Wolfe Research Upgrades Americold Realty Trust (NYSE:COLD) to “Outperform”

Americold Realty Trust (NYSE:COLD) was upgraded by equities researchers at Wolfe Research from a “peer perform” rating to an “outperform” rating in a note issued to investors on Monday, Marketbeat.com reports. The brokerage presently has a $31.00 price target on the stock. Wolfe Research’s price target indicates a potential upside of 19.88% from the stock’s previous close.

Other research analysts have also recently issued reports about the company. Barclays boosted their target price on Americold Realty Trust from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Friday, May 24th. Wells Fargo & Company initiated coverage on Americold Realty Trust in a research note on Thursday, April 25th. They set an “equal weight” rating and a $24.00 target price for the company. Scotiabank raised Americold Realty Trust from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the stock from $27.00 to $30.00 in a research note on Thursday, May 23rd. JPMorgan Chase & Co. raised Americold Realty Trust from a “neutral” rating to an “overweight” rating and set a $30.00 target price for the company in a research note on Wednesday, June 26th. Finally, KeyCorp decreased their price target on Americold Realty Trust from $37.00 to $32.00 and set an “overweight” rating for the company in a report on Friday, March 22nd. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $30.60.

Americold Realty Trust Trading Up 0.8 %

Shares of NYSE COLD opened at $25.86 on Monday. Americold Realty Trust has a twelve month low of $21.87 and a twelve month high of $33.90. The stock has a market capitalization of $7.35 billion, a PE ratio of -22.10, a PEG ratio of 1.81 and a beta of 0.59. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.15. The stock has a fifty day simple moving average of $24.91 and a 200-day simple moving average of $26.23.

Hedge Funds Weigh In On Americold Realty Trust

A number of large investors have recently modified their holdings of the business. Lasalle Investment Management Securities LLC purchased a new position in shares of Americold Realty Trust during the 1st quarter worth approximately $27,996,000. Westwood Holdings Group Inc. raised its stake in shares of Americold Realty Trust by 24.0% during the 1st quarter. Westwood Holdings Group Inc. now owns 1,085,581 shares of the company’s stock worth $27,053,000 after buying an additional 209,942 shares in the last quarter. Cetera Advisors LLC purchased a new position in Americold Realty Trust in the 1st quarter valued at approximately $350,000. Swedbank AB purchased a new position in Americold Realty Trust in the 1st quarter valued at approximately $9,495,000. Finally, Walleye Trading LLC purchased a new position in Americold Realty Trust in the 1st quarter valued at approximately $249,000. 98.14% of the stock is owned by hedge funds and other institutional investors.

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.