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Investing.com - RBC Capital lowered its price target on Americold Realty Trust (NYSE:COLD) to $19.00 from $25.00 on Monday, while maintaining an Outperform rating on the cold storage real estate investment trust. The stock, currently trading at $14.85, has declined nearly 29% year-to-date, though InvestingPro data shows it’s trading near its Fair Value.
The price target reduction follows Americold’s second-quarter 2025 results, which prompted the company to cut its guidance for the second time this year amid ongoing fundamental challenges.
RBC Capital noted that Americold management has adopted "an even more conservative stance" in response to the uncertain operating environment the company faces.
Despite the significant price target reduction, RBC believes the earnings trend for Americold is now "de-risked at least in the near-term," supporting its decision to maintain an Outperform rating.
The firm has "noticeably" reduced its estimates for Americold to reflect what it describes as a "more muted operating environment" for the cold storage REIT.
In other recent news, Americold Realty Trust reported its second-quarter earnings for 2025, missing the earnings per share (EPS) forecast. The company posted an EPS of $0.01, falling short of the expected $0.07, which was an 85.71% negative surprise. However, revenue slightly exceeded expectations, reaching $650.7 million compared to the forecasted $644.88 million. Americold also celebrated the opening of a new $100+ million import-export hub in Kansas City, Missouri, in partnership with Canadian Pacific (NYSE:CP) Kansas City. This 335,000-square-foot facility is a key hub for the Mexico Midwest Express, enhancing refrigerated goods transport between the U.S. and Mexico.
Additionally, Baird has lowered its price target for Americold to $19 from $23, citing persistent industry challenges, though it maintains an Outperform rating. Raymond (NSE:RYMD) James also adjusted its price target to $22 from $25, highlighting near-term occupancy challenges due to weak end-consumer demand. Despite these challenges, Raymond James continues to hold a positive long-term outlook for Americold. These recent developments provide a comprehensive view of the company’s current standing and future prospects.
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