in a research note on Monday, September 8th. Zacks Research cut Americold Realty Trust from a "hold" rating to a "strong sell" rating in a research note on Tuesday, September 9th. Finally, Scotiabank dropped their price objective on Americold Realty Trust from $20.00 to $16.00 and set a "sector perform" rating on the stock in a research note on Friday, September 5th. Seven equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Americold Realty Trust presently has an average rating of "Hold" and a consensus price target of $19.50.

Americold Realty Trust Stock Performance

Shares of COLD stock opened at $12.83 on Tuesday. Americold Realty Trust has a 12-month low of $12.56 and a 12-month high of $29.50. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.13. The stock's 50-day moving average price is $14.89 and its 200-day moving average price is $17.28. The stock has a market capitalization of $3.65 billion, a price-to-earnings ratio of -67.53, a price-to-earnings-growth ratio of 4.02 and a beta of 0.85.

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

Hedge Funds Weigh In On Americold Realty Trust

Several institutional investors have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd grew its stake 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 worth $25,000 after purchasing an additional 1,495 shares in the last quarter. Geneos Wealth Management Inc. grew its stake 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 worth $27,000 after purchasing an additional 806 shares in the last quarter. GKV Capital Management Co. Inc. acquired a new position in shares of Americold Realty Trust during the first quarter worth $36,000. EverSource Wealth Advisors LLC grew its stake in shares of Americold Realty Trust by 252.5% during the second quarter. EverSource Wealth Advisors LLC now owns 2,224 shares of the company's stock worth $37,000 after purchasing an additional 1,593 shares in the last quarter. Finally, Whipplewood Advisors LLC grew its stake in shares of Americold Realty Trust by 10,869.6% during the second quarter. Whipplewood Advisors LLC now owns 2,523 shares of the company's stock worth $42,000 after purchasing an additional 2,500 shares in the last quarter. Institutional investors and hedge funds own 98.14% of the company's stock.

About Americold Realty Trust

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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