Americold Realty Trust (NYSE:COLD) Upgraded to “Outperform” by Wolfe Research

Americold Realty Trust (NYSE:COLD) was upgraded by research analysts at Wolfe Research from a “peer perform” rating to an “outperform” rating in a note issued to investors on Monday, MarketBeat.com reports. The brokerage currently has a $31.00 price target on the stock. Wolfe Research’s price objective points to a potential upside of 21.38% from the company’s current price.

COLD has been the subject of a number of other reports. Scotiabank raised shares of Americold Realty Trust from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the company from $27.00 to $30.00 in a research note on Thursday, May 23rd. Wells Fargo & Company assumed coverage on shares of Americold Realty Trust in a research report on Thursday, April 25th. They set an “equal weight” rating and a $24.00 price target on the stock. JPMorgan Chase & Co. upgraded shares of Americold Realty Trust from a “neutral” rating to an “overweight” rating and set a $30.00 price target on the stock in a research report on Wednesday, June 26th. Barclays boosted their price target on shares of Americold Realty Trust from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Friday, May 24th. Finally, KeyCorp dropped their target price on shares of Americold Realty Trust from $37.00 to $32.00 and set an “overweight” rating on the stock in a report on Friday, March 22nd. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $30.60.

Americold Realty Trust Trading Up 1.8 %

Americold Realty Trust stock opened at $25.54 on Monday. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.15. The firm has a 50-day moving average price of $24.79 and a two-hundred day moving average price of $26.30. The firm has a market capitalization of $7.25 billion, a price-to-earnings ratio of -21.83, a PEG ratio of 1.81 and a beta of 0.59. Americold Realty Trust has a 52-week low of $21.87 and a 52-week high of $33.90.

Hedge Funds Weigh In On Americold Realty Trust

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in shares of Americold Realty Trust by 2.9% in the 1st quarter. Vanguard Group Inc. now owns 39,426,534 shares of the company’s stock worth $982,509,000 after purchasing an additional 1,095,116 shares during the last quarter. Norges Bank bought a new position in shares of Americold Realty Trust in the 4th quarter valued at about $677,077,000. Principal Financial Group Inc. raised its position in shares of Americold Realty Trust by 49.6% in the 1st quarter. Principal Financial Group Inc. now owns 11,698,465 shares of the company’s stock valued at $291,526,000 after acquiring an additional 3,879,632 shares during the period. Deutsche Bank AG raised its position in shares of Americold Realty Trust by 0.3% in the 3rd quarter. Deutsche Bank AG now owns 4,451,713 shares of the company’s stock valued at $135,377,000 after acquiring an additional 11,973 shares during the period. Finally, Long Pond Capital LP acquired a new stake in shares of Americold Realty Trust in the 1st quarter valued at approximately $106,206,000. Institutional investors and hedge funds 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.