Robert W. Baird Initiates Coverage on AmeriCold Realty Trust (COLD)

Investment analysts at Robert W. Baird started coverage on shares of AmeriCold Realty Trust (NYSE:COLD) in a research report issued to clients and investors on Tuesday. The firm set an “outperform” rating and a $20.00 price target on the stock. Robert W. Baird’s target price would indicate a potential upside of 13.31% from the company’s previous close.

A number of other analysts have also recently issued reports on COLD. JPMorgan Chase & Co. started coverage on shares of AmeriCold Realty Trust in a research note on Tuesday. They issued a “neutral” rating and a $19.00 price objective for the company. Bank of America started coverage on shares of AmeriCold Realty Trust in a research note on Tuesday. They issued a “buy” rating and a $20.00 price objective for the company. SunTrust Banks started coverage on shares of AmeriCold Realty Trust in a research note on Tuesday. They issued a “buy” rating and a $21.00 price objective for the company. Finally, Royal Bank of Canada assumed coverage on shares of AmeriCold Realty Trust in a research note on Tuesday. They issued an “outperform” rating and a $22.00 price objective for the company. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $20.40.

Shares of AmeriCold Realty Trust (COLD) traded up $0.12 during midday trading on Tuesday, hitting $17.65. 36,553 shares of the stock were exchanged, compared to its average volume of 1,189,515. AmeriCold Realty Trust has a 1 year low of $16.13 and a 1 year high of $18.41.

In other AmeriCold Realty Trust news, major shareholder Goldman Sachs Group Inc acquired 125,000 shares of the stock in a transaction on Friday, January 19th. The stock was acquired at an average price of $17.40 per share, for a total transaction of $2,175,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ronald W. Burkle sold 13,581,284 shares of the stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $14.90, for a total transaction of $202,361,131.60. The disclosure for this sale can be found here.

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About AmeriCold Realty Trust

Americold Realty Trust is a real estate investment trust (REIT) engaged in the provision of temperature controlled warehousing and distribution services in the United States. The Company operates 104 facilities, of which 90 are wholly owned or leased, 13 are managed for outside owners, and one is partially owned.

Analyst Recommendations for AmeriCold Realty Trust (NYSE:COLD)

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