Americold Realty Trust (NYSE:COLD) Coverage Initiated by Analysts at UBS Group

Key Points

• UBS Group has initiated coverage of Americold Realty Trust (NYSE:COLD) with a neutral rating and a price target of $14.00, implying a potential upside of 4.36% from its previous close.
• Other analysts have decreased their price targets on Americold Realty Trust, with the average target now at $18.31 and a consensus rating of "Hold".
• Americold reported $0.36 EPS for the last quarter, exceeding expectations but showing a revenue decline of 1.5% compared to the previous year.

Research analysts at UBS Group assumed coverage on shares of Americold Realty Trust (NYSE:COLD - Get Free Report) in a note issued to investors on Tuesday, Marketbeat.com reports. The firm set a "neutral" rating and a $14.00 price target on the stock. UBS Group's price target would indicate a potential upside of 4.36% from the stock's previous close.

A number of other research analysts also recently commented on the stock. Truist Financial dropped their target price on shares of Americold Realty Trust from $20.00 to $17.00 and set a "buy" rating on the stock in a research report on Thursday, September 25th. Royal Bank Of Canada dropped their price objective on Americold Realty Trust from $19.00 to $17.00 and set an "outperform" rating on the stock in a report on Tuesday, September 30th. KeyCorp dropped their price target on Americold Realty Trust from $23.00 to $18.00 and set an "overweight" rating on the stock in a research note on Friday, October 3rd. Wells Fargo & Company dropped their price target on Americold Realty Trust from $18.00 to $15.00 and set an "equal weight" rating on the stock in a research note on Wednesday, August 27th. Finally, Scotiabank lowered 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 research report on Friday, September 5th. Seven analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $18.31.

Americold Realty Trust Stock Up 0.8%

COLD stock opened at $13.42 on Tuesday. The company's 50 day moving average price is $13.78 and its 200 day moving average price is $16.34. 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 has a fifty-two week low of $11.90 and a fifty-two week high of $27.22. The firm has a market capitalization of $3.82 billion, a price-to-earnings ratio of -70.61, a PEG ratio of 4.23 and a beta of 0.81.

Americold Realty Trust (NYSE:COLD - Get Free Report) last posted 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 firm had revenue of $650.75 million for the quarter, compared to analyst estimates of $644.95 million. Americold Realty Trust had a negative return on equity of 1.68% and a negative net margin of 2.09%.Americold Realty Trust's revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.38 earnings per share. On average, equities research analysts anticipate that Americold Realty Trust will post 1.47 EPS for the current fiscal year.

Institutional Trading of Americold Realty Trust

Institutional investors have recently modified their holdings of the business. GAMMA Investing LLC boosted its position 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 worth $138,000 after purchasing an additional 5,254 shares in the last quarter. Bfsg LLC purchased a new stake in Americold Realty Trust during the first quarter worth about $153,000. State of Alaska Department of Revenue boosted its stake in shares of Americold Realty Trust by 1.3% during 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 in the last quarter. Johnson Investment Counsel Inc. boosted its stake in shares of Americold Realty Trust by 4.1% during the 1st quarter. Johnson Investment Counsel Inc. now owns 97,843 shares of the company's stock worth $2,100,000 after acquiring an additional 3,882 shares in the last quarter. Finally, Janney Capital Management LLC boosted its position in Americold Realty Trust by 5.5% during the first quarter. Janney Capital Management LLC now owns 11,913 shares of the company's stock worth $256,000 after purchasing an additional 618 shares in the last quarter. 98.14% of the stock is currently owned by hedge funds and other institutional investors.

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.