Americold Realty Trust (NYSE:COLD) Price Target Cut to $27.00 by Analysts at Raymond James

Americold Realty Trust (NYSE:COLD) had its target price reduced by analysts at Raymond James from $31.00 to $27.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Raymond James’ price objective would indicate a potential upside of 20.05% from the company’s current price.

A number of other brokerages have also weighed in on COLD. Scotiabank decreased their price objective on Americold Realty Trust from $31.00 to $27.00 and set a “sector outperform” rating on the stock in a report on Tuesday. Royal Bank of Canada decreased their price objective on Americold Realty Trust from $33.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday, November 13th. Wells Fargo & Company raised their target price on Americold Realty Trust from $24.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 28th. Citigroup cut their target price on Americold Realty Trust from $30.00 to $25.00 and set a “neutral” rating for the company in a research note on Wednesday, December 4th. Finally, Barclays cut their target price on Americold Realty Trust from $28.00 to $26.00 and set an “equal weight” rating for the company in a research note on Monday, November 18th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $29.17.

Americold Realty Trust Price Performance

Americold Realty Trust stock opened at $22.49 on Wednesday. The company’s fifty day moving average price is $24.60 and its 200 day moving average price is $26.71. Americold Realty Trust has a 1 year low of $21.53 and a 1 year high of $30.92. The stock has a market capitalization of $6.39 billion, a P/E ratio of -22.27, a P/E/G ratio of 1.83 and a beta of 0.59. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.15 and a current ratio of 0.15.

Americold Realty Trust (NYSE:COLD) last announced its quarterly earnings data on Thursday, November 7th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.35). The firm had revenue of $674.17 million during the quarter, compared to analysts’ expectations of $663.87 million. Americold Realty Trust had a negative net margin of 10.63% and a negative return on equity of 8.08%. The company’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.32 EPS. As a group, equities research analysts anticipate that Americold Realty Trust will post 1.38 earnings per share for the current fiscal year.

Insider Activity at Americold Realty Trust

In other Americold Realty Trust news, SVP Robert E. Harris sold 1,836 shares of Americold Realty Trust stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $22.64, for a total value of $41,567.04. Following the completion of the transaction, the senior vice president now directly owns 1,837 shares of the company’s stock, valued at $41,589.68. The trade was a 49.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.17% of the stock is owned by insiders.

Hedge Funds Weigh In On Americold Realty Trust

Several institutional investors have recently bought and sold shares of the company. Principal Financial Group Inc. grew its position in Americold Realty Trust by 30.8% in the 2nd quarter. Principal Financial Group Inc. now owns 15,300,802 shares of the company’s stock valued at $390,783,000 after acquiring an additional 3,602,337 shares in the last quarter. FMR LLC grew its position in Americold Realty Trust by 40.8% in the 3rd quarter. FMR LLC now owns 13,261,431 shares of the company’s stock valued at $374,901,000 after acquiring an additional 3,844,603 shares in the last quarter. Darlington Partners Capital Management LP grew its position in Americold Realty Trust by 15.1% in the 2nd quarter. Darlington Partners Capital Management LP now owns 9,018,040 shares of the company’s stock valued at $230,321,000 after acquiring an additional 1,183,571 shares in the last quarter. Long Pond Capital LP grew its position in Americold Realty Trust by 2.9% in the 2nd quarter. Long Pond Capital LP now owns 4,385,307 shares of the company’s stock valued at $112,001,000 after acquiring an additional 123,440 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Americold Realty Trust by 4.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,900,054 shares of the company’s stock valued at $110,255,000 after acquiring an additional 165,667 shares in the last quarter. 98.14% of the stock is owned by institutional investors and hedge funds.

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.