Today’s big question for investors is, “what’s going on with Americold Realty Trust (NYSE:COLD) stock? Its price is nose-diving -1.97 points, trading at $35.47 levels, and is down -5.26% from its previous close of $37.44. The shares seem to have an active trading volume day with a reported 1384228 contracts so far this session. COLD shares had a relatively better volume day versus average trading capacity of 1.65 million shares, but with a 0.15 billion float and a -6.61% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for COLD stock indicates that the average analyst price target is $39.69 per share. This means the stock has a potential increase of 11.9% from where the COLD share price has been trading recently which is between $37.28 and $38.2. There are some brokerage firms that offer lower targets than the average, with one of them, even setting their price target at $38. Flipping the other side of the coin, an analyst who is fully bullish set a price target as high as $43.
During the recent trading session for Americold Realty Trust (NYSE:COLD), the company witnessed their stock drop by $-3.86 over a week and tumble down $-1.67 from the price 20 days ago. When compared to their established 52-week high of $40.42, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 01/11/19. The recent low of $24.27 stood for a -12.25% since 12/24/18, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 0 is also allocated to the stock. Since the beta is less than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to. At the moment, the median target price for COLD is set at $39.5, a figure which is below the recent 1-year high the stock witnessed.
Looking at the current readings for Americold Realty Trust, the two-week RSI stands at 31.23. This figure suggests that COLD stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current COLD readings is similarly very revealing as it has a stochastic reading of 12.67% at this stage. This figure means that COLD share price today is being overbought.
Technical chart claims that Americold Realty Trust (COLD) would settle between $38/share to $38.56/share level. However, if the stock price goes below the $37.08 mark, then the market for Americold Realty Trust becomes much weaker. If that happens, the stock price might even plunge as low as $36.72 for its downside target. The stock is currently in the red zone of MACD, with the indicator reading -1.49. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at BofA/Merrill lifted target price for shares of COLD but were stick to Buy recommendation for the stock in their opinion released on August 15. The price target has been raised from $37 to $42.50. Citigroup, analysts launched coverage of Americold Realty Trust (NYSE:COLD) stock with a Buy recommendation, according to their flash note issued to investors on July 01. Analysts at Berenberg, made their first call for the equity with a Buy recommendation, according to a research note that dated back to March 13.
COLD equity has an average rating of 2, with the figure leaning towards a bullish end. 7 analysts who tracked the company were contacted by Reuters. Amongst them, 1 rated the stock as a hold while the remaining 6 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while no rated it as a sell. 6 analysts rated Americold Realty Trust (NYSE:COLD) as a buy or a strong buy while not a single analyst advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Moving on, COLD stock price is currently trading at 39.96X forward 12-month Consensus EPS estimates, and its P/E ratio is 206.2 while for the average stock in the same group, the multiple is 32.1. Americold Realty Trust current P/B ratio of 3.9 means it is trading at a premium against its industry’s 3.4.
Americold Realty Trust (COLD)’s current-quarter revenues are projected to climb by nearly 26.9% to hit $387670, based on current consensus estimate. The firm’s full-year revenues are expected to expand by over 16.9% from $1.18 billion to a noteworthy $1.38 billion. At the other end of the current quarter income statement, Americold Realty Trust is expected to see its adjusted earnings surge by roughly 1250% to hit $0.27 per share. For the fiscal year, COLD’s earnings are projected to climb by roughly 116.1% to hit $0.67 per share.