AmeriCold Realty Trust (COLD) Price Target Increased to $33.50 by Analysts at Raymond James

AmeriCold Realty Trust (NYSE:COLD) had its target price upped by research analysts at Raymond James from $31.00 to $33.50 in a report issued on Monday, BenzingaRatingsTable reports. The firm presently has an “outperform” rating on the stock. Raymond James’ price objective suggests a potential upside of 7.89% from the company’s previous close.

A number of other research firms also recently issued reports on COLD. Berenberg Bank started coverage on shares of AmeriCold Realty Trust in a research report on Wednesday, March 13th. They set a “buy” rating and a $35.00 target price on the stock. Zacks Investment Research downgraded shares of AmeriCold Realty Trust from a “buy” rating to a “hold” rating in a research report on Monday, January 14th. Finally, ValuEngine upgraded shares of AmeriCold Realty Trust from a “hold” rating to a “buy” rating in a research report on Wednesday, January 9th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. AmeriCold Realty Trust has a consensus rating of “Buy” and a consensus target price of $30.86.

NYSE:COLD traded up $0.12 during mid-day trading on Monday, reaching $31.05. 35,261 shares of the company were exchanged, compared to its average volume of 2,638,945. AmeriCold Realty Trust has a 12 month low of $19.50 and a 12 month high of $31.46. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.06. The firm has a market cap of $4.61 billion, a P/E ratio of 26.27, a P/E/G ratio of 2.60 and a beta of 0.80.

AmeriCold Realty Trust (NYSE:COLD) last issued its quarterly earnings data on Thursday, February 21st. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.24). AmeriCold Realty Trust had a return on equity of 7.05% and a net margin of 2.99%. The company had revenue of $415.82 million for the quarter, compared to the consensus estimate of $416.40 million. As a group, equities analysts predict that AmeriCold Realty Trust will post 1.21 earnings per share for the current fiscal year.

In other AmeriCold Realty Trust news, Director Ronald W. Burkle sold 38,422,583 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $27.47, for a total transaction of $1,055,468,355.01. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Several large investors have recently made changes to their positions in COLD. Cohen & Steers Inc. raised its holdings in AmeriCold Realty Trust by 3.2% during the 4th quarter. Cohen & Steers Inc. now owns 8,176,559 shares of the company’s stock worth $208,829,000 after buying an additional 253,431 shares during the period. Vanguard Group Inc. raised its holdings in AmeriCold Realty Trust by 82.0% during the 3rd quarter. Vanguard Group Inc. now owns 7,958,159 shares of the company’s stock worth $199,114,000 after buying an additional 3,584,826 shares during the period. Vanguard Group Inc raised its holdings in AmeriCold Realty Trust by 82.0% during the 3rd quarter. Vanguard Group Inc now owns 7,958,159 shares of the company’s stock worth $199,114,000 after buying an additional 3,584,826 shares during the period. BlackRock Inc. grew its stake in shares of AmeriCold Realty Trust by 4.5% during the 4th quarter. BlackRock Inc. now owns 7,817,680 shares of the company’s stock worth $199,663,000 after acquiring an additional 339,453 shares in the last quarter. Finally, Zimmer Partners LP grew its stake in shares of AmeriCold Realty Trust by 149.8% during the 4th quarter. Zimmer Partners LP now owns 6,245,975 shares of the company’s stock worth $159,522,000 after acquiring an additional 3,745,975 shares in the last quarter. Institutional investors and hedge funds own 79.71% of the company’s stock.

AmeriCold Realty Trust Company Profile

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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Analyst Recommendations for AmeriCold Realty Trust (NYSE:COLD)

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