Americold Realty Trust (NYSE:COLD) Price Target Cut to $15.00 by Analysts at Piper Sandler

Key Points

• Piper Sandler cut Americold Realty Trust’s price target from $17 to $15 while maintaining a “neutral” rating, implying roughly 8% upside from the prior close.
• Analyst sentiment remains mixed but centers on “Hold”: five analysts rate the stock a Buy, nine a Hold and two a Sell, with a consensus price target of $15.61.
• Shares fell 0.7% to $13.89. The company reported quarterly revenue of $662.9 million, above expectations, while institutional investors hold 98.14% of its stock.

Americold Realty Trust (NYSE:COLD - Get Free Report) had its price target reduced by equities research analysts at Piper Sandler from $17.00 to $15.00 in a research report issued on Monday, Benzinga reports. The brokerage presently has a "neutral" rating on the stock. Piper Sandler's price objective suggests a potential upside of 7.95% from the stock's previous close.

Other equities analysts also recently issued reports about the stock. Scotiabank raised shares of Americold Realty Trust from a "sector perform" rating to a "sector outperform" rating and set a $16.00 price objective on the stock in a report on Friday, October 2nd. 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. UBS Group increased their target price on shares of Americold Realty Trust from $13.00 to $16.00 and gave the company a "neutral" rating in a report on Friday, July 17th. Weiss Ratings lowered shares of Americold Realty Trust from a "sell (d+)" rating to a "sell (d)" rating in a research report on Tuesday, August 11th. Finally, DA Davidson set a $16.00 price target on shares of Americold Realty Trust in a research report on Tuesday, August 18th. Five investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $15.61.

Americold Realty Trust Stock Down 0.7%

Shares of COLD stock traded down $0.10 during trading hours on Monday, reaching $13.89. The company had a trading volume of 156,459 shares, compared to its average volume of 4,322,729. The company has a market cap of $3.97 billion, a price-to-earnings ratio of -8.75 and a beta of 0.92. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.10 and a quick ratio of 0.10. Americold Realty Trust has a 12 month low of $10.10 and a 12 month high of $16.88. The business has a fifty day simple moving average of $14.53 and a 200-day simple moving average of $14.19.

Americold Realty Trust (NYSE:COLD - Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported $0.35 earnings per share (EPS) for the quarter. The company had revenue of $662.89 million for the quarter, compared to analysts' expectations of $613.54 million. Americold Realty Trust had a negative return on equity of 16.14% and a negative net margin of 17.44%. Americold Realty Trust's quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.36 earnings per share. Americold Realty Trust has set its FY 2026 guidance at 1.200-1.300 EPS. On average, research analysts expect that Americold Realty Trust will post 1.22 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in COLD. Bank of America Corp DE bought a new stake in shares of Americold Realty Trust in the second quarter valued at approximately $48,141,000. Squarepoint Ops LLC boosted its holdings in Americold Realty Trust by 132.9% in the 2nd quarter. Squarepoint Ops LLC now owns 162,204 shares of the company's stock worth $2,550,000 after buying an additional 92,563 shares during the period. Hsbc Holdings PLC bought a new position in Americold Realty Trust in the 2nd quarter worth approximately $10,605,000. Wellington Management Group LLP bought a new position in Americold Realty Trust in the 2nd quarter worth approximately $8,963,000. Finally, Advisors Capital Management LLC purchased a new position in Americold Realty Trust in the 2nd quarter valued at approximately $19,858,000. Institutional investors own 98.14% of the company's stock.

About Americold Realty Trust

Americold Realty Trust, Inc is a real estate investment trust that owns, operates and develops temperature-controlled storage and distribution facilities. The company provides refrigerated and frozen warehousing, inventory management, handling, transportation coordination and other supply-chain services for customers that require temperature-sensitive logistics.

Its customers include food producers, processors, retailers, restaurants, distributors and other businesses involved in the movement of perishable goods.

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