Ardmore Shipping Corporation (ASC)
NYSE: ASC · Real-Time Price · USD
13.91
-0.13 (-0.93%)
Nov 4, 2024, 4:00 PM EST - Market closed
Ardmore Shipping Stock Forecast
Stock Price Forecast
The 3 analysts with 12-month price forecasts for Ardmore Shipping stock have an average target of 22.33, with a low estimate of 17 and a high estimate of 26. The average target predicts an increase of 60.53% from the current stock price of 13.91.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for ASC stock from 3 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 2 | 1 |
| Buy | 0 | 0 | 1 | 1 | 1 | 1 |
| Hold | 0 | 0 | 0 | 0 | 0 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 2 | 2 | 3 | 3 | 3 | 3 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Stifel | Stifel | Strong Buy → Hold Downgrades $24 → $17 | Strong Buy → Hold | Downgrades | $24 → $17 | +22.21% | Oct 23, 2024 |
| Jefferies | Jefferies | Strong Buy Maintains $21 → $24 | Strong Buy | Maintains | $21 → $24 | +72.54% | Jul 31, 2024 |
| Stifel | Stifel | Strong Buy Maintains $22 → $24 | Strong Buy | Maintains | $22 → $24 | +72.54% | Jul 24, 2024 |
| Evercore ISI Group | Evercore ISI Group | Buy Maintains $25 → $26 | Buy | Maintains | $25 → $26 | +86.92% | Jul 23, 2024 |
| Jefferies | Jefferies | Strong Buy Maintains $20 → $21 | Strong Buy | Maintains | $20 → $21 | +50.97% | May 8, 2024 |
Financial Forecast
Revenue This Year
382.02M
from 395.98M
Decreased by -3.52%
Revenue Next Year
298.35M
from 382.02M
Decreased by -21.90%
EPS This Year
3.49
from 2.71
Increased by 28.70%
EPS Next Year
2.49
from 3.49
Decreased by -28.51%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 501.9M | 467.3M | 305.4M | |
| Avg | 382.0M | 298.4M | 237.6M | |
| Low | 306.9M | 197.6M | 177.5M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 26.7% | 22.3% | 2.4% | |
| Avg | -3.5% | -21.9% | -20.4% | |
| Low | -22.5% | -48.3% | -40.5% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 4.18 | 4.14 | 2.85 | |
| Avg | 3.49 | 2.49 | 1.82 | |
| Low | 2.97 | 1.14 | 1.02 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 54.1% | 18.6% | 14.3% | |
| Avg | 28.7% | -28.5% | -27.0% | |
| Low | 9.6% | -67.4% | -59.1% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.