AmeriCold Realty Trust (NYSE:COLD) had its price objective decreased by analysts at JPMorgan Chase & Co. from $39.00 to $38.00 in a report released on Thursday, MarketBeat Ratings reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 14.63% from the company’s previous close.
COLD has been the topic of a number of other research reports. Berenberg Bank cut AmeriCold Realty Trust from a “buy” rating to a “hold” rating in a report on Monday, December 9th. Zacks Investment Research lowered AmeriCold Realty Trust from a “hold” rating to a “sell” rating in a report on Thursday, November 21st. Finally, Bank of America reissued a “buy” rating and issued a $37.00 price objective on shares of AmeriCold Realty Trust in a report on Thursday, August 15th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $38.43.
Shares of NYSE COLD opened at $33.15 on Thursday. AmeriCold Realty Trust has a 12-month low of $24.27 and a 12-month high of $40.42. The company has a market cap of $6.34 billion, a price-to-earnings ratio of 28.09, a price-to-earnings-growth ratio of 3.92 and a beta of 0.58. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.06. The stock’s 50 day simple moving average is $36.83 and its 200 day simple moving average is $35.53.
AmeriCold Realty Trust (NYSE:COLD) last posted its earnings results on Thursday, November 7th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.17). AmeriCold Realty Trust had a net margin of 1.75% and a return on equity of 2.36%. The company had revenue of $466.18 million during the quarter, compared to the consensus estimate of $452.64 million. During the same quarter in the previous year, the business posted $0.27 earnings per share. The business’s quarterly revenue was up 16.0% compared to the same quarter last year. As a group, equities analysts forecast that AmeriCold Realty Trust will post 1.13 earnings per share for the current fiscal year.
In other AmeriCold Realty Trust news, EVP James Andrew Harron sold 1,400 shares of the business’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $33.61, for a total value of $47,054.00. Following the sale, the executive vice president now directly owns 2,135 shares in the company, valued at $71,757.35. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.42% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Stifel Financial Corp lifted its stake in AmeriCold Realty Trust by 0.6% in the third quarter. Stifel Financial Corp now owns 74,934 shares of the company’s stock valued at $2,807,000 after acquiring an additional 418 shares during the last quarter. Oppenheimer Asset Management Inc. raised its holdings in AmeriCold Realty Trust by 4.3% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 10,362 shares of the company’s stock worth $336,000 after acquiring an additional 429 shares during the period. Daiwa Securities Group Inc. lifted its position in AmeriCold Realty Trust by 2.1% during the 3rd quarter. Daiwa Securities Group Inc. now owns 33,300 shares of the company’s stock worth $1,234,000 after acquiring an additional 700 shares during the last quarter. Rehmann Capital Advisory Group grew its position in shares of AmeriCold Realty Trust by 316.5% in the second quarter. Rehmann Capital Advisory Group now owns 958 shares of the company’s stock valued at $31,000 after purchasing an additional 728 shares during the last quarter. Finally, Nvwm LLC lifted its position in shares of AmeriCold Realty Trust by 4.1% during the 3rd quarter. Nvwm LLC now owns 18,751 shares of the company’s stock worth $695,000 after purchasing an additional 747 shares during the last quarter.
About AmeriCold Realty Trust
Americold is the world's largest owner and operator of temperature-controlled warehouses. Based in Atlanta, Georgia, Americold owns and operates 155 temperature-controlled warehouses, with approximately 918.7 million refrigerated cubic feet of storage, in the United States, Australia, New Zealand, Canada, and Argentina.
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