Stocks of Americold Realty Trust Inc (NYSE:COLD) traded higher last session on Wall Street, up 0.31% to $25.66.
COLD stock price is now 5.55% away from the 50-day moving average and -6.13% away from the 200-day moving average. The market capitalization of the company currently stands at $7.29B.
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With the price target enhanced from $27 to $30, Scotiabank Upgraded its rating from Sector Perform to Sector Outperform for Americold Realty Trust Inc (NYSE: COLD). On April 25, 2024, Wells Fargo recently initiated its ‘Equal Weight’ rating on the stock quoting a target price of $24, while ‘Scotiabank’ rates the stock as ‘Sector Perform’
In other news, NOVOSEL THOMAS C, insider sold 6,000 shares of the company’s stock on Dec 06 ’23. The stock was sold for $170,160 at an average price of $28.36. Upon completion of the transaction, the insider now directly owns 4,616 shares in the company, valued at $0.12 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 28 ’23, EVP, Chief Commercial Officer CHAMBERS ROBERT SCOTT sold 9,100 shares of the business’s stock. A total of $256,802 was realized by selling the stock at an average price of $28.22. A total of 0.24% of the company’s stock is owned by insiders.
During the past 12 months, Americold Realty Trust Inc has had a low of $21.87 and a high of $33.82. The fifty day moving average price for COLD is $24.3508 and a two-hundred day moving average price translates $27.3071 for the stock.
The latest earnings results from Americold Realty Trust Inc (NYSE: COLD) was released for 2024-03-31. The net profit margin was -11.99% and return on equity was -8.79% for COLD. The company reported revenue of $664.98 million for the quarter, compared to $676.49 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -1.7 percent.
