Citigroup Forecasts Strong Price Appreciation for Americold Realty Trust (NYSE:COLD) Stock

Americold Realty Trust (NYSE:COLD) had its target price increased by analysts at Citigroup from $11.00 to $14.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Citigroup’s target price indicates a potential upside of 2.94% from the stock’s previous close.

Several other analysts have also recently commented on the stock. Bank of America cut shares of Americold Realty Trust from a “buy” rating to an “underperform” rating and set a $13.00 price target for the company. in a report on Thursday, February 5th. Weiss Ratings reiterated a “sell (d)” rating on shares of Americold Realty Trust in a research report on Monday, December 29th. Truist Financial decreased their target price on shares of Americold Realty Trust from $17.00 to $16.00 and set a “buy” rating for the company in a research note on Wednesday, December 24th. Evercore set a $14.00 price target on shares of Americold Realty Trust in a report on Friday, February 20th. Finally, UBS Group increased their price objective on Americold Realty Trust from $12.00 to $13.00 and gave the stock a “neutral” rating in a report on Thursday, January 8th. Three equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $14.15.

Americold Realty Trust Stock Performance

Shares of COLD stock opened at $13.60 on Wednesday. The company has a market capitalization of $3.87 billion, a price-to-earnings ratio of -34.00, a P/E/G ratio of 4.66 and a beta of 0.91. Americold Realty Trust has a 1-year low of $10.10 and a 1-year high of $23.52. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.16. The stock’s fifty day simple moving average is $12.88 and its 200-day simple moving average is $12.85.

Americold Realty Trust (NYSE:COLD) last announced its quarterly earnings data on Thursday, February 19th. The company reported ($0.31) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.68). Americold Realty Trust had a negative return on equity of 3.64% and a negative net margin of 4.40%.The business had revenue of $658.45 million during the quarter, compared to analysts’ expectations of $654.55 million. During the same period in the prior year, the company posted $0.37 earnings per share. The firm’s revenue was down 1.2% on a year-over-year basis. Americold Realty Trust has set its FY 2026 guidance at 1.200-1.300 EPS. On average, sell-side analysts predict that Americold Realty Trust will post 1.47 earnings per share for the current fiscal year.

Institutional Trading of Americold Realty Trust

Institutional investors and hedge funds have recently made changes to their positions in the stock. LRI Investments LLC increased its holdings in shares of Americold Realty Trust by 90.4% during the 3rd quarter. LRI Investments LLC now owns 2,161 shares of the company’s stock valued at $26,000 after acquiring an additional 1,026 shares during the last quarter. Ameriflex Group Inc. acquired a new position in Americold Realty Trust during the fourth quarter valued at approximately $26,000. Geneos Wealth Management Inc. grew its holdings in Americold Realty Trust by 100.0% during the second quarter. Geneos Wealth Management Inc. now owns 1,612 shares of the company’s stock valued at $27,000 after purchasing an additional 806 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its position in shares of Americold Realty Trust by 63.3% in the third quarter. Caitong International Asset Management Co. Ltd now owns 2,446 shares of the company’s stock valued at $30,000 after purchasing an additional 948 shares during the period. Finally, Avalon Trust Co acquired a new stake in shares of Americold Realty Trust in the third quarter worth $32,000. Institutional investors and hedge funds own 98.14% of the company’s stock.

About Americold Realty Trust

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.