Wells Fargo & Company Lowers Americold Realty Trust (NYSE:COLD) Price Target to $15.00

Key Points

• Wells Fargo & Company has lowered the price target for Americold Realty Trust from $18.00 to $15.00, maintaining an "equal weight" rating on the stock.
• Currently, Americold Realty Trust has a consensus rating of "Moderate Buy" with an average price target of $21.58 among analysts, despite several recent downgrades from other research firms.
• Americold reported a quarterly earnings per share (EPS) of $0.36, exceeding expectations, although revenue decreased by 1.5% year-over-year.

Americold Realty Trust (NYSE:COLD - Get Free Report) had its price objective lowered by analysts at Wells Fargo & Company from $18.00 to $15.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has an "equal weight" rating on the stock. Wells Fargo & Company's price objective indicates a potential upside of 0.03% from the company's previous close.

Several other research firms have also weighed in on COLD. Wall Street Zen raised Americold Realty Trust from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. 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. Truist Financial cut their price objective on Americold Realty Trust from $24.00 to $20.00 and set a "buy" rating for the company in a report on Friday, August 22nd. Scotiabank reissued a "sector perform" rating and set a $20.00 target price on shares of Americold Realty Trust in a research report on Thursday, May 15th. Finally, KeyCorp lowered their price target on Americold Realty Trust from $30.00 to $23.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 1st. Seven equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, Americold Realty Trust currently has a consensus rating of "Moderate Buy" and an average price target of $21.58.

Americold Realty Trust Stock Performance

Americold Realty Trust stock opened at $15.00 on Wednesday. The stock has a fifty day moving average price of $16.03 and a 200 day moving average price of $18.41. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $4.27 billion, a P/E ratio of -78.93, a PEG ratio of 4.79 and a beta of 0.81. Americold Realty Trust has a 52 week low of $14.23 and a 52 week high of $29.62.

Americold Realty Trust (NYSE:COLD - Get Free Report) last issued its quarterly earnings results 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. The firm had revenue of $650.75 million during the quarter, compared to analyst estimates of $644.95 million. Americold Realty Trust had a negative return on equity of 1.68% and a negative net margin of 2.09%.The firm's quarterly revenue was down 1.5% on a year-over-year basis. During the same period last year, the company posted $0.38 EPS. Equities research analysts anticipate that Americold Realty Trust will post 1.47 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of COLD. Norges Bank acquired a new stake in Americold Realty Trust during the 2nd quarter worth $206,317,000. Massachusetts Financial Services Co. MA lifted its position in Americold Realty Trust by 649.2% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 4,158,779 shares of the company's stock valued at $89,247,000 after acquiring an additional 3,603,716 shares in the last quarter. Alyeska Investment Group L.P. lifted its position in Americold Realty Trust by 115.8% in the 4th quarter. Alyeska Investment Group L.P. now owns 6,387,738 shares of the company's stock valued at $136,698,000 after acquiring an additional 3,427,083 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Americold Realty Trust by 1,567.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,960,873 shares of the company's stock valued at $63,541,000 after acquiring an additional 2,783,264 shares in the last quarter. Finally, Lasalle Investment Management Securities LLC boosted its stake in shares of Americold Realty Trust by 78.2% during the 2nd quarter. Lasalle Investment Management Securities LLC now owns 6,212,971 shares of the company's stock worth $103,322,000 after buying an additional 2,726,809 shares during the last quarter. 98.14% of the stock is currently owned by institutional investors.

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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