Americold Realty Trust (NYSE:COLD) Upgraded at Bank of America

Key Points

• Bank of America upgraded Americold Realty Trust from “underperform” to “neutral” and raised its price target from $15 to $16, implying 10.57% potential upside.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average target price of $15.61; recent targets range from $15 to $19.
• Americold reported quarterly earnings of $0.35 per share and revenue of $662.89 million, exceeding analyst revenue estimates, while 98.14% of shares are held by institutional investors.

Americold Realty Trust (NYSE:COLD - Get Free Report) was upgraded by research analysts at Bank of America from an "underperform" rating to a "neutral" rating in a research note issued on Tuesday,Benzinga reports. The brokerage presently has a $16.00 target price on the stock, up from their previous target price of $15.00. Bank of America's target price indicates a potential upside of 10.57% from the company's current price.

COLD has been the topic of several other reports. Scotiabank boosted their target price on Americold Realty Trust from $15.00 to $16.00 and gave the stock a "sector perform" rating in a report on Thursday, August 13th. Evercore reaffirmed an "outperform" rating and issued a $19.00 price target on shares of Americold Realty Trust in a report on Friday, August 7th. Wells Fargo & Company lifted their price objective on Americold Realty Trust from $14.00 to $15.00 and gave the stock an "equal weight" rating in a research report on Monday, June 1st. KeyCorp reissued an "overweight" rating on shares of Americold Realty Trust in a research note on Monday, August 10th. Finally, Robert W. Baird set a $15.00 target price on Americold Realty Trust in a report on Friday, May 8th. Four equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat.com, Americold Realty Trust presently has a consensus rating of "Hold" and a consensus target price of $15.61.

Americold Realty Trust Price Performance

Shares of NYSE COLD opened at $14.47 on Tuesday. The firm has a 50-day simple moving average of $14.97 and a 200-day simple moving average of $13.62. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $4.13 billion, a price-to-earnings ratio of -9.10 and a beta of 0.97. Americold Realty Trust has a 52 week low of $10.10 and a 52 week high of $16.88.

Americold Realty Trust (NYSE:COLD - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.35 earnings per share for the quarter. The firm had revenue of $662.89 million for the quarter, compared to analyst estimates of $613.54 million. Americold Realty Trust had a negative net margin of 17.44% and a negative return on equity of 16.14%. Americold Realty Trust's quarterly revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.36 earnings per share. Americold Realty Trust has set its FY 2026 guidance at 1.200-1.300 EPS. On average, equities analysts predict that Americold Realty Trust will post 1.15 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. raised its position in Americold Realty Trust by 42.5% in the first quarter. Goldman Sachs Group Inc. now owns 2,098,104 shares of the company's stock valued at $45,025,000 after purchasing an additional 626,160 shares during the period. Empowered Funds LLC acquired a new stake in shares of Americold Realty Trust during the 1st quarter worth about $240,000. Jane Street Group LLC increased its position in shares of Americold Realty Trust by 8.7% during the 1st quarter. Jane Street Group LLC now owns 71,335 shares of the company's stock worth $1,531,000 after purchasing an additional 5,693 shares during the last quarter. Quantbot Technologies LP purchased a new stake in Americold Realty Trust in the 2nd quarter valued at about $86,000. Finally, EverSource Wealth Advisors LLC raised its holdings in Americold Realty Trust by 252.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,224 shares of the company's stock valued at $37,000 after buying an additional 1,593 shares during the period. 98.14% of the stock is currently owned by hedge funds and other institutional investors.

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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