Americold Realty Trust (NYSE:COLD) Earns Equal Weight Rating from Analysts at Wells Fargo & Company

Analysts at Wells Fargo & Company began coverage on shares of Americold Realty Trust (NYSE:COLD - Get Free Report) in a research report issued to clients and investors on Thursday, Marketbeat Ratings reports. The brokerage set an "equal weight" rating and a $24.00 price target on the stock. Wells Fargo & Company's target price would indicate a potential upside of 7.48% from the stock's current price.

Several other research firms have also recently weighed in on COLD. Truist Financial upgraded shares of Americold Realty Trust from a "hold" rating to a "buy" rating and raised their price objective for the company from $31.00 to $35.00 in a research report on Tuesday, January 16th. Raymond James raised Americold Realty Trust from a "market perform" rating to an "outperform" rating and set a $31.00 price target for the company in a research note on Thursday, February 29th. Scotiabank began coverage on Americold Realty Trust in a report on Wednesday, March 27th. They issued a "sector perform" rating and a $27.00 price objective for the company. Barclays decreased their price objective on Americold Realty Trust from $32.00 to $25.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 27th. Finally, KeyCorp cut their target price on Americold Realty Trust from $37.00 to $32.00 and set an "overweight" rating for the company in a research note on Friday, March 22nd. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $30.33.

Americold Realty Trust Price Performance

NYSE:COLD traded down $0.19 during trading hours on Thursday, hitting $22.33. 1,303,496 shares of the company's stock traded hands, compared to its average volume of 2,337,171. Americold Realty Trust has a 52 week low of $22.22 and a 52 week high of $33.90. The business's fifty day simple moving average is $24.99 and its two-hundred day simple moving average is $27.10. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.13. The firm has a market cap of $6.34 billion, a P/E ratio of -18.61, a P/E/G ratio of 2.01 and a beta of 0.52.

Hedge Funds Weigh In On Americold Realty Trust

Large investors have recently modified their holdings of the stock. VisionPoint Advisory Group LLC grew its position in shares of Americold Realty Trust by 74.1% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 914 shares of the company's stock worth $28,000 after buying an additional 389 shares in the last quarter. Clearstead Advisors LLC purchased a new position in Americold Realty Trust in the third quarter worth $33,000. GAMMA Investing LLC purchased a new position in shares of Americold Realty Trust in the 4th quarter valued at approximately $50,000. Principal Securities Inc. purchased a new stake in Americold Realty Trust in the fourth quarter valued at approximately $80,000. Finally, Signaturefd LLC raised its position in Americold Realty Trust by 23.8% during the third quarter. Signaturefd LLC now owns 2,746 shares of the company's stock valued at $84,000 after acquiring an additional 528 shares in the last quarter. Institutional investors own 98.14% of the company's stock.

About Americold Realty Trust

Americold is a global leader in temperature-controlled logistics real estate and value added services. Focused on the ownership, operation, acquisition and development of temperature-controlled warehouses, Americold owns and/or operates 245 temperature-controlled warehouses, with approximately 1.5 billion refrigerated cubic feet of storage, in North America, Europe, Asia-Pacific, and South America.