Robert W. Baird analyst Dave Rodgers maintained a Buy rating on Americold Realty (COLD – Research Report) on June 2 and set a price target of $29.00. The company’s shares closed last Tuesday at $28.94.
According to TipRanks.com, Rodgers is a 3-star analyst with an average return of 2.0% and a 52.5% success rate. Rodgers covers the Financial sector, focusing on stocks such as Corporate Office Properties, Franklin Street Properties, and Rexford Industrial Realty.
Americold Realty has an analyst consensus of Moderate Buy, with a price target consensus of $30.63, a 3.8% upside from current levels. In a report issued on May 31, Truist Financial also maintained a Buy rating on the stock with a $32.00 price target.
Based on Americold Realty’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $706 million and GAAP net loss of $17.41 million. In comparison, last year the company earned revenue of $635 million and had a GAAP net loss of $14.41 million.
Based on the recent corporate insider activity of 28 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of COLD in relation to earlier this year.
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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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