AmeriCold Realty Trust (NYSE:COLD) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Thursday. The brokerage presently has a $30.00 price objective on the stock. Zacks Investment Research‘s target price suggests a potential upside of 14.07% from the stock’s current price.

According to Zacks, “Americold Realty Trust is a real estate investment trust. It owns and operates temperature-controlled warehouses. The company operates primarily in the United States, Australia, New Zealand, Argentina and Canada. Americold Realty Trust is based in Atlanta, Georgia. “

A number of other research analysts have also commented on the company. Robert W. Baird upped their target price on AmeriCold Realty Trust from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Tuesday, September 18th. Bank of America upped their target price on AmeriCold Realty Trust from $23.50 to $28.50 and gave the company a “buy” rating in a research note on Friday, September 21st. Royal Bank of Canada upped their target price on AmeriCold Realty Trust from $25.00 to $26.00 and gave the company a “buy” rating in a research note on Friday, August 10th. Finally, Raymond James upped their target price on AmeriCold Realty Trust from $25.00 to $27.00 and gave the company an “outperform” rating in a research note on Wednesday, September 19th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $24.81.

Shares of NYSE COLD traded down $0.23 during trading hours on Thursday, reaching $26.30. The stock had a trading volume of 1,030,500 shares, compared to its average volume of 888,319. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.24 and a current ratio of 0.24. AmeriCold Realty Trust has a twelve month low of $16.13 and a twelve month high of $26.97.

AmeriCold Realty Trust (NYSE:COLD) last issued its earnings results on Thursday, November 8th. The company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.10). The company had revenue of $402.01 million during the quarter, compared to analyst estimates of $404.35 million. AmeriCold Realty Trust’s revenue for the quarter was up .9% compared to the same quarter last year. Analysts predict that AmeriCold Realty Trust will post 1.06 earnings per share for the current year.

In other AmeriCold Realty Trust news, Director Ronald W. Burkle sold 16,530,191 shares of the company’s stock in a transaction on Tuesday, September 18th. The stock was sold at an average price of $23.54, for a total value of $389,120,696.14. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Fortress Investment Group Llc sold 7,235,529 shares of the company’s stock in a transaction on Tuesday, September 18th. The shares were sold at an average price of $23.54, for a total value of $170,324,352.66. The disclosure for this sale can be found here.

A number of large investors have recently made changes to their positions in COLD. Daiwa Securities Group Inc. bought a new stake in shares of AmeriCold Realty Trust during the second quarter worth $137,000. California Public Employees Retirement System bought a new stake in shares of AmeriCold Realty Trust during the first quarter worth $191,000. Eii Capital Management Inc. bought a new stake in shares of AmeriCold Realty Trust during the third quarter worth $199,000. United Services Automobile Association bought a new stake in shares of AmeriCold Realty Trust during the third quarter worth $208,000. Finally, Oppenheimer Asset Management Inc. bought a new stake in shares of AmeriCold Realty Trust during the second quarter worth $219,000. Hedge funds and other institutional investors own 61.64% of the company’s stock.

About AmeriCold Realty Trust

Americold is the world's largest owner and operator of temperature-controlled warehouses. Based in Atlanta, Georgia, Americold owns and operates 156 temperature-controlled warehouses, with approximately 924 million refrigerated cubic feet of storage, in the United States, Australia, New Zealand, Canada, and Argentina.

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