Americold Realty Trust (NYSE:COLD) Stock Price Expected to Rise, Scotiabank Analyst Says

Key Points

• Scotiabank raised Americold Realty Trust’s price target from $15 to $16 while maintaining a “sector perform” rating, implying approximately 5.43% upside.
• Analyst sentiment remains mixed: the stock has an average “Hold” rating and a consensus price target of $15.54, based on four Buy, eight Hold, and four Sell ratings.
• COLD shares traded at $15.18, near their 12-month high of $16.88, while institutional investors own a substantial 98.14% of the company’s stock.

Americold Realty Trust (NYSE:COLD - Get Free Report) had its price objective lifted by equities researchers at Scotiabank from $15.00 to $16.00 in a report released on Thursday,Benzinga reports. The firm currently has a "sector perform" rating on the stock. Scotiabank's target price points to a potential upside of 5.43% from the stock's current price.

A number of other equities analysts have also weighed in on COLD. Royal Bank Of Canada set a $18.00 target price on shares of Americold Realty Trust in a research report on Monday. UBS Group upped their price target on shares of Americold Realty Trust from $13.00 to $16.00 and gave the company a "neutral" rating in a research note on Friday, July 17th. Evercore reaffirmed an "outperform" rating and issued a $19.00 price objective on shares of Americold Realty Trust in a report on Friday, August 7th. Wall Street Zen upgraded shares of Americold Realty Trust from a "sell" rating to a "hold" rating in a research note on Saturday, June 20th. Finally, Robert W. Baird set a $15.00 target price on shares of Americold Realty Trust in a report on Friday, May 8th. Four research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, Americold Realty Trust currently has an average rating of "Hold" and an average price target of $15.54.

Americold Realty Trust Stock Performance

COLD stock traded up $0.58 during mid-day trading on Thursday, hitting $15.18. The company had a trading volume of 598,868 shares, compared to its average volume of 4,558,892. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.10 and a current ratio of 0.10. The firm has a market cap of $4.33 billion, a PE ratio of -9.56 and a beta of 0.97. Americold Realty Trust has a 12 month low of $10.10 and a 12 month high of $16.88. The stock's fifty day moving average price is $14.97 and its two-hundred day moving average price is $13.58.

Hedge Funds Weigh In On Americold Realty Trust

Institutional investors have recently made changes to their positions in the stock. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Americold Realty Trust during the 2nd quarter valued at $3,784,000. Capital Square LLC purchased a new position in Americold Realty Trust in the second quarter worth $461,000. Pinnacle Holdings LLC purchased a new position in Americold Realty Trust in the second quarter worth $2,057,000. Clear Harbor Asset Management LLC bought a new position in Americold Realty Trust in the second quarter valued at $1,230,000. Finally, Elevation Point Wealth Partners LLC bought a new position in Americold Realty Trust in the second quarter valued at $1,241,000. Institutional investors own 98.14% of the company's stock.

Americold Realty Trust Company Profile

Americold Realty Trust is a real estate investment trust specializing in temperature-controlled warehousing and logistics solutions. The company owns, operates, and develops a global network of cold storage facilities designed to support the storage, handling, and distribution of perishable products. Services include blast freezing, repacking, labeling, cross-docking, and transportation management, all integrated to streamline clients' cold chain operations and help ensure product quality and safety from origin to point of consumption.

With roots dating back to the early 20th century, Americold has expanded through strategic acquisitions and facility development to become one of the world's largest publicly traded cold storage providers.

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