Americold Realty Trust (NYSE:COLD) Now Covered by Wells Fargo & Company

Analysts at Wells Fargo & Company started coverage on shares of Americold Realty Trust (NYSE:COLD) in a report issued on Thursday, Marketbeat.com reports. The firm set an “equal weight” rating and a $24.00 price target on the stock. Wells Fargo & Company‘s target price would indicate a potential upside of 7.87% from the company’s current price.

COLD has been the topic of several other reports. Truist Financial upgraded Americold Realty Trust from a “hold” rating to a “buy” rating and raised their target price for the company from $31.00 to $35.00 in a report on Tuesday, January 16th. KeyCorp reduced their target price 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. Royal Bank of Canada decreased their target price on Americold Realty Trust from $34.00 to $32.00 and set an “outperform” rating for the company in a research report on Wednesday, February 28th. Barclays dropped their price target on shares of Americold Realty Trust from $32.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 27th. Finally, Raymond James raised shares of Americold Realty Trust from a “market perform” rating to an “outperform” rating and set a $31.00 price objective for the company in a report on Thursday, February 29th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Americold Realty Trust presently has a consensus rating of “Moderate Buy” and an average target price of $30.33.

Americold Realty Trust Stock Performance

Shares of COLD opened at $22.25 on Thursday. The firm has a market cap of $6.32 billion, a price-to-earnings ratio of -18.38, a price-to-earnings-growth ratio of 1.99 and a beta of 0.52. The company’s fifty day moving average is $24.89 and its 200-day moving average is $27.07. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.13. Americold Realty Trust has a 12 month low of $22.22 and a 12 month high of $33.90.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in COLD. VisionPoint Advisory Group LLC grew its position in Americold Realty Trust by 74.1% during the third quarter. VisionPoint Advisory Group LLC now owns 914 shares of the company’s stock worth $28,000 after buying an additional 389 shares in the last quarter. Clearstead Advisors LLC bought a new stake in shares of Americold Realty Trust during the third quarter valued at approximately $33,000. GAMMA Investing LLC acquired a new position in shares of Americold Realty Trust in the fourth quarter valued at $50,000. Principal Securities Inc. bought a new position in Americold Realty Trust in the fourth quarter worth $80,000. Finally, Signaturefd LLC lifted its position in Americold Realty Trust by 23.8% in the third quarter. Signaturefd LLC now owns 2,746 shares of the company’s stock worth $84,000 after purchasing an additional 528 shares during the period. 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.