Truist Financial Lowers Americold Realty Trust (NYSE:COLD) Price Target to $20.00

Key Points

• Truist Financial has lowered the price target for Americold Realty Trust (NYSE:COLD) from $24.00 to $20.00, indicating a potential upside of 38.94% from its current price.
• Despite the price reduction, Truist maintains a "buy" rating on the stock, and Americold has a consensus rating of "Moderate Buy" from analysts.
• Americold Realty Trust reported a quarterly earnings per share (EPS) of $0.36, beating estimates but showing a 1.5% decline in revenue compared to the same quarter last year.

Americold Realty Trust (NYSE:COLD - Get Free Report) had its price objective decreased by equities researchers at Truist Financial from $24.00 to $20.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Truist Financial's target price indicates a potential upside of 38.94% from the stock's current price.

A number of other research analysts have also issued reports on the company. Wall Street Zen upgraded Americold Realty Trust from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Barclays cut their price objective on Americold Realty Trust from $21.00 to $20.00 and set an "overweight" rating for the company in a report on Monday, July 21st. BNP Paribas Exane lowered Americold Realty Trust from an "outperform" rating to a "neutral" rating and set a $18.00 price objective for the company. in a report on Thursday, June 12th. Royal Bank Of Canada cut their price objective on Americold Realty Trust from $25.00 to $19.00 and set an "outperform" rating for the company in a report on Monday. Finally, Robert W. Baird cut their price objective on Americold Realty Trust from $23.00 to $19.00 and set an "outperform" rating for the company in a report on Wednesday, August 13th. Seven investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Americold Realty Trust presently has a consensus rating of "Moderate Buy" and an average target price of $21.83.

Americold Realty Trust Trading Down 1.1%

NYSE:COLD opened at $14.3950 on Friday. Americold Realty Trust has a 12-month low of $14.23 and a 12-month high of $29.79. The firm has a market capitalization of $4.10 billion, a P/E ratio of -75.76, a P/E/G ratio of 4.50 and a beta of 0.81. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.12 and a quick ratio of 0.12. The business has a 50 day simple moving average of $16.13 and a 200 day simple moving average of $18.57.

Americold Realty Trust (NYSE:COLD - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 business had revenue of $650.75 million during the quarter, compared to analyst estimates of $644.95 million. During the same quarter in the previous year, the firm posted $0.38 EPS. The business's revenue for the quarter was down 1.5% compared to the same quarter last year. Equities research analysts predict that Americold Realty Trust will post 1.47 EPS for the current year.

Institutional Trading of Americold Realty Trust

Several large investors have recently made changes to their positions in COLD. Entropy Technologies LP bought a new stake in Americold Realty Trust during the 1st quarter valued at approximately $494,000. Vision Capital Corp raised its holdings in Americold Realty Trust by 3.6% in the 1st quarter. Vision Capital Corp now owns 1,237,320 shares of the company's stock valued at $26,553,000 after acquiring an additional 42,600 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Americold Realty Trust by 1.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,229,542 shares of the company's stock worth $90,766,000 after buying an additional 73,856 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Americold Realty Trust in the 4th quarter worth approximately $980,000. Finally, Teacher Retirement System of Texas raised 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 buying an additional 76,183 shares in the last quarter. Institutional investors 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.

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