Piper Sandler Initiates Coverage on Americold Realty Trust (NYSE:COLD)

Investment analysts at Piper Sandler initiated coverage on shares of Americold Realty Trust (NYSE:COLD) in a research report issued on Wednesday. The brokerage set a “neutral” rating and a $13.00 price target on the stock. Piper Sandler’s target price suggests a potential upside of 13.80% from the stock’s previous close.

Several other analysts also recently weighed in on COLD. Robert W. Baird restated a “neutral” rating and set a $13.00 price objective (down from $16.00) on shares of Americold Realty Trust in a research report on Thursday, December 18th. Citigroup increased their target price on shares of Americold Realty Trust from $11.00 to $14.00 and gave the company a “neutral” rating in a research report on Wednesday, February 25th. UBS Group lifted their price target on shares of Americold Realty Trust from $12.00 to $13.00 and gave the stock a “neutral” rating in a research note on Thursday, January 8th. Barclays reduced their price target on shares of Americold Realty Trust from $17.00 to $15.00 and set an “overweight” rating for the company in a research report on Tuesday, January 13th. Finally, Compass Point started coverage on Americold Realty Trust in a report on Wednesday, March 18th. They set a “buy” rating and a $14.50 price objective on the stock. Four equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $14.30.

Americold Realty Trust Trading Down 0.3%

COLD opened at $11.42 on Wednesday. Americold Realty Trust has a one year low of $10.10 and a one year high of $21.94. The company has a market cap of $3.25 billion, a P/E ratio of -28.56, a PEG ratio of 4.00 and a beta of 0.89. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.12 and a current ratio of 0.12. The business’s 50-day simple moving average is $12.36 and its 200-day simple moving average is $12.42.

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

Institutional Trading of Americold Realty Trust

A number of large investors have recently bought and sold shares of the business. LRI Investments LLC grew its position in Americold Realty Trust by 90.4% during the 3rd quarter. LRI Investments LLC now owns 2,161 shares of the company’s stock worth $26,000 after purchasing an additional 1,026 shares during the last quarter. Ameriflex Group Inc. purchased a new stake in shares of Americold Realty Trust in the fourth quarter valued at about $26,000. Geneos Wealth Management Inc. boosted its stake 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 holdings in shares of Americold Realty Trust by 63.3% during the third quarter. Caitong International Asset Management Co. Ltd now owns 2,446 shares of the company’s stock worth $30,000 after buying an additional 948 shares during the last quarter. Finally, Avalon Trust Co purchased a new position in shares of Americold Realty Trust during the third quarter worth about $32,000. Institutional investors and hedge funds own 98.14% of the company’s stock.

Americold Realty Trust Company Profile

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.