Stock analysts at Royal Bank of Canada initiated coverage on shares of AmeriCold Realty Trust (NYSE:COLD) in a report released on Tuesday. The brokerage set an “outperform” rating and a $22.00 price target on the stock. Royal Bank of Canada’s price objective would suggest a potential upside of 22.36% from the company’s current price.

COLD has been the topic of several other reports. JPMorgan Chase & Co. began coverage on AmeriCold Realty Trust in a research note on Tuesday. They issued a “neutral” rating and a $19.00 price target on the stock. SunTrust Banks began coverage on AmeriCold Realty Trust in a research note on Tuesday. They issued a “buy” rating and a $21.00 price target on the stock. Finally, Bank of America began coverage on AmeriCold Realty Trust in a research note on Tuesday. They issued a “buy” rating and a $20.00 price target on the stock. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $20.40.

AmeriCold Realty Trust (NYSE COLD) opened at $17.98 on Tuesday. AmeriCold Realty Trust has a 12 month low of $16.13 and a 12 month high of $18.41.

In related news, major shareholder Goldman Sachs Group Inc bought 125,000 shares of the company’s stock in a transaction on Friday, January 19th. The shares were acquired at an average cost of $17.40 per share, with a total value of $2,175,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Ronald W. Burkle sold 13,581,284 shares of the business’s stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $14.90, for a total value of $202,361,131.60. The disclosure for this sale can be found here.

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About AmeriCold Realty Trust

Americold Realty Trust is a real estate investment trust (REIT) engaged in the provision of temperature controlled warehousing and distribution services in the United States. The Company operates 104 facilities, of which 90 are wholly owned or leased, 13 are managed for outside owners, and one is partially owned.

Analyst Recommendations for AmeriCold Realty Trust (NYSE:COLD)

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