Americold Realty (COLD) Receives a Hold from J.P. Morgan

In a report released on November 21, Michael Mueller from J.P. Morgan maintained a Hold rating on Americold Realty (COLDResearch Report), with a price target of $31.00. The company’s shares closed yesterday at $29.11.

Mueller covers the Financial sector, focusing on stocks such as Cubesmart, Extra Space Storage, and Public Storage. According to TipRanks, Mueller has an average return of -0.6% and a 51.53% success rate on recommended stocks.

In addition to J.P. Morgan, Americold Realty also received a Hold from RBC Capital’s Michael Carroll in a report issued on November 21. However, on November 14, Bank of America Securities upgraded Americold Realty (NYSE: COLD) to a Buy.

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Based on Americold Realty’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $757.78 million and a GAAP net loss of $8.91 million. In comparison, last year the company earned a revenue of $708.81 million and had a net profit of $5.29 million

Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is neutral on the stock. Earlier this month, Winnall Richard Charles, the See remarks of COLD bought 2,000.00 shares for a total of $57,600.00.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Americold Realty Trust, Inc. is a real estate investment trust focused on the ownership, operation, development and acquisition of temperature-controlled warehouses. The company operates through following segments warehouse, third-party and transportation. The company was founded in 1931 and is headquartered in Atlanta, GA.

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