AmeriCold Realty Trust (COLD) Now Covered by Royal Bank of Canada

Equities research analysts at Royal Bank of Canada initiated coverage on shares of AmeriCold Realty Trust (NYSE:COLD) in a research report issued to clients and investors on Tuesday. The firm set an “outperform” rating and a $22.00 price target on the stock. Royal Bank of Canada’s price objective points to a potential upside of 22.36% from the stock’s current price.

A number of other equities analysts have also recently commented on COLD. JPMorgan Chase & Co. initiated coverage on AmeriCold Realty Trust in a research note on Tuesday. They issued a “neutral” rating and a $19.00 price target on the stock. Bank of America initiated coverage on AmeriCold Realty Trust in a research note on Tuesday. They issued a “buy” rating and a $20.00 price target on the stock. Finally, SunTrust Banks initiated coverage on AmeriCold Realty Trust in a research note on Tuesday. They issued a “buy” rating and a $21.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $20.40.

AmeriCold Realty Trust (NYSE:COLD) opened at $17.98 on Tuesday. AmeriCold Realty Trust has a 12 month low of $16.13 and a 12 month high of $18.41.

In other AmeriCold Realty Trust news, major shareholder Goldman Sachs Group Inc bought 125,000 shares of AmeriCold Realty Trust stock in a transaction dated Friday, January 19th. The shares were purchased at an average cost of $17.40 per share, with a total value of $2,175,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ronald W. Burkle sold 13,581,284 shares of the business’s stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $14.90, for a total value of $202,361,131.60. The disclosure for this sale can be found here.

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About AmeriCold Realty Trust

Americold Realty Trust is a real estate investment trust (REIT) engaged in the provision of temperature controlled warehousing and distribution services in the United States. The Company operates 104 facilities, of which 90 are wholly owned or leased, 13 are managed for outside owners, and one is partially owned.

Analyst Recommendations for AmeriCold Realty Trust (NYSE:COLD)

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