Barclays Lowers Americold Realty Trust (NYSE:COLD) Price Target to $25.00

Americold Realty Trust (NYSE:COLD) had its price objective dropped by equities researchers at Barclays from $32.00 to $25.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s target price would indicate a potential upside of 0.32% from the company’s current price.

A number of other analysts also recently issued reports on COLD. JPMorgan Chase & Co. cut their price target on shares of Americold Realty Trust from $34.00 to $32.00 and set a “neutral” rating for the company in a report on Friday, December 1st. Royal Bank of Canada lowered their target price on Americold Realty Trust from $34.00 to $32.00 and set an “outperform” rating for the company in a research note on Wednesday, February 28th. KeyCorp decreased their price target on Americold Realty Trust from $37.00 to $32.00 and set an “overweight” rating for the company in a report on Friday, March 22nd. Raymond James raised Americold Realty Trust from a “market perform” rating to an “outperform” rating and set a $31.00 target price for the company in a report on Thursday, February 29th. Finally, Truist Financial raised Americold Realty Trust from a “hold” rating to a “buy” rating and upped their price objective for the company from $31.00 to $35.00 in a research note on Tuesday, January 16th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Americold Realty Trust currently has a consensus rating of “Moderate Buy” and an average target price of $31.13.

Americold Realty Trust Stock Performance

COLD opened at $24.92 on Wednesday. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.13. The company has a market cap of $7.07 billion, a price-to-earnings ratio of -20.59, a PEG ratio of 2.13 and a beta of 0.53. Americold Realty Trust has a 52-week low of $24.31 and a 52-week high of $33.90. The firm’s fifty day simple moving average is $26.71 and its two-hundred day simple moving average is $28.13.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in COLD. Vanguard Group Inc. raised its position in shares of Americold Realty Trust by 2.9% in the 4th quarter. Vanguard Group Inc. now owns 38,331,418 shares of the company’s stock worth $1,160,292,000 after buying an additional 1,071,074 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Americold Realty Trust by 61.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,020,747 shares of the company’s stock worth $61,168,000 after buying an additional 767,264 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of Americold Realty Trust by 8.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 129,150 shares of the company’s stock worth $3,910,000 after buying an additional 9,967 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in shares of Americold Realty Trust by 23.3% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 55,500 shares of the company’s stock worth $1,680,000 after buying an additional 10,500 shares during the period. Finally, GSA Capital Partners LLP purchased a new position in shares of Americold Realty Trust in the 4th quarter worth $325,000. Hedge funds and other institutional investors own 98.14% of the company’s stock.

About Americold Realty Trust

Americold is a global leader in temperature-controlled logistics real estate and value added services. Focused on the ownership, operation, acquisition and development of temperature-controlled warehouses, Americold owns and/or operates 245 temperature-controlled warehouses, with approximately 1.5 billion refrigerated cubic feet of storage, in North America, Europe, Asia-Pacific, and South America.