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J.P. Morgan Remains a Sell on Americold Realty (COLD)

Tipranks - Tipranks - Wed Mar 11, 7:30AM CDT

J.P. Morgan analyst Michael Mueller maintained a Sell rating on Americold Realty yesterday and set a price target of $14.00. The company’s shares closed yesterday at $12.25.

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According to TipRanks, Mueller is an analyst with an average return of -1.0% and a 49.59% success rate. Mueller covers the Real Estate sector, focusing on stocks such as Regency Centers, Eastgroup Properties, and Welltower.

The word on The Street in general, suggests a Hold analyst consensus rating for Americold Realty with a $14.00 average price target.

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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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