Americold Realty Trust (NYSE:COLD) Upgraded by JPMorgan Chase & Co. to Neutral Rating

Americold Realty Trust (NYSE:COLD) was upgraded by equities researchers at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating in a research note issued to investors on Thursday, Marketbeat Ratings reports. The firm currently has a $16.00 price target on the stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 11.54% from the company’s previous close.

COLD has been the subject of several other research reports. UBS Group raised their price target on shares of Americold Realty Trust from $13.00 to $16.00 and gave the company a “neutral” rating in a research note on Friday, July 17th. Wells Fargo & Company lifted their target price on Americold Realty Trust from $14.00 to $15.00 and gave the stock an “equal weight” rating in a report on Monday, June 1st. Weiss Ratings cut Americold Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, August 11th. Piper Sandler increased their target price on shares of Americold Realty Trust from $13.00 to $17.00 and gave the company a “neutral” rating in a research report on Tuesday, July 21st. Finally, Scotiabank upped their price objective on shares of Americold Realty Trust from $15.00 to $16.00 and gave the company a “sector perform” rating in a research note on Thursday, August 13th. Four research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $15.90.

Americold Realty Trust Stock Performance

NYSE COLD opened at $14.34 on Thursday. The firm’s fifty day moving average price is $14.71 and its two-hundred day moving average price is $13.99. The stock has a market cap of $4.09 billion, a PE ratio of -9.02 and a beta of 0.98. 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.

Americold Realty Trust (NYSE:COLD) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.35 earnings per share 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 the consensus estimate of $613.54 million. During the same quarter last year, the business posted $0.36 EPS. Americold Realty Trust’s revenue for the quarter was up 1.9% on a year-over-year basis. Americold Realty Trust has set its FY 2026 guidance at 1.200-1.300 EPS. On average, equities analysts expect that Americold Realty Trust will post 1.22 EPS for the current fiscal year.

Hedge Funds Weigh In On Americold Realty Trust

A number of hedge funds have recently added to or reduced their stakes in the stock. Sequoia Financial Advisors LLC increased its holdings in Americold Realty Trust by 15.5% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 21,801 shares of the company’s stock worth $343,000 after purchasing an additional 2,921 shares in the last quarter. Squarepoint Ops LLC grew its holdings in Americold Realty Trust by 132.9% during the second quarter. Squarepoint Ops LLC now owns 162,204 shares of the company’s stock worth $2,550,000 after buying an additional 92,563 shares in the last quarter. Sterling Investment Advisors Ltd. raised its position in Americold Realty Trust by 84.9% in the 2nd quarter. Sterling Investment Advisors Ltd. now owns 28,525 shares of the company’s stock valued at $448,000 after buying an additional 13,100 shares during the last quarter. Allworth Financial LP boosted its holdings in Americold Realty Trust by 368.4% during the 2nd quarter. Allworth Financial LP now owns 7,311 shares of the company’s stock worth $115,000 after acquiring an additional 5,750 shares during the last quarter. Finally, West Family Investments Inc. bought a new stake in shares of Americold Realty Trust in the 2nd quarter worth $176,000. Institutional investors and hedge funds own 98.14% of the company’s stock.

About Americold Realty Trust

Americold Realty Trust, Inc is a real estate investment trust that owns, operates and develops temperature-controlled warehouses and distribution facilities. The company provides cold storage infrastructure for food producers, retailers, distributors and other customers whose products require refrigerated or frozen environments.

Americold’s services include refrigerated and frozen storage, handling, inventory management, transportation coordination and other supply-chain solutions. Its facilities support the movement of perishable products such as meat, seafood, dairy, fruits and vegetables, prepared foods and other temperature-sensitive goods from producers to retailers and consumers.

The company serves customers through a network of temperature-controlled properties in key food distribution markets across North America, Europe and the Asia-Pacific region.