Americold Realty Trust (NYSE:COLD) Coverage Initiated at Scotiabank

Stock analysts at Scotiabank initiated coverage on shares of Americold Realty Trust (NYSE:COLD) in a research report issued to clients and investors on Wednesday, Briefing.com reports. The brokerage set a “sector perform” rating and a $27.00 price target on the stock. Scotiabank’s price target suggests a potential upside of 9.40% from the company’s previous close.

COLD has been the topic of several other reports. KeyCorp dropped their price target on Americold Realty Trust from $37.00 to $32.00 and set an “overweight” rating on the stock in a research note on Friday, March 22nd. Truist Financial raised Americold Realty Trust from a “hold” rating to a “buy” rating and boosted their price target for the company from $31.00 to $35.00 in a research note on Tuesday, January 16th. JPMorgan Chase & Co. lowered their target price on Americold Realty Trust from $34.00 to $32.00 and set a “neutral” rating on the stock in a research report on Friday, December 1st. Raymond James raised Americold Realty Trust from a “market perform” rating to an “outperform” rating and set a $31.00 target price on the stock in a research report on Thursday, February 29th. Finally, Royal Bank of Canada lowered their target price on Americold Realty Trust from $34.00 to $32.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 28th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Americold Realty Trust has a consensus rating of “Moderate Buy” and a consensus target price of $31.13.

Americold Realty Trust Stock Performance

Shares of COLD stock opened at $24.68 on Wednesday. The business’s 50-day moving average price is $26.88 and its 200-day moving average price is $28.18. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $7.00 billion, a price-to-earnings ratio of -20.40, a PEG ratio of 2.14 and a beta of 0.53. Americold Realty Trust has a 12 month low of $24.31 and a 12 month high of $33.90.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Covestor Ltd grew its stake in Americold Realty Trust by 155.1% in the 2nd quarter. Covestor Ltd now owns 824 shares of the company’s stock valued at $27,000 after purchasing an additional 501 shares during the period. VisionPoint Advisory Group LLC grew its stake in Americold Realty Trust by 74.1% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 914 shares of the company’s stock valued at $28,000 after purchasing an additional 389 shares during the period. Clearstead Advisors LLC bought a new position in Americold Realty Trust in the 3rd quarter valued at $33,000. Quarry LP bought a new position in Americold Realty Trust in the 1st quarter valued at $34,000. Finally, Pinebridge Investments L.P. purchased a new position in shares of Americold Realty Trust during the 2nd quarter valued at $38,000. Institutional investors own 98.14% of the company’s stock.

About Americold Realty Trust

Americold is a global leader in temperature-controlled logistics real estate and value added services. Focused on the ownership, operation, acquisition and development of temperature-controlled warehouses, Americold owns and/or operates 245 temperature-controlled warehouses, with approximately 1.5 billion refrigerated cubic feet of storage, in North America, Europe, Asia-Pacific, and South America.