Americold Realty Trust (NYSE:COLD) Stock Rating Upgraded by Wall Street Zen

Key Points

• Americold Realty Trust has been upgraded from a "sell" to a "hold" rating by Wall Street Zen, reflecting a shift in analyst sentiment towards the stock.
• Several other analysts have reduced their target prices for Americold Realty Trust, with KeyCorp and Robert W. Baird both setting a new target price of $23.00.
• The company reported an earnings per share (EPS) of $0.36 for the last quarter, surpassing analyst expectations and achieving a revenue of $650.75 million.

Americold Realty Trust (NYSE:COLD - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Saturday.

COLD has been the topic of a number of other reports. JPMorgan Chase & Co. lowered Americold Realty Trust from an "overweight" rating to a "neutral" rating and cut their price objective for the stock from $24.00 to $21.00 in a research note on Monday, June 23rd. Scotiabank reiterated a "sector perform" rating and issued a $20.00 target price on shares of Americold Realty Trust in a report on Thursday, May 15th. Robert W. Baird lowered their target price on Americold Realty Trust from $27.00 to $23.00 and set an "outperform" rating for the company in a report on Friday, May 16th. KeyCorp lowered their target price on Americold Realty Trust from $30.00 to $23.00 and set an "overweight" rating for the company in a report on Tuesday, July 1st. Finally, Barclays lowered their target price on Americold Realty Trust from $21.00 to $20.00 and set an "overweight" rating for the company in a report on Monday, July 21st. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $23.92.

Americold Realty Trust Stock Performance

COLD stock traded up $0.32 during trading hours on Friday, hitting $14.66. 2,923,324 shares of the stock were exchanged, compared to its average volume of 2,930,961. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $4.17 billion, a P/E ratio of -77.18, a P/E/G ratio of 2.20 and a beta of 0.81. The company has a 50-day simple moving average of $16.54 and a two-hundred day simple moving average of $18.93. Americold Realty Trust has a 12 month low of $14.23 and a 12 month high of $29.79.

Americold Realty Trust (NYSE:COLD - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.36 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.02. Americold Realty Trust had a negative return on equity of 1.66% and a negative net margin of 2.09%. The company had revenue of $650.75 million for the quarter, compared to analysts' expectations of $644.95 million. During the same quarter last year, the business earned $0.38 earnings per share. Americold Realty Trust's revenue was down 1.5% on a year-over-year basis. On average, analysts forecast that Americold Realty Trust will post 1.47 earnings per share for the current fiscal year.

Institutional Trading of Americold Realty Trust

Several large investors have recently modified their holdings of COLD. Cohen & Steers Inc. grew its holdings in shares of Americold Realty Trust by 16.3% in the fourth quarter. Cohen & Steers Inc. now owns 28,837,300 shares of the company's stock worth $617,085,000 after acquiring an additional 4,049,374 shares during the period. Massachusetts Financial Services Co. MA grew its position in shares of Americold Realty Trust by 649.2% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 4,158,779 shares of the company's stock valued at $89,247,000 after acquiring an additional 3,603,716 shares during the period. Alyeska Investment Group L.P. grew its position in shares of Americold Realty Trust by 115.8% during the 4th quarter. Alyeska Investment Group L.P. now owns 6,387,738 shares of the company's stock valued at $136,698,000 after acquiring an additional 3,427,083 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of Americold Realty Trust by 1,567.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,960,873 shares of the company's stock valued at $63,541,000 after acquiring an additional 2,783,264 shares during the period. Finally, Invesco Ltd. grew its position in shares of Americold Realty Trust by 253.8% during the 4th quarter. Invesco Ltd. now owns 3,213,139 shares of the company's stock valued at $68,761,000 after acquiring an additional 2,304,867 shares during the period. Institutional investors own 98.14% of the company's stock.

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.