Americold Realty Trust (NYSE:COLD) Stock Price Target Cut by UBS Group

Americold Realty Trust (NYSE:COLD) had its price target cut by equities research analysts at UBS Group from $16.00 to $14.00 in a research note issued on Tuesday, Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group’s price target points to a potential upside of 1.93% from the stock’s current price.

Several other analysts have also recently commented on the company. Bank of America upgraded Americold Realty Trust from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $15.00 to $16.00 in a report on Tuesday, August 18th. Weiss Ratings lowered Americold Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, August 11th. Evercore reaffirmed an “outperform” rating and issued a $19.00 price target on shares of Americold Realty Trust in a report on Friday, August 7th. Scotiabank upgraded shares of Americold Realty Trust from a “sector perform” rating to a “sector outperform” rating and set a $16.00 price target on the stock in a research report on Friday, October 2nd. Finally, KeyCorp reissued an “overweight” rating on shares of Americold Realty Trust in a report on Monday, August 10th. Five research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $15.46.

Americold Realty Trust Stock Down 0.6%

NYSE COLD opened at $13.73 on Tuesday. The firm has a market cap of $3.92 billion, a PE ratio of -8.64 and a beta of 0.92. Americold Realty Trust has a one year low of $10.10 and a one year high of $16.88. The stock’s 50 day simple moving average is $14.46 and its 200 day simple moving average is $14.30. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.10 and a quick ratio of 0.10.

Americold Realty Trust (NYSE:COLD) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.35 earnings per share for the quarter. Americold Realty Trust had a negative return on equity of 16.14% and a negative net margin of 17.44%. The firm had revenue of $662.89 million during the quarter, compared to analysts’ expectations of $613.54 million. During the same period last year, the firm posted $0.36 EPS. The business’s revenue 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. As a group, sell-side analysts forecast that Americold Realty Trust will post 1.22 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of COLD. BlackRock Inc. bought a new position in Americold Realty Trust in the 2nd quarter valued at $350,837,000. Ancora Advisors LLC bought a new stake in shares of Americold Realty Trust during the second quarter worth $163,962,000. Canada Pension Plan Investment Board bought a new stake in shares of Americold Realty Trust during the second quarter worth $126,564,000. Alyeska Investment Group L.P. raised its position in shares of Americold Realty Trust by 17.2% during the second quarter. Alyeska Investment Group L.P. now owns 5,583,153 shares of the company’s stock worth $87,767,000 after acquiring an additional 817,860 shares during the last quarter. Finally, Lasalle Investment Management Securities LLC lifted its stake in shares of Americold Realty Trust by 2.3% during the first quarter. Lasalle Investment Management Securities LLC now owns 6,962,583 shares of the company’s stock valued at $79,791,000 after acquiring an additional 157,627 shares during the period. Institutional investors and hedge funds own 98.14% of the company’s stock.

Americold Realty Trust Company Profile

Americold Realty Trust, Inc is a real estate investment trust that owns, operates and develops temperature-controlled warehouses and distribution facilities. Through its operating platform, Americold Logistics, the company provides refrigerated and frozen storage, handling, transportation and supply-chain services for food producers, retailers, distributors and other customers.

Its facilities support the movement of perishable products, including meat, seafood, dairy, fruit, vegetables, prepared foods and pharmaceuticals.