Americold Realty Trust (NYSE:COLD) Price Target Raised to $14.00

Americold Realty Trust (NYSE:COLD) had its price target boosted by equities research analysts at Citigroup from $11.00 to $14.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Citigroup’s price objective points to a potential upside of 6.91% from the company’s current price.

A number of other research firms have also recently weighed in on COLD. Scotiabank lifted their price objective on shares of Americold Realty Trust from $12.00 to $14.00 and gave the company a “sector perform” rating in a report on Friday, January 9th. JPMorgan Chase & Co. reduced their price target on shares of Americold Realty Trust from $15.00 to $12.00 and set an “underweight” rating for the company in a research report on Friday, November 14th. Bank of America lowered Americold Realty Trust from a “buy” rating to an “underperform” rating and set a $13.00 price objective for the company. in a research note on Thursday, February 5th. Robert W. Baird restated a “neutral” rating and issued a $13.00 target price (down from $16.00) on shares of Americold Realty Trust in a research report on Thursday, December 18th. Finally, Evercore set a $14.00 price target on Americold Realty Trust in a research note on Friday, February 20th. Three analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Americold Realty Trust currently has an average rating of “Hold” and a consensus price target of $14.15.

Americold Realty Trust Trading Up 0.1%

NYSE:COLD traded up $0.02 during mid-day trading on Wednesday, hitting $13.10. 2,560,011 shares of the stock traded hands, compared to its average volume of 5,119,377. The stock has a market capitalization of $3.73 billion, a price-to-earnings ratio of -32.71, a PEG ratio of 4.72 and a beta of 0.91. The firm’s 50 day moving average is $12.85 and its two-hundred day moving average is $12.84. Americold Realty Trust has a 52 week low of $10.10 and a 52 week high of $23.52. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.16.

Americold Realty Trust (NYSE:COLD) last posted its quarterly earnings data on Thursday, February 19th. The company reported ($0.31) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.68). The business had revenue of $658.45 million for the quarter, compared to analysts’ expectations of $654.55 million. Americold Realty Trust had a negative net margin of 4.40% and a negative return on equity of 3.64%. Americold Realty Trust’s revenue was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.37 EPS. Americold Realty Trust has set its FY 2026 guidance at 1.200-1.300 EPS. On average, equities research analysts predict that Americold Realty Trust will post 1.47 earnings per share for the current year.

Hedge Funds Weigh In On Americold Realty Trust

Hedge funds have recently made changes to their positions in the stock. Goldman Sachs Group Inc. grew its stake in Americold Realty Trust by 42.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,098,104 shares of the company’s stock worth $45,025,000 after buying an additional 626,160 shares during the last quarter. Empowered Funds LLC purchased a new position in Americold Realty Trust in the first quarter worth $240,000. Jane Street Group LLC lifted its holdings in Americold Realty Trust by 8.7% in the first quarter. Jane Street Group LLC now owns 71,335 shares of the company’s stock valued at $1,531,000 after acquiring an additional 5,693 shares during the period. Ethic Inc. purchased a new stake in shares of Americold Realty Trust during the 2nd quarter worth $297,000. Finally, AlphaQuest LLC grew its stake in shares of Americold Realty Trust by 7.3% during the 2nd quarter. AlphaQuest LLC now owns 9,334 shares of the company’s stock worth $155,000 after purchasing an additional 633 shares during the period. 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.