Barclays Issues Pessimistic Forecast for Americold Realty Trust (NYSE:COLD) Stock Price

Americold Realty Trust (NYSE:COLD - Get Free Report) had its price objective lowered by equities research analysts at Barclays from $21.00 to $20.00 in a report released on Monday,Benzinga reports. The firm presently has an "overweight" rating on the stock. Barclays's target price would suggest a potential upside of 21.51% from the company's current price.

Other equities analysts have also issued reports about the stock. BNP Paribas Exane lowered shares of Americold Realty Trust from an "outperform" rating to a "neutral" rating and set a $18.00 price target on the stock. in a research report on Thursday, June 12th. Wells Fargo & Company dropped their target price on Americold Realty Trust from $23.00 to $18.00 and set an "equal weight" rating for the company in a report on Monday, May 19th. JPMorgan Chase & Co. cut Americold Realty Trust from an "overweight" rating to a "neutral" rating and dropped their target price for the company from $24.00 to $21.00 in a report on Monday, June 23rd. KeyCorp dropped 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, Robert W. Baird dropped 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. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, Americold Realty Trust presently has a consensus rating of "Moderate Buy" and an average price target of $23.92.

Americold Realty Trust Stock Performance

Shares of Americold Realty Trust stock traded up $0.32 on Monday, reaching $16.46. 188,740 shares of the stock were exchanged, compared to its average volume of 2,396,405. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.19. Americold Realty Trust has a twelve month low of $16.06 and a twelve month high of $30.45. The firm has a market capitalization of $4.69 billion, a price-to-earnings ratio of -38.30, a PEG ratio of 2.45 and a beta of 0.84. The business has a 50 day moving average price of $16.93 and a two-hundred day moving average price of $19.53.

Americold Realty Trust (NYSE:COLD - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.35 by ($0.01). Americold Realty Trust had a negative net margin of 4.58% and a negative return on equity of 3.60%. The company had revenue of $628.98 million during the quarter, compared to analyst estimates of $667.18 million. During the same period in the previous year, the firm posted $0.37 earnings per share. The company's revenue was down 5.4% compared to the same quarter last year. Analysts anticipate that Americold Realty Trust will post 1.47 earnings per share for the current fiscal year.

Insider Activity at Americold Realty Trust

In other Americold Realty Trust news, CEO George F. Jr. Chappelle bought 110,000 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The stock was purchased at an average price of $17.99 per share, for a total transaction of $1,978,900.00. Following the completion of the purchase, the chief executive officer directly owned 110,000 shares in the company, valued at $1,978,900. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jay Wells bought 10,000 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The shares were acquired at an average price of $17.91 per share, with a total value of $179,100.00. Following the purchase, the chief financial officer owned 10,000 shares of the company's stock, valued at $179,100. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.23% of the company's stock.

Institutional Investors Weigh In On Americold Realty Trust

Institutional investors have recently added to or reduced their stakes in the business. Brown Brothers Harriman & Co. acquired a new position in Americold Realty Trust during the fourth quarter worth approximately $25,000. GKV Capital Management Co. Inc. acquired a new stake in Americold Realty Trust during the 1st quarter worth $36,000. Parallel Advisors LLC boosted its stake in Americold Realty Trust by 68.1% during the 1st quarter. Parallel Advisors LLC now owns 2,091 shares of the company's stock worth $45,000 after purchasing an additional 847 shares during the period. Assetmark Inc. boosted its stake in Americold Realty Trust by 64.2% during the 1st quarter. Assetmark Inc. now owns 2,113 shares of the company's stock worth $45,000 after purchasing an additional 826 shares during the period. Finally, Avalon Trust Co acquired a new stake in Americold Realty Trust during the 1st quarter worth $49,000. Hedge funds and other 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.

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