Raymond James Issues Pessimistic Forecast for Americold Realty Trust (NYSE:COLD) Stock Price

Americold Realty Trust (NYSE:COLD) had its target price dropped by equities research analysts at Raymond James from $31.00 to $27.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Raymond James’ price objective would suggest a potential upside of 19.21% from the company’s current price.

Other research analysts also recently issued research reports about the company. Barclays reduced their price target on Americold Realty Trust from $28.00 to $26.00 and set an “equal weight” rating on the stock in a report on Monday, November 18th. Scotiabank cut their target price on Americold Realty Trust from $31.00 to $27.00 and set a “sector outperform” rating on the stock in a research note on Tuesday. Robert W. Baird reduced their price target on shares of Americold Realty Trust from $31.00 to $28.00 and set an “outperform” rating for the company in a research report on Friday, November 8th. Royal Bank of Canada decreased their price objective on shares of Americold Realty Trust from $33.00 to $30.00 and set an “outperform” rating for the company in a report on Wednesday, November 13th. Finally, Wells Fargo & Company boosted their price target on Americold Realty Trust from $24.00 to $30.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 28th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Americold Realty Trust currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.17.

Americold Realty Trust Price Performance

Shares of NYSE:COLD opened at $22.65 on Wednesday. Americold Realty Trust has a twelve month low of $21.53 and a twelve month high of $30.92. The firm has a market capitalization of $6.44 billion, a PE ratio of -22.43, a P/E/G ratio of 1.83 and a beta of 0.59. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.11. The company has a 50-day moving average price of $24.79 and a two-hundred day moving average price of $26.77.

Americold Realty Trust (NYSE:COLD) last released its quarterly 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 analysts’ expectations of $663.87 million. During the same quarter last year, the firm earned $0.32 earnings per share. The firm’s revenue for the quarter was up .9% on a year-over-year basis. Equities analysts forecast that Americold Realty Trust will post 1.38 EPS for the current year.

Insider Buying and Selling at Americold Realty Trust

In other Americold Realty Trust news, SVP Robert E. Harris sold 1,836 shares of the stock in a transaction dated 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 transaction, the senior vice president now owns 1,837 shares of the company’s stock, valued at $41,589.68. This represents a 49.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.17% of the company’s stock.

Institutional Trading of Americold Realty Trust

Hedge funds have recently modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. lifted its position in Americold Realty Trust by 9.6% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,412,678 shares of the company’s stock worth $39,936,000 after buying an additional 123,776 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Americold Realty Trust by 4.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,900,054 shares of the company’s stock valued at $110,255,000 after purchasing an additional 165,667 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Americold Realty Trust in the 2nd quarter worth $226,000. Foresight Group Ltd Liability Partnership grew its position in shares of Americold Realty Trust by 231.7% during the 3rd quarter. Foresight Group Ltd Liability Partnership now owns 73,540 shares of the company’s stock worth $2,079,000 after buying an additional 51,372 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new stake in shares of Americold Realty Trust in the third quarter valued at about $8,370,000. 98.14% of the stock is owned by hedge funds and other institutional investors.

Americold Realty Trust Company Profile

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.