Americold Realty Trust (NYSE:COLD) Upgraded at Bank of America

Bank of America upgraded shares of Americold Realty Trust (NYSE:COLD) from an underperform rating to a neutral rating in a research note issued to investors on Tuesday morning, Marketbeat.com reports. Bank of America currently has $16.00 target price on the stock, up from their previous target price of $15.00.

COLD has been the topic of several other reports. Robert W. Baird set a $15.00 price target on Americold Realty Trust in a report on Friday, May 8th. Wall Street Zen upgraded Americold Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, June 20th. Wells Fargo & Company upped their price objective on Americold Realty Trust from $14.00 to $15.00 and gave the company an “equal weight” rating in a research report on Monday, June 1st. UBS Group increased their target price on Americold Realty Trust from $13.00 to $16.00 and gave the stock a “neutral” rating in a research note on Friday, July 17th. Finally, Citigroup lifted their target price on Americold Realty Trust from $14.00 to $15.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Four analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $15.63.

Americold Realty Trust Stock Performance

Shares of NYSE:COLD opened at $15.08 on Tuesday. The company has a market capitalization of $4.31 billion, a price-to-earnings ratio of -9.48 and a beta of 0.97. Americold Realty Trust has a 12 month low of $10.10 and a 12 month high of $16.88. The firm’s 50-day moving average is $15.00 and its 200 day moving average is $13.67. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.25.

Americold Realty Trust (NYSE:COLD) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.35 earnings per share for the quarter. Americold Realty Trust had a negative net margin of 17.44% and a negative return on equity of 16.14%. The company had revenue of $662.89 million for the quarter, compared to analyst estimates of $613.54 million. During the same period in the prior year, the company posted $0.36 EPS. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. Americold Realty Trust has set its FY 2026 guidance at 1.200-1.300 EPS. Research analysts predict that Americold Realty Trust will post 1.15 EPS for the current year.

Institutional Trading of Americold Realty Trust

A number of large investors have recently modified their holdings of the company. Ameriflex Group Inc. purchased a new position in Americold Realty Trust during the 4th quarter worth $26,000. Geneos Wealth Management Inc. raised its position 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 purchasing an additional 806 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Americold Realty Trust by 63.3% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 2,446 shares of the company’s stock worth $30,000 after buying an additional 948 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of Americold Realty Trust by 51.1% in the 4th quarter. Farther Finance Advisors LLC now owns 2,786 shares of the company’s stock worth $36,000 after buying an additional 942 shares during the period. Finally, EverSource Wealth Advisors LLC grew its position in shares of Americold Realty Trust by 106.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,781 shares of the company’s stock worth $36,000 after buying an additional 1,432 shares in the last quarter. 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.