Truist Financial Cuts Americold Realty Trust (NYSE:COLD) Price Target to $30.00

Americold Realty Trust (NYSE:COLD) had its target price trimmed by Truist Financial from $33.00 to $30.00 in a report released on Thursday,Benzinga reports. The firm currently has a buy rating on the stock.

Several other analysts also recently commented on the stock. Robert W. Baird decreased their price objective on shares of Americold Realty Trust from $31.00 to $28.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. Citigroup decreased their price target on Americold Realty Trust from $30.00 to $25.00 and set a “neutral” rating on the stock in a report on Wednesday. Scotiabank upped their price objective on Americold Realty Trust from $30.00 to $31.00 and gave the stock a “sector outperform” rating in a research note on Monday, August 19th. Royal Bank of Canada lowered their price target 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. Finally, Evercore ISI upped their price target on Americold Realty Trust from $33.00 to $34.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 28th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $29.83.

Americold Realty Trust Price Performance

NYSE COLD opened at $23.13 on Thursday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.15 and a current ratio of 0.15. The business’s fifty day moving average is $24.99 and its 200 day moving average is $26.79. The company has a market capitalization of $6.57 billion, a PE ratio of -22.90, a price-to-earnings-growth ratio of 1.81 and a beta of 0.59. Americold Realty Trust has a fifty-two week low of $21.53 and a fifty-two week high of $30.92.

Americold Realty Trust (NYSE:COLD) last announced its quarterly earnings data on Thursday, November 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $674.17 million for the quarter, compared to the consensus estimate of $663.87 million. During the same quarter last year, the firm posted $0.32 earnings per share. The company’s revenue was up .9% compared to the same quarter last year. Sell-side analysts predict that Americold Realty Trust will post 1.38 earnings per share for the current year.

Insider Activity at Americold Realty Trust

In other Americold Realty Trust news, SVP Robert E. Harris sold 1,836 shares of the stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $22.64, for a total transaction of $41,567.04. Following the completion of the transaction, the senior vice president now owns 1,837 shares in the company, valued at $41,589.68. This trade represents a 49.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.17% of the stock is currently owned by insiders.

Institutional Trading of Americold Realty Trust

Several hedge funds have recently made changes to their positions in the business. PGGM Investments purchased a new position in Americold Realty Trust in the second quarter worth about $114,436,000. FMR LLC lifted its stake in shares of 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 purchasing an additional 3,844,603 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of 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 worth $390,783,000 after purchasing an additional 3,602,337 shares during the period. Deprince Race & Zollo Inc. increased its position in shares of Americold Realty Trust by 2,542.7% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 1,712,317 shares of the company’s stock valued at $43,733,000 after purchasing an additional 1,647,522 shares during the last quarter. Finally, 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 valued at $230,321,000 after buying an additional 1,183,571 shares during the period. 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.