JPMorgan Chase & Co. Issues Pessimistic Forecast for Americold Realty Trust (NYSE:COLD) Stock Price

Americold Realty Trust (NYSE:COLD) had its price objective cut by equities research analysts at JPMorgan Chase & Co. from $15.00 to $12.00 in a research report issued on Friday,Benzinga reports. The firm presently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 12.94% from the stock’s previous close.

COLD has been the subject of a number of other reports. Scotiabank lowered their price objective on Americold Realty Trust from $14.00 to $12.00 and set a “sector perform” rating for the company in a research report on Wednesday. Zacks Research cut shares of Americold Realty Trust from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 9th. Weiss Ratings restated a “sell (d+)” rating on shares of Americold Realty Trust in a report on Wednesday, October 8th. Wall Street Zen lowered Americold Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, October 4th. Finally, Royal Bank Of Canada cut Americold Realty Trust from a “moderate buy” rating to a “hold” rating in a research note on Friday, November 7th. Five equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $16.62.

Americold Realty Trust Trading Down 0.9%

NYSE:COLD traded down $0.10 during mid-day trading on Friday, hitting $10.63. 1,670,694 shares of the company’s stock were exchanged, compared to its average volume of 3,865,889. Americold Realty Trust has a fifty-two week low of $10.53 and a fifty-two week high of $24.22. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $3.03 billion, a P/E ratio of -56.13, a PEG ratio of 4.00 and a beta of 0.84. The company has a 50 day simple moving average of $12.95 and a 200-day simple moving average of $15.28.

Americold Realty Trust (NYSE:COLD) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.35 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.35. The firm had revenue of $663.67 million during the quarter, compared to the consensus estimate of $659.51 million. Americold Realty Trust had a negative net margin of 2.09% and a negative return on equity of 1.68%. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.35 earnings per share. Americold Realty Trust has set its FY 2025 guidance at 1.390-1.450 EPS. As a group, research analysts expect that Americold Realty Trust will post 1.47 earnings per share for the current year.

Institutional Investors Weigh In On Americold Realty Trust

Institutional investors and hedge funds have recently made changes to their positions in the business. Concentric Capital Strategies LP bought a new position in Americold Realty Trust in the 3rd quarter valued at about $548,000. Squarepoint Ops LLC grew its holdings in Americold Realty Trust by 364.9% during the third quarter. Squarepoint Ops LLC now owns 161,801 shares of the company’s stock worth $1,980,000 after buying an additional 126,998 shares in the last quarter. Private Management Group Inc. raised its position in Americold Realty Trust by 80.5% in the 3rd quarter. Private Management Group Inc. now owns 4,004,568 shares of the company’s stock valued at $49,016,000 after buying an additional 1,786,218 shares during the last quarter. FORA Capital LLC raised its position in Americold Realty Trust by 10.3% in the 3rd quarter. FORA Capital LLC now owns 20,882 shares of the company’s stock valued at $256,000 after buying an additional 1,942 shares during the last quarter. Finally, Baupost Group LLC MA bought a new position in Americold Realty Trust during the 3rd quarter valued at $44,064,000. 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, which focuses on the ownership, operation, development, and acquisition of temperature-controlled warehouses. It operates through the following segments: Warehouse, Third-Party Managed, Transportation, and Other. The Warehouse segment collects rent and storage fees from customers to store frozen and perishable food and other products within the firm’s real estate portfolio.