Americold Realty Trust (NYSE:COLD) Stock Price Up 7.5% – Time to Buy?

Americold Realty Trust Inc. (NYSE:COLD) shares traded up 7.5% on Wednesday . The company traded as high as $12.07 and last traded at $12.1070. 2,382,450 shares traded hands during mid-day trading, a decline of 42% from the average session volume of 4,112,643 shares. The stock had previously closed at $11.26.

Analyst Ratings Changes

COLD has been the topic of several research reports. Citigroup lowered their target price on Americold Realty Trust from $13.00 to $11.00 and set a “neutral” rating on the stock in a report on Friday, December 5th. Truist Financial cut their target price on shares of Americold Realty Trust from $20.00 to $17.00 and set a “buy” rating for the company in a research note on Thursday, September 25th. Zacks Research raised Americold Realty Trust from a “strong sell” rating to a “hold” rating in a research note on Monday, November 24th. Royal Bank Of Canada cut shares of Americold Realty Trust from a “moderate buy” rating to a “hold” rating in a research report on Friday, November 7th. Finally, Evercore ISI reissued an “in-line” rating and set a $13.00 price target (down previously from $19.00) on shares of Americold Realty Trust in a research report on Friday, November 7th. Five equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $15.38.

Americold Realty Trust Stock Performance

The firm has a market cap of $3.53 billion, a price-to-earnings ratio of -56.52, a price-to-earnings-growth ratio of 3.33 and a beta of 0.96. The firm’s 50 day moving average is $12.13 and its 200-day moving average is $14.30. 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 posted its earnings results on Thursday, November 6th. The company reported $0.35 EPS for the quarter, hitting the consensus estimate of $0.35. Americold Realty Trust had a negative net margin of 2.39% and a negative return on equity of 1.96%. The firm had revenue of $663.67 million for the quarter, compared to the consensus estimate of $659.51 million. During the same period in the prior year, the business posted $0.35 earnings per share. The business’s quarterly revenue was down 1.6% on a year-over-year basis. Americold Realty Trust has set its FY 2025 guidance at 1.390-1.450 EPS. Sell-side analysts anticipate that Americold Realty Trust Inc. will post 1.47 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Americold Realty Trust

Large investors have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd grew its stake in Americold Realty Trust by 49,833.3% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 1,498 shares of the company’s stock valued at $25,000 after buying an additional 1,495 shares during the last quarter. LRI Investments LLC lifted its position in Americold Realty Trust by 90.4% during the 3rd quarter. LRI Investments LLC now owns 2,161 shares of the company’s stock worth $26,000 after acquiring an additional 1,026 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in Americold Realty Trust by 100.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,612 shares of the company’s stock worth $27,000 after acquiring an additional 806 shares during the last quarter. Avalon Trust Co bought a new stake in Americold Realty Trust during the third quarter valued at about $32,000. Finally, GKV Capital Management Co. Inc. acquired a new stake in shares of Americold Realty Trust in the first quarter valued at about $36,000. Institutional investors own 98.14% of the company’s stock.

Americold Realty Trust Company Profile

Americold Realty Trust, Inc is a real estate investment trust, which focuses on the ownership, operation, development, and acquisition of temperature-controlled warehouses. It operates through the following segments: Warehouse, Third-Party Managed, Transportation, and Other. The Warehouse segment collects rent and storage fees from customers to store frozen and perishable food and other products within the firm’s real estate portfolio.