Stock analysts at Berenberg Bank initiated coverage on shares of AmeriCold Realty Trust (NYSE:COLD) in a research report issued to clients and investors on Wednesday, Marketbeat.com reports. The firm set a “buy” rating and a $35.00 price target on the stock. Berenberg Bank’s price target suggests a potential upside of 15.55% from the stock’s previous close.

COLD has been the subject of a number of other reports. Robert W. Baird increased their target price on AmeriCold Realty Trust from $26.00 to $31.00 and gave the company an “outperform” rating in a research report on Wednesday, December 19th. SunTrust Banks increased their price target on AmeriCold Realty Trust to $32.00 and gave the company a “positive” rating in a report on Wednesday, November 21st. Raymond James increased their price target on AmeriCold Realty Trust from $27.00 to $28.50 and gave the company an “outperform” rating in a report on Tuesday, November 13th. Zacks Investment Research upgraded AmeriCold Realty Trust from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a report on Thursday, November 15th. Finally, ValuEngine upgraded AmeriCold Realty Trust from a “hold” rating to a “buy” rating in a report on Wednesday, January 9th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. AmeriCold Realty Trust has an average rating of “Buy” and an average target price of $30.14.

NYSE COLD opened at $30.29 on Wednesday. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.06. The company has a market cap of $4.48 billion, a PE ratio of 25.67, a PEG ratio of 2.54 and a beta of 0.79. AmeriCold Realty Trust has a one year low of $17.98 and a one year high of $30.57.

AmeriCold Realty Trust (NYSE:COLD) last posted its earnings results on Thursday, February 21st. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.24). The firm had revenue of $415.82 million for the quarter, compared to the consensus estimate of $416.40 million. AmeriCold Realty Trust had a net margin of 2.99% and a return on equity of 7.05%. On average, sell-side analysts expect that AmeriCold Realty Trust will post 1.19 EPS for the current year.

In related news, Director Ronald W. Burkle sold 38,422,583 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $27.47, for a total transaction of $1,055,468,355.01. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

A number of hedge funds have recently added to or reduced their stakes in COLD. California Public Employees Retirement System increased its stake in AmeriCold Realty Trust by 72.4% in the second quarter. California Public Employees Retirement System now owns 17,241 shares of the company’s stock worth $380,000 after purchasing an additional 7,241 shares during the period. Bank of New York Mellon Corp increased its stake in AmeriCold Realty Trust by 57.2% in the second quarter. Bank of New York Mellon Corp now owns 690,414 shares of the company’s stock worth $15,202,000 after purchasing an additional 251,160 shares during the period. First Trust Advisors LP purchased a new stake in AmeriCold Realty Trust in the third quarter worth $279,000. Victory Capital Management Inc. purchased a new stake in AmeriCold Realty Trust in the third quarter worth $20,933,000. Finally, Daiwa Securities Group Inc. increased its stake in AmeriCold Realty Trust by 40.3% in the third quarter. Daiwa Securities Group Inc. now owns 8,700 shares of the company’s stock worth $218,000 after purchasing an additional 2,500 shares during the period. Institutional investors and hedge funds own 79.28% 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 928 million refrigerated cubic feet of storage, in the United States, Australia, New Zealand, Canada, and Argentina.

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Analyst Recommendations for AmeriCold Realty Trust (NYSE:COLD)

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