It’s still a bull thesis, just subverted: Americold Realty Trust Inc (COLD)

Americold Realty Trust Inc [COLD] stock is trading at $22.81, up 2.98%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The COLD shares have gain 2.06% over the last week, with a monthly amount drifted -13.20%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Americold Realty Trust Inc [NYSE: COLD] stock has seen the most recent analyst activity on July 01, 2024, when Wolfe Research upgraded its rating to a Outperform but kept the price target unchanged to $31 for it. Previously, JP Morgan upgraded its rating to Overweight on June 26, 2024, and kept the price target unchanged to $30. On May 23, 2024, upgrade upgraded it’s rating to Sector Outperform and revised its price target to $30 on the stock. Wells Fargo started tracking the stock assigning a Equal Weight rating and suggested a price target of $24 on April 25, 2024. Scotiabank initiated its recommendation with a Sector Perform and recommended $27 as its price target on March 27, 2024. Raymond James upgraded its rating to Outperform for this stock on February 29, 2024, but kept the price target unchanged to $31. In a note dated January 16, 2024, Truist upgraded an Buy rating on this stock and boosted its target price from $31 to $35.

Americold Realty Trust Inc [COLD] stock has fluctuated between $21.53 and $30.92 over the past year. Currently, Wall Street analysts expect the stock to reach $32.25 within the next 12 months. Americold Realty Trust Inc [NYSE: COLD] shares were valued at $22.81 at the most recent close of the market. An investor can expect a potential return of 41.39% based on the average COLD price forecast.

Analyzing the COLD fundamentals

Americold Realty Trust Inc [NYSE:COLD] reported sales of 2.68B for the trailing twelve months, which represents a growth of 0.93%. Gross Profit Margin for this corporation currently stands at 0.23% with Operating Profit Margin at 0.07%, Pretax Profit Margin comes in at -0.11%, and Net Profit Margin reading is -0.11%. To continue investigating profitability, this company’s Return on Assets is posted at -0.04, Equity is -0.08 and Total Capital is 0.02.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 22.23 points at the first support level, and at 21.64 for the second support level. However, for the 1st resistance point, the stock is sitting at 23.11, and for the 2nd resistance point, it is at 23.40.

Ratios To Look Out For

Considering the valuation of this stock, the price to sales ratio is 2.42, the price to book ratio is 1.92.

Transactions by insiders

Recent insider trading involved NOVOSEL THOMAS C,, that happened on Dec 06 ’23 when 6000.0 shares were sold. EVP, Chief Commercial Officer, CHAMBERS ROBERT SCOTT completed a deal on Nov 28 ’23 to sell 9100.0 shares.

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