Evercore ISI Reiterates $31.00 Price Target for Americold Realty Trust (NYSE:COLD)

Evercore ISI set a $31.00 price target on Americold Realty Trust (NYSE:COLDGet Rating) in a report published on Monday morning, Stock Target Advisor reports.

Several other equities research analysts have also issued reports on the stock. Barclays lifted their price target on shares of Americold Realty Trust from $27.00 to $29.00 and gave the company an underweight rating in a research note on Tuesday, June 14th. TheStreet lowered shares of Americold Realty Trust from a c- rating to a d+ rating in a research note on Thursday, March 17th. Bank of America upgraded shares of Americold Realty Trust from an underperform rating to a neutral rating and boosted their price objective for the stock from $28.00 to $30.00 in a research note on Thursday, June 2nd. Royal Bank of Canada lowered their price objective on shares of Americold Realty Trust from $36.00 to $34.00 and set an outperform rating on the stock in a research note on Wednesday, March 2nd. Finally, JPMorgan Chase & Co. lowered shares of Americold Realty Trust from an overweight rating to a neutral rating and lowered their price objective for the stock from $35.00 to $30.00 in a research note on Friday, February 25th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of Hold and an average target price of $33.70.

COLD opened at $29.02 on Monday. The stock has a market capitalization of $7.81 billion, a P/E ratio of -241.83, a P/E/G ratio of 6.85 and a beta of 0.34. Americold Realty Trust has a 12 month low of $23.96 and a 12 month high of $40.85. The firm’s fifty day simple moving average is $27.46 and its 200 day simple moving average is $28.47. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.15.

Americold Realty Trust (NYSE:COLDGet Rating) last posted its quarterly earnings data on Thursday, May 5th. The company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.01. The business had revenue of $705.70 million for the quarter, compared to analysts’ expectations of $686.89 million. Americold Realty Trust had a negative net margin of 1.20% and a negative return on equity of 0.84%. The firm’s revenue was up 11.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.30 EPS. On average, equities research analysts predict that Americold Realty Trust will post 0.93 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 15th. Stockholders of record on Thursday, June 30th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date of this dividend is Wednesday, June 29th. Americold Realty Trust’s dividend payout ratio (DPR) is presently -733.33%.

A number of hedge funds have recently added to or reduced their stakes in COLD. Whittier Trust Co. acquired a new position in Americold Realty Trust during the 4th quarter worth approximately $26,000. National Bank of Canada FI acquired a new position in Americold Realty Trust in the 4th quarter valued at approximately $27,000. Industrial Alliance Investment Management Inc. acquired a new position in Americold Realty Trust in the 4th quarter valued at approximately $27,000. Private Capital Group LLC increased its position in Americold Realty Trust by 75.3% in the 1st quarter. Private Capital Group LLC now owns 1,304 shares of the company’s stock valued at $37,000 after acquiring an additional 560 shares during the period. Finally, Parallel Advisors LLC increased its position in Americold Realty Trust by 158.9% in the 4th quarter. Parallel Advisors LLC now owns 1,476 shares of the company’s stock valued at $48,000 after acquiring an additional 906 shares during the period.

Americold Realty Trust Company Profile (Get Rating)

Americold is the world's largest publicly traded REIT focused on the ownership, operation, acquisition and development of temperature-controlled warehouses. Based in Atlanta, Georgia, Americold owns and operates 185 temperature-controlled warehouses, with over 1 billion refrigerated cubic feet of storage, in the United States, Australia, New Zealand, Canada, and Argentina.

Featured Stories

Analyst Recommendations for Americold Realty Trust (NYSE:COLD)

Receive News & Ratings for Americold Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Americold Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.