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RBC Capital Keeps Their Hold Rating on Americold Realty (COLD)

Tipranks - Wed Feb 25, 6:29AM CST

In a report released yesterday, Michael Carroll from RBC Capital maintained a Hold rating on Americold Realty, with a price target of $14.00. The company’s shares closed yesterday at $13.30.

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Carroll covers the Real Estate sector, focusing on stocks such as Stag Industrial, Alexandria Equities, and Welltower. According to TipRanks, Carroll has an average return of 7.8% and a 61.92% success rate on recommended stocks.

In addition to RBC Capital, Americold Realty also received a Hold from Evercore ISI’s Steve Sakwa in a report issued on February 20. However, on the same day, Barclays maintained a Buy rating on Americold Realty (NYSE: COLD).

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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