AmeriCold Realty Trust (COLD) Coverage Initiated by Analysts at SunTrust Banks

Investment analysts at SunTrust Banks assumed coverage on shares of AmeriCold Realty Trust (NYSE:COLD) in a research note issued on Tuesday, Marketbeat reports. The firm set a “buy” rating and a $21.00 price target on the stock. SunTrust Banks’ price objective would indicate a potential upside of 16.80% from the company’s current price.

Several other equities research analysts have also issued reports on COLD. JPMorgan Chase & Co. assumed coverage on AmeriCold Realty Trust in a research report on Tuesday. They set a “neutral” rating and a $19.00 target price for the company. Bank of America assumed coverage on AmeriCold Realty Trust in a research report on Tuesday. They set a “buy” rating and a $20.00 target price for the company. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. AmeriCold Realty Trust presently has a consensus rating of “Buy” and an average target price of $20.40.

Shares of AmeriCold Realty Trust (COLD) opened at $17.98 on Tuesday. AmeriCold Realty Trust has a 12-month low of $16.13 and a 12-month high of $18.41.

In other news, major shareholder Goldman Sachs Group Inc acquired 125,000 shares of the firm’s stock in a transaction that occurred on Friday, January 19th. The stock was bought at an average price of $17.40 per share, with a total value of $2,175,000.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ronald W. Burkle sold 13,581,284 shares of AmeriCold Realty Trust stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $14.90, for a total value of $202,361,131.60. The disclosure for this sale can be found here.

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About AmeriCold Realty Trust

Americold Realty Trust is a real estate investment trust (REIT) engaged in the provision of temperature controlled warehousing and distribution services in the United States. The Company operates 104 facilities, of which 90 are wholly owned or leased, 13 are managed for outside owners, and one is partially owned.

Analyst Recommendations for AmeriCold Realty Trust (NYSE:COLD)

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