Wolfe Research has recently raised Americold Realty Trust Inc (COLD) stock to Outperform rating, as announced on July 1, 2024, according to Finviz. Earlier, on June 26, 2024, JP Morgan had raised the stock from a Neutral to Overweight, setting a price target of $30. Scotiabank also raised Sector Outperform rating with a price target of $30. Additionally, Wells Fargo initiated Equal Weight rating on April 25, 2024, with a target price of $24. Scotiabank analysts, in their report published on March 27, 2024, also initiated Sector Perform rating for Americold Realty Trust Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
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Americold Realty Trust Inc (COLD) Stock Trading Recap
On Monday, Americold Realty Trust Inc (COLD) stock saw a modest uptick, ending the day at $22.82 which represents a slight increase of $0.06 or 0.26% from the prior close of $22.76. The stock opened at $22.74 and touched a low of $22.59 during the day, reaching a high of $23.05. The volume of shares traded was 1.98 million exceeding the average volume of 1.66 million.
COLD Stock Performance and Moving Averages
In recent trading, Americold Realty Trust Inc (COLD) stock price has shown some volatility, fluctuating -11.58% over the last five trades and -15.01% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by -3.71%, and it has plunged by -20.54% in the previous three months. Currently, COLD is trading at -11.14%, -16.18%, and -13.77% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, COLD, a Real Estate sector stock, is trading -26.20% below its 52-week high but remains 4.34% above its 52-week low. The Average True Range (ATR) (14 days) of 0.71 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Americold Realty Trust Inc’s Profitability and Valuation Ratios
Americold Realty Trust Inc’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of 8.17% and a profit margin of -10.63%, with a gross margin of -3.71%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Americold Realty Trust Inc’s market capitalization stands at $6.37 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The forward P/E ratio, which uses projected earnings for the next financial year, is 43.34. Additionally, the Price-to-Sales Ratio is 2.38, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 1.93, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 0.22% of Americold Realty Trust Inc (COLD)’s shares, while financial institutions hold 102.83%.
Notable insider trades include NOVOSEL THOMAS C, See Remarks at Americold Realty Trust Inc (COLD), who sold 6000 shares on Dec 06 ’23, at $28.36 each, totaling $0.17 million. On Nov 28 ’23, CHAMBERS ROBERT SCOTT, EVP, Chief Commercial Officer, sold 9100 shares for $28.22 each, amounting to $0.26 million.
