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Wells Fargo Reaffirms Their Hold Rating on Americold Realty (COLD)

Tipranks - Wed Apr 15, 6:12AM CDT

In a report released yesterday, from Wells Fargo maintained a Hold rating on Americold Realty, with a price target of $16.00. The company’s shares closed yesterday at $12.28.

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Currently, the analyst consensus on Americold Realty is a Hold with an average price target of $14.63, representing a 19.14% upside. In a report released on April 1, Piper Sandler also initiated coverage with a Hold rating on the stock with a $13.00 price target.

Based on Americold Realty’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $658.45 million and a GAAP net loss of $88.34 million. In comparison, last year the company earned a revenue of $666.44 million and had a GAAP net loss of $36.22 million

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