Piper Sandler Issues Pessimistic Forecast for Americold Realty Trust (NYSE:COLD) Stock Price

Americold Realty Trust (NYSE:COLD) had its price target lowered by equities researchers at Piper Sandler from $17.00 to $15.00 in a research note issued on Monday, Benzinga reports. The firm currently has a “neutral” rating on the stock. Piper Sandler’s target price suggests a potential upside of 7.47% from the stock’s current price.

Several other research firms also recently issued reports on COLD. Weiss Ratings downgraded shares of Americold Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, August 11th. Evercore reissued an “outperform” rating and issued a $19.00 price objective on shares of Americold Realty Trust in a research report on Friday, August 7th. KeyCorp reissued an “overweight” rating on shares of Americold Realty Trust in a research report on Monday, August 10th. JPMorgan Chase & Co. raised shares of Americold Realty Trust from an “underweight” rating to a “neutral” rating and set a $16.00 target price on the stock in a research note on Thursday, September 24th. Finally, Wall Street Zen upgraded shares of Americold Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, June 20th. Five research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Americold Realty Trust has an average rating of “Hold” and a consensus target price of $15.61.

Americold Realty Trust Stock Performance

NYSE COLD opened at $13.96 on Monday. The firm has a market capitalization of $3.98 billion, a P/E ratio of 10.18 and a beta of 0.92. Americold Realty Trust has a 1-year low of $10.10 and a 1-year high of $16.88. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.10 and a quick ratio of 0.10. The business’s 50-day simple moving average is $14.52 and its 200-day simple moving average is $14.23.

Americold Realty Trust (NYSE:COLD) last issued its earnings results on Thursday, August 6th. The company reported $0.35 earnings per share (EPS) for the quarter. The business had revenue of $662.89 million during the quarter, compared to analysts’ expectations of $613.54 million. Americold Realty Trust had a negative return on equity of 16.14% and a negative net margin of 17.44%. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.36 EPS. Americold Realty Trust has set its FY 2026 guidance at 1.200-1.300 EPS. Equities analysts predict that Americold Realty Trust will post 1.22 EPS for the current year.

Institutional Investors Weigh In On Americold Realty Trust

Several hedge funds have recently modified their holdings of the stock. Bank of America Corp DE purchased a new position in Americold Realty Trust in the second quarter valued at about $48,141,000. Squarepoint Ops LLC grew its stake in Americold Realty Trust by 132.9% during the 2nd quarter. Squarepoint Ops LLC now owns 162,204 shares of the company’s stock valued at $2,550,000 after purchasing an additional 92,563 shares in the last quarter. Hsbc Holdings PLC acquired a new stake in Americold Realty Trust during the 2nd quarter valued at approximately $10,605,000. Wellington Management Group LLP acquired a new stake in Americold Realty Trust during the 2nd quarter valued at approximately $8,963,000. Finally, Advisors Capital Management LLC purchased a new stake in Americold Realty Trust during the 2nd quarter worth approximately $19,858,000. 98.14% of the stock is currently owned by hedge funds and other institutional investors.

About Americold Realty Trust

Americold Realty Trust, Inc is a real estate investment trust that owns, operates and develops temperature-controlled storage and distribution facilities. The company provides refrigerated and frozen warehousing, inventory management, handling, transportation coordination and other supply-chain services for customers that require temperature-sensitive logistics.

Its customers include food producers, processors, retailers, restaurants, distributors and other businesses involved in the movement of perishable goods.