Americold Realty Trust (NYSE:COLD) Stock Rating Upgraded by Bank of America

Americold Realty Trust (NYSE:COLD) was upgraded by analysts at Bank of America from an “underperform” rating to a “neutral” rating in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has a $16.00 price target on the stock, up from their previous price target of $15.00. Bank of America‘s target price would suggest a potential upside of 10.57% from the stock’s previous close.

A number of other analysts have also issued reports on COLD. Robert W. Baird set a $15.00 price target on shares of Americold Realty Trust in a research note on Friday, May 8th. Evercore reissued an “outperform” rating and issued a $19.00 price objective on shares of Americold Realty Trust in a research note on Friday, August 7th. Citigroup lifted their price objective on shares of Americold Realty Trust from $14.00 to $15.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. Wells Fargo & Company upped their target price on shares of Americold Realty Trust from $14.00 to $15.00 and gave the stock an “equal weight” rating in a research note on Monday, June 1st. Finally, Wall Street Zen upgraded shares of Americold Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, June 20th. Four investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $15.61.

Americold Realty Trust Stock Down 2.8%

Americold Realty Trust stock opened at $14.47 on Tuesday. The company has a market capitalization of $4.13 billion, a PE ratio of -9.10 and a beta of 0.97. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.10 and a current ratio of 0.10. Americold Realty Trust has a fifty-two week low of $10.10 and a fifty-two week high of $16.88. The firm has a 50 day moving average price of $14.97 and a 200 day moving average price of $13.62.

Americold Realty Trust (NYSE:COLD) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.35 EPS for the quarter. Americold Realty Trust had a negative return on equity of 16.14% and a negative net margin of 17.44%.The company had revenue of $662.89 million for the quarter, compared to analysts’ expectations of $613.54 million. During the same period in the prior year, the firm earned $0.36 earnings per share. The firm’s revenue was up 1.9% compared to the same quarter last year. Americold Realty Trust has set its FY 2026 guidance at 1.200-1.300 EPS. Research analysts expect that Americold Realty Trust will post 1.15 earnings per share for the current year.

Institutional Trading of Americold Realty Trust

Hedge funds and other institutional investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. boosted its position in shares of 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 acquiring an additional 626,160 shares in the last quarter. Empowered Funds LLC purchased a new position in shares of Americold Realty Trust in the 1st quarter valued at about $240,000. Jane Street Group LLC raised its position in shares of Americold Realty Trust by 8.7% during the 1st quarter. Jane Street Group LLC now owns 71,335 shares of the company’s stock worth $1,531,000 after acquiring an additional 5,693 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of Americold Realty Trust during the 2nd quarter worth about $86,000. Finally, EverSource Wealth Advisors LLC raised its position in shares of Americold Realty Trust by 252.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,224 shares of the company’s stock worth $37,000 after acquiring an additional 1,593 shares in the last quarter. 98.14% of the stock is currently owned by institutional investors and hedge funds.

Americold Realty Trust Company Profile

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.