Americold Realty Trust (NYSE:COLD) Raised to Hold at Scotiabank

Americold Realty Trust (NYSE:COLD) was upgraded by investment analysts at Scotiabank to a “hold” rating in a report issued on Wednesday,Zacks.com reports.

A number of other research analysts have also commented on COLD. UBS Group increased their price objective on Americold Realty Trust from $12.00 to $13.00 and gave the company a “neutral” rating in a report on Thursday, January 8th. Evercore set a $14.00 target price on Americold Realty Trust in a research report on Friday, February 20th. Barclays lowered their price target on Americold Realty Trust from $17.00 to $15.00 and set an “overweight” rating on the stock in a report on Tuesday, January 13th. Truist Financial dropped their price target on shares of Americold Realty Trust from $17.00 to $16.00 and set a “buy” rating on the stock in a research report on Wednesday, December 24th. Finally, Wells Fargo & Company upped their price objective on shares of Americold Realty Trust from $11.00 to $14.00 and gave the stock an “equal weight” rating in a report on Monday, March 2nd. Three investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $14.38.

Americold Realty Trust Stock Up 0.0%

Shares of Americold Realty Trust stock traded up $0.01 during midday trading on Wednesday, reaching $11.29. 917,640 shares of the company’s stock traded hands, compared to its average volume of 4,917,084. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.12 and a current ratio of 0.12. Americold Realty Trust has a 52 week low of $10.10 and a 52 week high of $22.35. The company’s 50 day simple moving average is $12.84 and its 200 day simple moving average is $12.70. The company has a market cap of $3.21 billion, a price-to-earnings ratio of -28.24, a price-to-earnings-growth ratio of 4.20 and a beta of 0.89.

Americold Realty Trust (NYSE:COLD) last posted its earnings results on Thursday, February 19th. The company reported ($0.31) EPS for the quarter, missing the consensus estimate of $0.37 by ($0.68). Americold Realty Trust had a negative return on equity of 3.71% and a negative net margin of 4.40%.The business had revenue of $658.45 million for the quarter, compared to analyst estimates of $654.55 million. During the same period in the previous year, the company earned $0.37 earnings per share. The company’s quarterly revenue was down 1.2% compared to the same quarter last year. Americold Realty Trust has set its FY 2026 guidance at 1.200-1.300 EPS. Equities analysts expect that Americold Realty Trust will post 1.47 earnings per share for the current fiscal year.

Institutional Trading of Americold Realty Trust

Hedge funds have recently modified their holdings of the company. LRI Investments LLC increased its position in shares of Americold Realty Trust by 90.4% during the third quarter. LRI Investments LLC now owns 2,161 shares of the company’s stock valued at $26,000 after purchasing an additional 1,026 shares during the period. Ameriflex Group Inc. bought a new position in Americold Realty Trust in the fourth quarter worth $26,000. Geneos Wealth Management Inc. increased its holdings in Americold Realty Trust by 100.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,612 shares of the company’s stock valued at $27,000 after buying an additional 806 shares during the period. Caitong International Asset Management Co. Ltd increased its holdings in Americold Realty Trust by 63.3% in the 3rd 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 during the period. Finally, Avalon Trust Co acquired a new position in shares of Americold Realty Trust in the 3rd quarter valued at $32,000. Institutional investors own 98.14% of the company’s stock.

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.