
Americold Realty (COLD) Stock Forecast & Price Target
Americold Realty (COLD) Analyst Ratings
Bulls say
Americold Realty Trust, as the world's second-largest owner and operator of temperature-controlled warehouses, has shown a strong recovery trajectory, with the same-store portfolio experiencing a growth of 13.8% in Q2 2023 and projections of 15-20% growth for the full year. Key financial metrics reflect a positive outlook, with expectations for service margins to increase significantly from 3.8% in 2023 to 6.8% in 2024, and potential further expansion as throughput recovers. Additionally, the company anticipates solid Adjusted Funds From Operations (AFFO) growth of 11.1% in 2024 and 12.6% in 2025, indicating a robust underlying financial performance that may enhance investor confidence.
Bears say
Americold Realty Trust has observed a significant decline in throughput volumes, with a 9% year-over-year drop in the third quarter of 2023, prompting a downward revision of its full-year revenue outlook to a decrease of 6.0% to 7.5%. The company is expected to continue experiencing declining throughput, with projections indicating a 2% drop in 2024, exacerbated by challenging comparisons and a weaker consumer demand for temperature-sensitive products. These factors contribute to increased investor concern regarding the long-term financial prospects for Americold, with estimates suggesting a potential decline in its EV/EBITDA multiple from 14x to 15.5x in light of these trends.
This aggregate rating is based on analysts' research of Americold Realty and is not a guaranteed prediction by Public.com or investment advice.
Americold Realty (COLD) Analyst Forecast & Price Prediction
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