In a report issued on August 10, Dave Rodgers from Robert W. Baird reiterated a Buy rating on Americold Realty Trust (NYSE: COLD), with a price target of $25. The company’s shares closed on Friday at $23.14, close to its 52-week high of $23.54.
According to TipRanks.com, Rodgers is a 4-star analyst with an average return of 7.0% and a 78.7% success rate. Rodgers covers the Financial sector, focusing on stocks such as Washington Real Estate Investment Trust, First Industrial Realty Trust, and Franklin Street Properties.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Americold Realty Trust with a $24.63 average price target, implying a 6.4% upside from current levels. In a report issued on August 10, RBC Capital also maintained a Buy rating on the stock with a $26 price target.
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Based on Americold Realty Trust’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $8.64 million. In comparison, last year the company had a net profit of $6.76 million.
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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 in food-producing and retail markets. The company was founded in 1931 and is headquartered in Atlanta, GA.
