Raymond James Cuts Americold Realty Trust (NYSE:COLD) Price Target to $27.00

Americold Realty Trust (NYSE:COLD) had its target price decreased by Raymond James from $31.00 to $27.00 in a research note published on Wednesday morning,Benzinga reports. Raymond James currently has an outperform rating on the stock.

Several other analysts have also recently issued reports on COLD. Citigroup decreased their target price on shares of Americold Realty Trust from $30.00 to $25.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 4th. Royal Bank of Canada decreased their price objective on Americold Realty Trust from $33.00 to $30.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 13th. Evercore ISI lifted their target price on Americold Realty Trust from $33.00 to $34.00 and gave the stock an “outperform” rating in a report on Wednesday, August 28th. Truist Financial decreased their price target on Americold Realty Trust from $33.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, December 5th. Finally, Robert W. Baird dropped their price objective on shares of Americold Realty Trust from $31.00 to $28.00 and set an “outperform” rating for the company in a research note on Friday, November 8th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $29.17.

Americold Realty Trust Price Performance

Shares of Americold Realty Trust stock opened at $22.79 on Wednesday. The firm has a market cap of $6.48 billion, a PE ratio of -22.56, a PEG ratio of 1.80 and a beta of 0.59. The stock has a 50 day moving average of $24.51 and a 200 day moving average of $26.69. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.11. Americold Realty Trust has a 12 month low of $21.53 and a 12 month high of $30.92.

Americold Realty Trust (NYSE:COLD) last posted its earnings results on Thursday, November 7th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.35). Americold Realty Trust had a negative net margin of 10.63% and a negative return on equity of 8.08%. The firm had revenue of $674.17 million for the quarter, compared to the consensus estimate of $663.87 million. During the same quarter in the prior year, the company posted $0.32 earnings per share. The firm’s revenue was up .9% compared to the same quarter last year. On average, research analysts expect that Americold Realty Trust will post 1.38 EPS for the current fiscal year.

Insider Activity

In other news, SVP Robert E. Harris sold 1,836 shares of Americold Realty Trust stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $22.64, for a total transaction of $41,567.04. Following the completion of the sale, the senior vice president now owns 1,837 shares of the company’s stock, valued at approximately $41,589.68. The trade was a 49.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.17% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. FMR LLC lifted its holdings in shares of Americold Realty Trust by 40.8% in the 3rd quarter. FMR LLC now owns 13,261,431 shares of the company’s stock worth $374,901,000 after buying an additional 3,844,603 shares during the period. Principal Financial Group Inc. lifted its stake in Americold Realty Trust by 30.8% in the second quarter. Principal Financial Group Inc. now owns 15,300,802 shares of the company’s stock worth $390,783,000 after acquiring an additional 3,602,337 shares during the period. Deprince Race & Zollo Inc. grew its holdings in Americold Realty Trust by 2,542.7% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 1,712,317 shares of the company’s stock worth $43,733,000 after acquiring an additional 1,647,522 shares in the last quarter. Darlington Partners Capital Management LP increased its position in Americold Realty Trust by 15.1% during the 2nd quarter. Darlington Partners Capital Management LP now owns 9,018,040 shares of the company’s stock valued at $230,321,000 after purchasing an additional 1,183,571 shares during the period. Finally, AQR Capital Management LLC raised its holdings in shares of Americold Realty Trust by 2,175.4% in the 2nd quarter. AQR Capital Management LLC now owns 1,087,628 shares of the company’s stock valued at $27,071,000 after purchasing an additional 1,039,828 shares in the last quarter. Institutional investors own 98.14% of the company’s stock.

About Americold Realty Trust

Americold is a global leader in temperature-controlled logistics real estate and value added services. Focused on the ownership, operation, acquisition and development of temperature-controlled warehouses, Americold owns and/or operates 245 temperature-controlled warehouses, with approximately 1.5 billion refrigerated cubic feet of storage, in North America, Europe, Asia-Pacific, and South America.