Americold Realty Trust (NYSE:COLD) Given New $16.00 Price Target at UBS Group

Americold Realty Trust (NYSE:COLD) had its target price raised by analysts at UBS Group from $14.00 to $16.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. UBS Group‘s price target would indicate a potential downside of 0.93% from the company’s previous close.

Several other research analysts have also commented on COLD. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Americold Realty Trust in a report on Wednesday, November 4th. Scotiabank upgraded shares of Americold Realty Trust from a “sector perform” rating to a “sector outperform” rating and set a $16.00 price objective on the stock in a research note on Friday, October 2nd. DA Davidson set a $16.00 price objective on shares of Americold Realty Trust in a research note on Tuesday, August 18th. Bank of America raised shares of Americold Realty Trust from an “underperform” rating to a “neutral” rating and raised their target price for the stock from $15.00 to $16.00 in a report on Tuesday, August 18th. Finally, Evercore restated an “outperform” rating and issued a $19.00 target price on shares of Americold Realty Trust in a research note on Friday, August 7th. Five investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Americold Realty Trust currently has an average rating of “Hold” and a consensus target price of $15.61.

Americold Realty Trust Stock Performance

Americold Realty Trust stock traded up $0.01 during mid-day trading on Wednesday, reaching $16.15. The company’s stock had a trading volume of 5,826,023 shares, compared to its average volume of 4,345,625. The firm has a market cap of $4.61 billion, a price-to-earnings ratio of 19.46 and a beta of 0.93. The business has a 50 day moving average price of $14.42 and a 200-day moving average price of $13.88. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.13. Americold Realty Trust has a twelve month low of $10.10 and a twelve month high of $16.88.

Americold Realty Trust (NYSE:COLD) last released its earnings results on Thursday, November 5th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.37. The firm had revenue of $691.56 million during the quarter, compared to analyst estimates of $640.82 million. Americold Realty Trust had a net margin of 9.03% and a return on equity of 8.44%. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.35 earnings per share. Sell-side analysts predict that Americold Realty Trust will post 1.22 EPS for the current fiscal year.

Institutional Investors Weigh In On Americold Realty Trust

Hedge funds have recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. bought a new position in shares of Americold Realty Trust during the third quarter worth about $107,000. Westpac Banking Corp increased its holdings in shares of Americold Realty Trust by 677.1% in the 3rd quarter. Westpac Banking Corp now owns 52,181 shares of the company’s stock worth $729,000 after acquiring an additional 45,466 shares during the period. Private Advisor Group LLC acquired a new stake in shares of Americold Realty Trust in the 3rd quarter worth about $574,000. Landscape Capital Management L.L.C. acquired a new stake in shares of Americold Realty Trust in the 3rd quarter worth about $242,000. Finally, Voya Investment Management LLC lifted its position in Americold Realty Trust by 6.2% in the 3rd quarter. Voya Investment Management LLC now owns 23,199 shares of the company’s stock valued at $324,000 after purchasing an additional 1,345 shares during the last quarter. 98.14% of the stock is currently owned by institutional investors.

Americold Realty Trust Company Profile

Americold Realty Trust is a real estate investment trust that owns and operates temperature-controlled warehouses and provides logistics services for the food supply chain. Its facilities help customers store and move perishable products, including food produced by manufacturers and processors and products distributed to retailers and food-service businesses. The company offers refrigerated and frozen storage, handling, transportation and other supply chain services. It also manages temperature-controlled facilities for third parties, combining warehouse space with operational support for customers’ distribution needs.