JPMorgan Chase & Co. Lowers Americold Realty Trust (NYSE:COLD) Price Target to $12.00

Americold Realty Trust (NYSE:COLD) had its price target reduced by investment analysts at JPMorgan Chase & Co. from $15.00 to $12.00 in a report issued on Friday,Benzinga reports. The brokerage currently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 12.94% from the company’s previous close.

COLD has been the subject of a number of other research reports. Robert W. Baird decreased their price objective on shares of Americold Realty Trust from $23.00 to $19.00 and set an “outperform” rating for the company in a report on Wednesday, August 13th. UBS Group decreased their price target on shares of Americold Realty Trust from $14.00 to $12.00 and set a “neutral” rating for the company in a research note on Monday. Weiss Ratings reiterated a “sell (d+)” rating on shares of Americold Realty Trust in a research note on Wednesday, October 8th. Wall Street Zen lowered Americold Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, October 4th. Finally, Wells Fargo & Company cut their price target on Americold Realty Trust from $18.00 to $15.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 27th. Five investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Americold Realty Trust has an average rating of “Hold” and an average price target of $16.62.

Americold Realty Trust Stock Performance

Shares of NYSE COLD traded down $0.10 during midday trading on Friday, reaching $10.63. The company’s stock had a trading volume of 1,670,694 shares, compared to its average volume of 3,865,889. The stock has a market capitalization of $3.03 billion, a P/E ratio of -56.13, a PEG ratio of 4.00 and a beta of 0.84. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.12 and a quick ratio of 0.12. The firm has a 50 day moving average price of $12.95 and a 200-day moving average price of $15.28. Americold Realty Trust has a 12-month low of $10.53 and a 12-month high of $24.22.

Americold Realty Trust (NYSE:COLD) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.35 earnings per share for the quarter, hitting the consensus estimate of $0.35. Americold Realty Trust had a negative return on equity of 1.68% and a negative net margin of 2.09%.The business had revenue of $663.67 million for the quarter, compared to analysts’ expectations of $659.51 million. During the same quarter in the previous year, the firm earned $0.35 earnings per share. The business’s revenue was down 1.6% on a year-over-year basis. Americold Realty Trust has set its FY 2025 guidance at 1.390-1.450 EPS. As a group, equities analysts predict that Americold Realty Trust will post 1.47 earnings per share for the current year.

Institutional Trading of Americold Realty Trust

Several institutional investors and hedge funds have recently bought and sold shares of COLD. Cerity Partners LLC bought a new stake in Americold Realty Trust during the first quarter valued at $237,000. Xponance Inc. lifted its stake in Americold Realty Trust by 4.5% during the first quarter. Xponance Inc. now owns 13,561 shares of the company’s stock worth $291,000 after purchasing an additional 581 shares during the last quarter. New York State Common Retirement Fund increased its position in shares of Americold Realty Trust by 0.9% during the 1st quarter. New York State Common Retirement Fund now owns 342,940 shares of the company’s stock valued at $7,359,000 after purchasing an additional 3,156 shares during the last quarter. CWM LLC boosted its stake in Americold Realty Trust by 156.4% in the first quarter. CWM LLC now owns 11,560 shares of the company’s stock worth $248,000 after buying an additional 7,051 shares in the last quarter. Finally, Bleakley Financial Group LLC purchased a new position in shares of Americold Realty Trust during the first quarter worth approximately $245,000. 98.14% of the stock is currently owned by hedge funds and other institutional investors.

About Americold Realty Trust

Americold Realty Trust, Inc is a real estate investment trust, which focuses on the ownership, operation, development, and acquisition of temperature-controlled warehouses. It operates through the following segments: Warehouse, Third-Party Managed, Transportation, and Other. The Warehouse segment collects rent and storage fees from customers to store frozen and perishable food and other products within the firm’s real estate portfolio.