Americold Realty Trust (NYSE:COLD) Lifted to Overweight at JPMorgan Chase & Co.

Americold Realty Trust (NYSE:COLD) was upgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a research note issued on Wednesday, FinViz reports. The brokerage currently has a $30.00 target price on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 17.07% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the company. KeyCorp dropped their price target on Americold Realty Trust from $37.00 to $32.00 and set an “overweight” rating on the stock in a research note on Friday, March 22nd. Raymond James upgraded shares of Americold Realty Trust from a “market perform” rating to an “outperform” rating and set a $31.00 price objective for the company in a research report on Thursday, February 29th. Royal Bank of Canada decreased their target price on shares of Americold Realty Trust from $34.00 to $32.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 28th. Wells Fargo & Company started coverage on Americold Realty Trust in a report on Thursday, April 25th. They set an “equal weight” rating and a $24.00 target price on the stock. Finally, Barclays boosted their price objective on shares of Americold Realty Trust from $25.00 to $26.00 and gave the company an “equal weight” rating in a research report on Friday, May 24th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $30.56.

Americold Realty Trust Stock Performance

Shares of COLD opened at $25.63 on Wednesday. The firm has a 50-day moving average of $24.64 and a 200-day moving average of $26.37. The company has a market cap of $7.28 billion, a PE ratio of -21.90, a price-to-earnings-growth ratio of 1.82 and a beta of 0.60. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.16 and a quick ratio of 0.16. Americold Realty Trust has a one year low of $21.87 and a one year high of $33.90.

Institutional Investors Weigh In On Americold Realty Trust

Institutional investors have recently added to or reduced their stakes in the business. Lasalle Investment Management Securities LLC bought a new stake in shares of Americold Realty Trust in the first quarter worth $27,996,000. Westwood Holdings Group Inc. raised its position in shares of Americold Realty Trust by 24.0% during the first quarter. Westwood Holdings Group Inc. now owns 1,085,581 shares of the company’s stock worth $27,053,000 after acquiring an additional 209,942 shares during the last quarter. Cetera Advisors LLC acquired a new position in shares of Americold Realty Trust in the first quarter worth approximately $350,000. Swedbank AB bought a new position in Americold Realty Trust during the 1st quarter worth approximately $9,495,000. Finally, Walleye Trading LLC acquired a new position in shares of Americold Realty Trust in the 1st quarter worth approximately $249,000. 98.14% of the stock is owned by 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.