Royal Bank of Canada Issues Pessimistic Forecast for Americold Realty Trust (NYSE:COLD) Stock Price

Americold Realty Trust (NYSE:COLD) had its price objective decreased by equities researchers at Royal Bank of Canada from $33.00 to $30.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s target price would indicate a potential upside of 38.25% from the company’s previous close.

Several other equities analysts also recently issued reports on the stock. Robert W. Baird reduced their price target on shares of Americold Realty Trust from $31.00 to $28.00 and set an “outperform” rating for the company in a report on Friday, November 8th. Wells Fargo & Company upped their price objective on shares of Americold Realty Trust from $24.00 to $30.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 28th. Truist Financial upped their price objective on shares of Americold Realty Trust from $31.00 to $33.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Barclays upped their price objective on shares of Americold Realty Trust from $25.00 to $28.00 and gave the stock an “equal weight” rating in a report on Monday, October 28th. Finally, Evercore ISI upped their price objective on shares of Americold Realty Trust from $33.00 to $34.00 and gave the stock an “outperform” rating in a report on Wednesday, August 28th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Americold Realty Trust currently has a consensus rating of “Moderate Buy” and an average target price of $30.73.

Americold Realty Trust Trading Down 0.1 %

Shares of COLD traded down $0.03 during midday trading on Wednesday, hitting $21.70. 176,687 shares of the stock traded hands, compared to its average volume of 2,181,634. Americold Realty Trust has a 1-year low of $21.53 and a 1-year high of $30.92. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.16 and a current ratio of 0.15. The business’s 50 day moving average price is $26.96 and its two-hundred day moving average price is $26.85.

Americold Realty Trust (NYSE:COLD) last announced its quarterly earnings results on Thursday, November 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.35). Americold Realty Trust had a negative net margin of 10.63% and a negative return on equity of 8.08%. The firm had revenue of $674.17 million for the quarter, compared to analyst estimates of $663.87 million. During the same period last year, the firm posted $0.32 EPS. The business’s revenue was up .9% compared to the same quarter last year. Analysts forecast that Americold Realty Trust will post 1.39 earnings per share for the current year.

Institutional Investors Weigh In On Americold Realty Trust

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Americold Realty Trust by 2.9% during the 1st quarter. Vanguard Group Inc. now owns 39,426,534 shares of the company’s stock worth $982,509,000 after buying an additional 1,095,116 shares during the period. Principal Financial Group Inc. raised its holdings in Americold Realty Trust by 30.8% during the 2nd quarter. Principal Financial Group Inc. now owns 15,300,802 shares of the company’s stock worth $390,783,000 after buying an additional 3,602,337 shares during the period. FMR LLC raised its holdings in Americold Realty Trust by 40.8% during the 3rd quarter. FMR LLC now owns 13,261,431 shares of the company’s stock worth $374,901,000 after buying an additional 3,844,603 shares during the period. Darlington Partners Capital Management LP raised its holdings in Americold Realty Trust by 15.1% during the 2nd quarter. Darlington Partners Capital Management LP now owns 9,018,040 shares of the company’s stock worth $230,321,000 after buying an additional 1,183,571 shares during the period. Finally, PGGM Investments acquired a new stake in Americold Realty Trust during the 2nd quarter worth about $114,436,000. 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.