Americold Realty Trust (NYSE:COLD) Raised to Hold at 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 researchers at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued on Saturday.

COLD has been the topic of several other reports. JPMorgan Chase & Co. cut Americold Realty Trust from an "overweight" rating to a "neutral" rating and lowered their target price for the company from $24.00 to $21.00 in a research report on Monday, June 23rd. Barclays lowered their target price on Americold Realty Trust from $21.00 to $20.00 and set an "overweight" rating on the stock in a research report on Monday, July 21st. BNP Paribas Exane cut Americold Realty Trust from an "outperform" rating to a "neutral" rating and set a $18.00 target price on the stock. in a research report on Thursday, June 12th. Wells Fargo & Company lowered their target price on Americold Realty Trust from $23.00 to $18.00 and set an "equal weight" rating on the stock in a research report on Monday, May 19th. Finally, KeyCorp lowered their target price on Americold Realty Trust from $30.00 to $23.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 1st. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Americold Realty Trust has an average rating of "Moderate Buy" and a consensus price target of $23.58.

Americold Realty Trust Stock Performance

Shares of Americold Realty Trust stock traded up $0.20 on Friday, reaching $14.89. 1,104,005 shares of the company were exchanged, compared to its average volume of 2,927,865. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.13 and a current ratio of 0.12. The company's 50-day moving average is $16.50 and its two-hundred day moving average is $18.90. The firm has a market cap of $4.24 billion, a price-to-earnings ratio of -78.42, a P/E/G ratio of 2.17 and a beta of 0.81. Americold Realty Trust has a 1-year low of $14.23 and a 1-year high of $29.79.

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. 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 last year, the firm earned $0.38 EPS. The firm's revenue was down 1.5% compared to the same quarter last year. As a group, research analysts expect that Americold Realty Trust will post 1.47 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new position in shares of Americold Realty Trust in the 4th quarter worth $980,000. Teacher Retirement System of Texas grew its holdings in shares of Americold Realty Trust by 270.7% in the 1st quarter. Teacher Retirement System of Texas now owns 104,330 shares of the company's stock worth $2,239,000 after acquiring an additional 76,183 shares during the last quarter. Chilton Capital Management LLC grew its holdings in shares of Americold Realty Trust by 12.1% in the 1st quarter. Chilton Capital Management LLC now owns 553,751 shares of the company's stock worth $11,997,000 after acquiring an additional 59,720 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Americold Realty Trust by 7.2% in the 4th quarter. Envestnet Asset Management Inc. now owns 857,571 shares of the company's stock worth $18,352,000 after acquiring an additional 57,248 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Americold Realty Trust by 2.0% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,573,754 shares of the company's stock worth $55,233,000 after acquiring an additional 51,548 shares during 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.