Ardmore Shipping Corporation (ASC)
NYSE: ASC · IEX Real-Time Price · USD
22.44
+0.12 (0.54%)
At close: Jul 2, 2024, 4:00 PM
22.40
-0.04 (-0.18%)
After-hours: Jul 2, 2024, 7:09 PM EDT
Ardmore Shipping Stock Forecast
Stock Price Forecast
The 2 analysts with 12-month price forecasts for Ardmore Shipping stock have an average target of 21.5, with a low estimate of 21 and a high estimate of 22. The average target predicts a decrease of -4.19% from the current stock price of 22.44.
Analyst Consensus: Strong Buy
* Price targets were last updated on May 8, 2024.
Analyst Ratings
The average analyst rating for ASC stock from 2 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 0 | 0 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 2 | 2 | 2 | 2 | 2 | 2 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Jefferies | Jefferies | Strong Buy Maintains $20 → $21 | Strong Buy | Maintains | $20 → $21 | -6.42% | May 8, 2024 |
| Stifel | Stifel | Strong Buy Maintains $21 → $22 | Strong Buy | Maintains | $21 → $22 | -1.96% | Apr 19, 2024 |
| Stifel | Stifel | Strong Buy Maintains $20 → $21 | Strong Buy | Maintains | $20 → $21 | -6.42% | Feb 16, 2024 |
| Jefferies | Jefferies | Strong Buy Reiterates $20 | Strong Buy | Reiterates | $20 | -10.87% | Feb 15, 2024 |
| Jefferies | Jefferies | Strong Buy Reiterates $16 → $18 | Strong Buy | Reiterates | $16 → $18 | -19.79% | Aug 1, 2023 |
Financial Forecast
Revenue This Year
389.15M
from 395.98M
Decreased by -1.72%
Revenue Next Year
320.51M
from 389.15M
Decreased by -17.64%
EPS This Year
3.72
from 2.71
Increased by 37.30%
EPS Next Year
2.72
from 3.72
Decreased by -26.98%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 501.9M | 422.1M | 309.8M | 214.8M |
| Avg | 389.2M | 320.5M | 272.0M | 206.6M |
| Low | 286.3M | 231.6M | 217.7M | 200.4M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 26.7% | 8.5% | -3.4% | -21.0% |
| Avg | -1.7% | -17.6% | -15.1% | -24.1% |
| Low | -27.7% | -40.5% | -32.1% | -26.3% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 4.65 | 3.59 | 2.87 | 2.10 |
| Avg | 3.72 | 2.72 | 1.90 | 2.02 |
| Low | 2.87 | 1.26 | 1.20 | 1.96 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 71.6% | -3.5% | 5.5% | 10.8% |
| Avg | 37.3% | -27.0% | -30.2% | 6.6% |
| Low | 6.0% | -66.0% | -56.0% | 3.4% |
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.