Americold Realty Trust’s (COLD) “Sector Perform” Rating Reaffirmed at Royal Bank Of Canada

Americold Realty Trust (NYSE:COLD)‘s stock had its “sector perform” rating restated by investment analysts at Royal Bank Of Canada in a report issued on Monday,Benzinga reports. They presently have a $16.00 price objective on the stock. Royal Bank Of Canada’s target price points to a potential upside of 10.44% from the stock’s previous close.

Other research analysts have also issued research reports about the company. Robert W. Baird set a $15.00 price target on Americold Realty Trust in a report on Friday, May 8th. Wells Fargo & Company raised their price objective on shares of Americold Realty Trust from $14.00 to $15.00 and gave the stock an “equal weight” rating in a research report on Monday, June 1st. KeyCorp restated an “overweight” rating on shares of Americold Realty Trust in a research report on Monday, August 10th. Citigroup lifted their target price on shares of Americold Realty Trust from $14.00 to $15.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. Finally, Evercore reiterated an “outperform” rating and issued a $19.00 target price on shares of Americold Realty Trust in a report on Friday, August 7th. Four investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, Americold Realty Trust has an average rating of “Hold” and an average target price of $15.39.

Americold Realty Trust Trading Down 2.6%

NYSE COLD traded down $0.39 on Monday, reaching $14.49. 75,621 shares of the company were exchanged, compared to its average volume of 4,529,302. The business’s fifty day moving average price is $14.97 and its 200 day moving average price is $13.61. The stock has a market capitalization of $4.14 billion, a P/E ratio of -9.14 and a beta of 0.97. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.25. Americold Realty Trust has a fifty-two week low of $10.10 and a fifty-two week high of $16.88.

Institutional Investors Weigh In On Americold Realty Trust

Institutional investors and hedge funds have recently made changes to their positions in the stock. Ameriflex Group Inc. purchased a new stake in Americold Realty Trust in the fourth quarter valued at approximately $26,000. Geneos Wealth Management Inc. boosted its position in shares of Americold Realty Trust by 100.0% during the second quarter. Geneos Wealth Management Inc. now owns 1,612 shares of the company’s stock worth $27,000 after buying an additional 806 shares during the period. Caitong International Asset Management Co. Ltd grew its stake in shares of Americold Realty Trust by 63.3% in the third quarter. Caitong International Asset Management Co. Ltd now owns 2,446 shares of the company’s stock valued at $30,000 after buying an additional 948 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of Americold Realty Trust by 51.1% in the fourth quarter. Farther Finance Advisors LLC now owns 2,786 shares of the company’s stock valued at $36,000 after buying an additional 942 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Americold Realty Trust by 106.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,781 shares of the company’s stock valued at $36,000 after buying an additional 1,432 shares during the period. 98.14% of the stock is owned by hedge funds and other institutional investors.

About Americold Realty Trust

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.