Evercore ISI Has Lowered Expectations for Americold Realty Trust (NYSE:COLD) Stock Price

Americold Realty Trust (NYSE:COLD) had its price target dropped by research analysts at Evercore ISI from $14.00 to $13.00 in a report released on Monday, MarketBeat Ratings reports. The firm presently has an “in-line” rating on the stock. Evercore ISI’s price objective would suggest a potential upside of 6.43% from the stock’s current price.

A number of other analysts have also recently commented on the stock. Royal Bank Of Canada cut shares of Americold Realty Trust from a “moderate buy” rating to a “hold” rating in a report on Friday, November 7th. Weiss Ratings reissued a “sell (d)” rating on shares of Americold Realty Trust in a research report on Monday, December 15th. Baird R W lowered shares of Americold Realty Trust from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 18th. KeyCorp cut their price objective on shares of Americold Realty Trust from $23.00 to $18.00 and set an “overweight” rating on the stock in a report on Friday, October 3rd. Finally, UBS Group lowered their target price on shares of Americold Realty Trust from $14.00 to $12.00 and set a “neutral” rating for the company in a report on Monday, November 10th. Three analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $13.92.

Americold Realty Trust Stock Down 1.3%

COLD stock opened at $12.22 on Monday. Americold Realty Trust has a fifty-two week low of $10.10 and a fifty-two week high of $23.52. The company has a market capitalization of $3.48 billion, a price-to-earnings ratio of -55.52, a price-to-earnings-growth ratio of 3.89 and a beta of 0.96. The business’s 50 day moving average price is $11.99 and its two-hundred day moving average price is $14.00. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.11 and a current ratio of 0.11.

Americold Realty Trust (NYSE:COLD) last released its earnings results on Thursday, November 6th. The company reported $0.35 EPS for the quarter, meeting analysts’ consensus estimates of $0.35. The company had revenue of $663.67 million during the quarter, compared to analysts’ expectations of $659.51 million. Americold Realty Trust had a negative return on equity of 1.96% and a negative net margin of 2.39%.The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.35 EPS. Americold Realty Trust has set its FY 2025 guidance at 1.390-1.450 EPS. As a group, analysts forecast that Americold Realty Trust will post 1.47 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Americold Realty Trust

A number of institutional investors have recently made changes to their positions in the company. Earnest Partners LLC boosted its stake in shares of Americold Realty Trust by 2.8% during the 1st quarter. Earnest Partners LLC now owns 2,595,058 shares of the company’s stock worth $55,690,000 after acquiring an additional 71,069 shares during the last quarter. AGF Management Ltd. raised its holdings in Americold Realty Trust by 49.2% in the 2nd quarter. AGF Management Ltd. now owns 182,762 shares of the company’s stock worth $3,039,000 after purchasing an additional 60,276 shares during the period. LDR Capital Management LLC bought a new position in Americold Realty Trust in the 2nd quarter worth $1,106,000. Cambiar Investors LLC lifted its position in Americold Realty Trust by 21.7% during the second quarter. Cambiar Investors LLC now owns 464,180 shares of the company’s stock valued at $7,719,000 after purchasing an additional 82,783 shares in the last quarter. Finally, Ieq Capital LLC bought a new stake in Americold Realty Trust during the first quarter valued at about $734,000. Hedge funds and other institutional investors 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.