Americold Realty Trust (NYSE:COLD) Price Target Raised to $26.00

Americold Realty Trust (NYSE:COLD) had its price target hoisted by Barclays from $25.00 to $26.00 in a research report issued on Friday, Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s price target indicates a potential upside of 2.28% from the stock’s current price.

Other research analysts have also recently issued research reports about the company. Raymond James upgraded Americold Realty Trust from a “market perform” rating to an “outperform” rating and set a $31.00 price target on the stock in a research note on Thursday, February 29th. Royal Bank of Canada cut their target price on 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 initiated coverage on shares of Americold Realty Trust in a research note on Thursday, April 25th. They issued an “equal weight” rating and a $24.00 price target for the company. Scotiabank upgraded shares of Americold Realty Trust from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the company from $27.00 to $30.00 in a research note on Thursday. Finally, KeyCorp dropped their target price on shares of Americold Realty Trust from $37.00 to $32.00 and set an “overweight” rating for the company in a research report on Friday, March 22nd. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $30.78.

Americold Realty Trust Stock Up 0.6 %

Shares of NYSE COLD traded up $0.16 during trading on Friday, reaching $25.42. 317,034 shares of the stock were exchanged, compared to its average volume of 2,337,264. Americold Realty Trust has a twelve month low of $21.87 and a twelve month high of $33.90. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $7.22 billion, a price-to-earnings ratio of -21.70, a price-to-earnings-growth ratio of 1.91 and a beta of 0.54. The business’s 50-day moving average price is $23.86 and its 200 day moving average price is $26.58.

Hedge Funds Weigh In On Americold Realty Trust

Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Americold Realty Trust by 2.9% in the 1st quarter. Vanguard Group Inc. now owns 39,426,534 shares of the company’s stock valued at $982,509,000 after purchasing an additional 1,095,116 shares during the last quarter. Norges Bank bought a new stake in shares of Americold Realty Trust during the fourth quarter valued at approximately $677,077,000. Principal Financial Group Inc. grew its holdings in Americold Realty Trust by 49.6% in the 1st quarter. Principal Financial Group Inc. now owns 11,698,465 shares of the company’s stock worth $291,526,000 after buying an additional 3,879,632 shares in the last quarter. FMR LLC increased its position in Americold Realty Trust by 76,044.2% in the 3rd quarter. FMR LLC now owns 6,243,067 shares of the company’s stock valued at $189,852,000 after acquiring an additional 6,234,868 shares during the period. Finally, Invesco Ltd. raised its stake in Americold Realty Trust by 9.8% during the 3rd quarter. Invesco Ltd. now owns 6,207,106 shares of the company’s stock valued at $188,758,000 after acquiring an additional 552,287 shares in the last quarter. Institutional investors and hedge funds own 98.14% of the company’s stock.

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.