Scotiabank Forecasts Strong Price Appreciation for Americold Realty Trust (NYSE:COLD) Stock

Americold Realty Trust (NYSE:COLD) had its price target lifted by Scotiabank from $14.00 to $15.50 in a research report issued on Thursday, MarketBeat reports. The firm currently has a “sector perform” rating on the stock. Scotiabank’s target price suggests a potential upside of 8.83% from the company’s previous close.

COLD has been the subject of a number of other research reports. Evercore set a $17.00 price objective on shares of Americold Realty Trust in a research report on Friday, May 8th. Citigroup upped their price objective on shares of Americold Realty Trust from $14.00 to $15.00 and gave the stock a “neutral” rating in a research report on Thursday. Wells Fargo & Company upped their price objective on shares of Americold Realty Trust from $11.00 to $14.00 and gave the stock an “equal weight” rating in a research report on Monday, March 2nd. Weiss Ratings reiterated a “sell (d)” rating on shares of Americold Realty Trust in a research report on Friday, March 27th. Finally, Robert W. Baird set a $15.00 price objective on shares of Americold Realty Trust in a research report on Friday, May 8th. Three analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $14.67.

Americold Realty Trust Trading Down 2.4%

NYSE COLD opened at $14.24 on Thursday. The company has a market capitalization of $4.06 billion, a PE ratio of -36.52 and a beta of 0.89. The company has a fifty day moving average of $12.31 and a 200 day moving average of $12.34. Americold Realty Trust has a 1 year low of $10.10 and a 1 year high of $18.25. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.11 and a quick ratio of 0.11.

Americold Realty Trust (NYSE:COLD) last posted its earnings results on Thursday, May 7th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.33. The company had revenue of $629.87 million during the quarter, compared to the consensus estimate of $613.77 million. Americold Realty Trust had a negative net margin of 4.29% and a negative return on equity of 3.73%. The firm’s quarterly revenue was up .2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.34 earnings per share. Americold Realty Trust has set its FY 2026 guidance at 1.200-1.300 EPS. Research analysts forecast that Americold Realty Trust will post 1.18 earnings per share for the current year.

Institutional Trading of Americold Realty Trust

Large investors have recently bought and sold shares of the business. LRI Investments LLC grew its stake in Americold Realty Trust by 90.4% during the 3rd quarter. LRI Investments LLC now owns 2,161 shares of the company’s stock valued at $26,000 after acquiring an additional 1,026 shares in the last quarter. Ameriflex Group Inc. purchased a new stake in Americold Realty Trust during the 4th quarter valued at about $26,000. Geneos Wealth Management Inc. grew its stake in Americold Realty Trust by 100.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,612 shares of the company’s stock valued at $27,000 after acquiring an additional 806 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its stake in Americold Realty Trust by 63.3% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 2,446 shares of the company’s stock valued at $30,000 after acquiring an additional 948 shares in the last quarter. Finally, Avalon Trust Co purchased a new stake in Americold Realty Trust during the 3rd quarter valued at about $32,000. Hedge funds and other institutional investors own 98.14% of the company’s stock.

About Americold Realty Trust

Americold Realty Trust is a real estate investment trust specializing in temperature-controlled warehousing and logistics solutions. The company owns, operates, and develops a global network of cold storage facilities designed to support the storage, handling, and distribution of perishable products. Services include blast freezing, repacking, labeling, cross-docking, and transportation management, all integrated to streamline clients’ cold chain operations and help ensure product quality and safety from origin to point of consumption.

With roots dating back to the early 20th century, Americold has expanded through strategic acquisitions and facility development to become one of the world’s largest publicly traded cold storage providers.