Ardmore Shipping Corporation (ASC)
NYSE: ASC · Real-Time Price · USD
12.32
-0.04 (-0.32%)
Nov 20, 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 20, with a low estimate of 17 and a high estimate of 26. The average target predicts an increase of 62.34% from the current stock price of 12.32.
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 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 1 | 1 |
| Buy | 0 | 1 | 1 | 1 | 1 | 1 |
| Hold | 0 | 0 | 0 | 0 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 2 | 3 | 3 | 3 | 3 | 3 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Jefferies | Jefferies | Strong Buy Maintains $20 → $17 | Strong Buy | Maintains | $20 → $17 | +37.99% | Nov 14, 2024 |
| Stifel | Stifel | Strong Buy → Hold Downgrades $24 → $17 | Strong Buy → Hold | Downgrades | $24 → $17 | +37.99% | Oct 23, 2024 |
| Jefferies | Jefferies | Strong Buy Maintains $21 → $24 | Strong Buy | Maintains | $21 → $24 | +94.81% | Jul 31, 2024 |
| Stifel | Stifel | Strong Buy Maintains $22 → $24 | Strong Buy | Maintains | $22 → $24 | +94.81% | Jul 24, 2024 |
| Evercore ISI Group | Evercore ISI Group | Buy Maintains $25 → $26 | Buy | Maintains | $25 → $26 | +111.04% | Jul 23, 2024 |
Financial Forecast
Revenue This Year
383.14M
from 395.98M
Decreased by -3.24%
Revenue Next Year
312.11M
from 383.14M
Decreased by -18.54%
EPS This Year
3.39
from 2.71
Increased by 25.04%
EPS Next Year
2.45
from 3.39
Decreased by -27.79%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 501.9M | 467.3M | 305.4M | |
| Avg | 383.1M | 312.1M | 259.3M | |
| Low | 306.9M | 231.9M | 217.7M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 26.7% | 22.0% | -2.1% | |
| Avg | -3.2% | -18.5% | -16.9% | |
| Low | -22.5% | -39.5% | -30.3% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 4.18 | 4.14 | 2.85 | |
| Avg | 3.39 | 2.45 | 1.81 | |
| Low | 2.87 | 1.11 | 0.96 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 54.1% | 22.1% | 16.5% | |
| Avg | 25.0% | -27.8% | -26.0% | |
| Low | 6.1% | -67.3% | -60.8% |
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.