Robert W. Baird Cuts Americold Realty Trust (NYSE:COLD) Price Target to $28.00

Americold Realty Trust (NYSE:COLD) had its price target cut by stock analysts at Robert W. Baird from $31.00 to $28.00 in a research report issued on Friday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Robert W. Baird’s price objective would suggest a potential upside of 20.98% from the stock’s previous close.

A number of other equities analysts also recently commented on COLD. 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 research report on Monday, October 28th. Evercore ISI increased their price target 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. Scotiabank lifted their price objective on Americold Realty Trust from $30.00 to $31.00 and gave the company a “sector outperform” rating in a report on Monday, August 19th. Truist Financial boosted their target price on Americold Realty Trust from $31.00 to $33.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Finally, Wells Fargo & Company raised their price target on Americold Realty Trust from $24.00 to $30.00 and gave the company an “equal weight” rating in a report on Wednesday, August 28th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $30.91.

Americold Realty Trust Stock Down 8.4 %

COLD opened at $23.15 on Friday. The business has a 50 day moving average price of $27.48 and a two-hundred day moving average price of $26.82. Americold Realty Trust has a 52 week low of $21.87 and a 52 week high of $30.92. The company has a market cap of $6.58 billion, a PE ratio of -22.92, a P/E/G ratio of 1.71 and a beta of 0.61. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.21.

Americold Realty Trust (NYSE:COLD) last released its quarterly earnings results on Thursday, August 8th. The company reported ($0.23) EPS for the quarter, missing the consensus estimate of $0.31 by ($0.54). Americold Realty Trust had a negative return on equity of 7.74% and a negative net margin of 10.60%. The company had revenue of $660.96 million for the quarter, compared to analysts’ expectations of $653.74 million. During the same quarter last year, the company earned $0.28 EPS. Americold Realty Trust’s revenue for the quarter was up 1.7% compared to the same quarter last year. As a group, research analysts anticipate that Americold Realty Trust will post 1.39 EPS for the current year.

Hedge Funds Weigh In On Americold Realty Trust

Hedge funds have recently added to or reduced their stakes in the business. Assetmark Inc. lifted its holdings in shares of Americold Realty Trust by 2,288.1% in the third quarter. Assetmark Inc. now owns 1,003 shares of the company’s stock valued at $28,000 after purchasing an additional 961 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Americold Realty Trust by 189.9% during the 3rd quarter. GAMMA Investing LLC now owns 1,122 shares of the company’s stock worth $32,000 after purchasing an additional 735 shares during the last quarter. Blue Trust Inc. grew its holdings in Americold Realty Trust by 2,727.4% during the 2nd quarter. Blue Trust Inc. now owns 2,997 shares of the company’s stock valued at $75,000 after buying an additional 2,891 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Americold Realty Trust during the second quarter worth $85,000. Finally, Signaturefd LLC raised its holdings in shares of Americold Realty Trust by 22.7% in the second quarter. Signaturefd LLC now owns 3,994 shares of the company’s stock worth $102,000 after acquiring an additional 740 shares during the last quarter. 98.14% of the stock is currently owned by hedge funds and other institutional investors.

Americold Realty Trust Company Profile

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.