Scotiabank Initiates Coverage on Americold Realty Trust (NYSE:COLD)

Equities research analysts at Scotiabank assumed coverage on shares of Americold Realty Trust (NYSE:COLD) in a research note issued to investors on Wednesday, Marketbeat Ratings reports. The firm set a “sector perform” rating and a $27.00 price target on the stock. Scotiabank’s price target would indicate a potential upside of 8.35% from the company’s previous close.

Several other equities research analysts also recently issued reports on the company. Barclays lowered their price target on Americold Realty Trust from $32.00 to $25.00 and set an “equal weight” rating for the company in a report on Wednesday. KeyCorp lowered 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. JPMorgan Chase & Co. lowered their price target on Americold Realty Trust from $34.00 to $32.00 and set a “neutral” rating for the company in a report on Friday, December 1st. Raymond James upgraded Americold Realty Trust from a “market perform” rating to an “outperform” rating and set a $31.00 price target for the company in a report on Thursday, February 29th. Finally, Royal Bank of Canada lowered their price target on Americold Realty Trust from $34.00 to $32.00 and set an “outperform” rating for the company in a report on Wednesday, February 28th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.13.

Americold Realty Trust Trading Up 0.6 %

NYSE:COLD opened at $24.92 on Wednesday. Americold Realty Trust has a 1-year low of $24.31 and a 1-year high of $33.90. The business’s 50-day moving average price is $26.71 and its two-hundred day moving average price is $28.13. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $7.07 billion, a price-to-earnings ratio of -20.59, a PEG ratio of 2.13 and a beta of 0.53.

Institutional Trading of Americold Realty Trust

Hedge funds have recently made changes to their positions in the business. Covestor Ltd lifted its position in shares of Americold Realty Trust by 155.1% in the second quarter. Covestor Ltd now owns 824 shares of the company’s stock valued at $27,000 after buying an additional 501 shares during the last quarter. VisionPoint Advisory Group LLC lifted its position in shares of Americold Realty Trust by 74.1% in the third quarter. VisionPoint Advisory Group LLC now owns 914 shares of the company’s stock valued at $28,000 after buying an additional 389 shares during the last quarter. Clearstead Advisors LLC acquired a new stake in shares of Americold Realty Trust in the third quarter valued at approximately $33,000. Quarry LP acquired a new stake in shares of Americold Realty Trust in the first quarter valued at approximately $34,000. Finally, Pinebridge Investments L.P. acquired a new stake in shares of Americold Realty Trust in the second quarter valued at approximately $38,000. 98.14% of the stock is owned by institutional investors and hedge funds.

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.