Americold Realty Trust (NYSE:COLD) Given New $16.00 Price Target at UBS Group

Key Points

• UBS raised its price target on Americold Realty Trust from $14 to $16 while maintaining a neutral rating; the target implies about 0.9% downside from the prior close.
• Analysts broadly rate the stock a Hold, with a consensus price target of $15.61; five analysts rate it Buy, nine Hold, and two Sell.
• Americold reported quarterly EPS of $0.35, beating estimates of a $0.02 loss, and revenue of $691.56 million, up 4.2% year over year.

Americold Realty Trust (NYSE:COLD - Get Free Report) had its target price hoisted by analysts at UBS Group from $14.00 to $16.00 in a report issued on Wednesday, Benzinga reports. The brokerage presently has a "neutral" rating on the stock. UBS Group's price target points to a potential downside of 0.93% from the company's previous close.

Several other brokerages also recently weighed in on COLD. Piper Sandler lowered their target price on Americold Realty Trust from $17.00 to $15.00 and set a "neutral" rating for the company in a research note on Monday, October 12th. Weiss Ratings reiterated a "sell (d)" rating on shares of Americold Realty Trust in a research note on Wednesday, November 4th. DA Davidson set a $16.00 price target on Americold Realty Trust in a research note on Tuesday, August 18th. Evercore reissued an "outperform" rating and issued a $19.00 price target on shares of Americold Realty Trust in a report on Friday, August 7th. Finally, Royal Bank Of Canada restated a "sector perform" rating and set a $16.00 price objective on shares of Americold Realty Trust in a research note on Monday, August 17th. Five equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Americold Realty Trust presently has a consensus rating of "Hold" and a consensus price target of $15.61.

Americold Realty Trust Stock Up 0.1%

NYSE:COLD traded up $0.01 during trading hours on Wednesday, hitting $16.15. The stock had a trading volume of 5,826,023 shares, compared to its average volume of 4,345,625. The company has a market cap of $4.61 billion, a PE ratio of 19.46 and a beta of 0.93. The business has a 50 day simple moving average of $14.42 and a two-hundred day simple moving average of $13.88. Americold Realty Trust has a 1-year low of $10.10 and a 1-year high of $16.88. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.13.

Americold Realty Trust (NYSE:COLD - Get Free Report) last posted its earnings results on Thursday, November 5th. The company reported $0.35 EPS for the quarter, topping analysts' consensus estimates of ($0.02) by $0.37. The business had revenue of $691.56 million for the quarter, compared to analysts' expectations of $640.82 million. Americold Realty Trust had a net margin of 9.03% and a return on equity of 8.44%. The business's revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.35 earnings per share. Analysts predict that Americold Realty Trust will post 1.22 EPS for the current year.

Institutional Investors Weigh In On Americold Realty Trust

Several hedge funds and other institutional investors have recently modified their holdings of COLD. Bank of America Corp DE bought a new stake in Americold Realty Trust in the second quarter valued at about $48,141,000. The Manufacturers Life Insurance Company acquired a new stake in Americold Realty Trust during the second quarter valued at approximately $1,175,000. Squarepoint Ops LLC raised its stake in Americold Realty Trust by 132.9% during the second quarter. Squarepoint Ops LLC now owns 162,204 shares of the company's stock valued at $2,550,000 after buying an additional 92,563 shares in the last quarter. Hsbc Holdings PLC acquired a new stake in Americold Realty Trust during the second quarter valued at approximately $10,605,000. Finally, Wellington Management Group LLP bought a new position in Americold Realty Trust during the 2nd quarter worth approximately $8,963,000. Institutional investors own 98.14% of the company's stock.

About Americold Realty Trust

Americold Realty Trust is a real estate investment trust that owns and operates temperature-controlled warehouses and provides logistics services for the food supply chain. Its facilities help customers store and move perishable products, including food produced by manufacturers and processors and products distributed to retailers and food-service businesses. The company offers refrigerated and frozen storage, handling, transportation and other supply chain services. It also manages temperature-controlled facilities for third parties, combining warehouse space with operational support for customers' distribution needs.

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