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Wednesday, January 27, 2021

Can We Expect More Volatility From Americold Realty Trust (COLD)?

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Americold Realty Trust (COLD) shares are trading at lower $33.84 and the avg recommendation for the stock is Strong Buy, while the current analyst price target stands at $43.86.

To add more color to this target, the company’s high over the last year is $41.29 and the low is $23.30. Over the last 52 weeks, COLD is down -9.30% while the S&P 500 is up 18.49%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, COLD reported a profit of $37.46 million. Americold Realty Trust also saw revenues increase to $497.46 million. In addition, COLD has free cash flow of -$39.95 million as of 09-2020. The company’s EBITDA came in at $92.27 million which compares well with its peers.

COLD booked profit margins of 4.60%, its Return on Equity (ROE) is 4.40%, and its Return on Assets is 2.00%. All told, it is clear that, COLD needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. COLD has a short ratio of 11.83 and outstanding shares of 204.29M.

Company Outlook

COLD has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 2.45 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 0.44. Investors should also keep an eye on sector updates as COLD has historically followed its peers on positive news.

All told, Americold Realty Trust COLD has strung together solid data and demonstrated underlying fundamentals. At its current valuation, COLD represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Americold Realty Trust COLD is now commanding a market cap of 6.89B and a float of 200.47M. COLD is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of COLD stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in COLD, either long or short, and we have not been compensated for this article.

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