What’s the Analyst Recommendation for Americold Realty Trust (COLD)?

Americold Realty Trust (COLD) share price plummeted -2.00% with the closing price of $37.77 on Wednesday. Americold Realty Trust stock has an exchanging volume of 14.22 million shares, which is high, contrasted with its 3-months average volume of 1.23M shares. Its market capitalization has now reached to $7.51B and analysts have a consensus target price of $44.13 in the 12-month period.

Americold Realty Trust Announces Upsize and Pricing of Forward Common Share Offering on October 14, 2020 at Yahoo.

Americold Realty Trust (NYSE:COLD) reported the upsize and pricing of its underwritten registered public offering of 31,900,000 common shares at a public offering price of $38.00 per share in connection with the forward sale agreements described below. The offering was upsized from the previously announced offering size of 29,000,000 common shares. The underwriters have been granted a 30-day option to purchase up to an additional 4,785,000 common shares. The offering is expected to close on October 16, 2020, subject to customary closing conditions.

Citigroup Global Markets Inc., BofA Securities and Goldman Sachs & Co. LLC are acting as lead book-running managers and representatives of the underwriters. J.P. Morgan, Morgan Stanley, Rabo Securities, RBC Capital Markets and Truist Securities are acting as book-running managers and BTIG, Citizens Capital Markets, Raymond James, Regions Securities LLC, Baird and Berenberg are acting as co-managers for this offering.

The Company has entered into separate forward sale agreements with Citigroup Global Markets Inc., BofA Securities and Goldman Sachs & Co. LLC or their respective affiliates (the “forward purchasers”) with respect to a total of 31,900,000 common shares. If the underwriters exercise their option to purchase additional common shares, the Company expects to enter into additional separate forward sale agreements on substantially the same terms with each of the forward purchasers for a total number of common shares equal to the number of common shares the underwriters elect to purchase in their option exercise. In connection with the forward sale agreements, the forward purchasers are expected to borrow and sell to the underwriters an aggregate of 31,900,000 common shares that will be delivered in the offering.

Subject to its right to elect cash or net share settlement subject to certain conditions, the Company intends to deliver, upon settlement of the forward sale agreements on one or more dates specified by the Company, which are expected to occur no later than approximately 12 months following the date of the prospectus supplement relating to the offering (unless extended), an aggregate of 31,900,000 common shares to the forward purchasers in exchange for cash proceeds per common share equal to the applicable forward sale price, which will be the public offering price, less the underwriting discount, and will be subject to certain adjustments as provided in each such forward sale agreement.

If a forward purchaser or its affiliate does not sell all the common shares to be sold by it to the underwriters in the offering, the Company will issue and sell directly to the underwriters a number of common shares equal to the number of common shares that such forward purchaser (or its affiliate) does not sell, and the number of common shares underlying the relevant forward sale agreement will be decreased in respect of the number of common shares that the Company issues and sells.

The Company will not initially receive any proceeds from the sale of its common shares by the forward purchasers. The Company expects to use the net proceeds, if any, it receives upon the settlement of the forward agreements (and from the sale of common shares that it may sell to the underwriters in lieu of the forward purchasers (or their respective affiliates) selling common shares to the underwriters), together with proceeds from its debt private placement (if completed), the issuance of 14,166,667 common shares in a private placement with the sellers in connection with the Agro Merchants Acquisition (as defined below) and, if necessary, cash on hand, to fund the previously announced acquisition of certain subsidiaries of Agro Merchants Group that collectively operate the business of Agro Merchants Group (the “Agro Merchants Acquisition”). Any remaining proceeds are expected to be used for the funding of other development, expansion and acquisition opportunities. In the event the Agro Merchants Acquisition is not completed, the Company intends to use the net proceeds it receives for general business purposes, including repayment of outstanding indebtedness and the funding of other development, expansion and acquisition opportunities.

Berenberg announced it was Upgrade coverage of Americold Realty Trust in a research note on August 13, 2020. BofA/Merrill rated the stock as a Buy in a research noted published on May 11, 2020. BofA/Merrill rated the stock as a Neutral in a research note published on February 24, 2020.

COLD Past Trading Activity

The market tends to become urbane often, in any event, for prepared investors and traders. In any event, when a merchant got what he/she had expected, the market occasionally chooses to move the other way. This instability leads a few traders questioning and re-thinking their moves. This is the reason becoming acquainted with past price performance, just as both long and short time period, is significant. If we look the past performance, during the last one week, COLD price has rose by 1.31%. In the course of past three months sees the stock go up around 4.48%, while it has gain 13.97% over the past six months and 7.73% since the start of the year.

COLD Earning History

Earnings per share are the amount of profit that a company produces during a specific period, which is usually defined as a quarter (three calendar months) or a year. In recent quarter of (Sep 2020), the firm recorded a revenue of 469.19 billion, which was higher than the gauge of 408.88M made by certain experts. For that equivalent quarter, Americold Realty Trust posted $0.16 earnings per share (EPS) which was above the consensus estimate of $0.14 by $0.02, which represents to an expansion by 14.30%.

COLD Price Performance

Let us presently take a gander at a portion of its probable help and opposition resistance. Late research on Americold Realty Trust has seen its stock exchanging -8.53% underneath its three-month high price. A glance at the opposite side additionally observes stock exchanging +8.53% above its three-month low. A more extensive look sees COLD exchanging -8.53% beneath its 52-week high and 62.10% above from its 52-week low price.

COLD Instability & Beta Factor

The Volatility of a stock means that the stock’s drop or increase in the event that the more extensive market drops or rushes. A beta score higher than 1 implies that a stock is profoundly unpredictable while underneath 1 implies that the Volatility of a stock is low. If we look trading Volatility. Its 7-day Volatility is around 2.33%, while it has a month to month instability of 2.32%. The company has an ATR (Average True Range) of 0.91.

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