Ardmore Shipping Corporation (ASC)
NYSE: ASC · IEX Real-Time Price · USD
16.54
+0.16 (1.01%)
Apr 25, 2024, 1:35 PM EDT - Market open
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, with a low estimate of 20 and a high estimate of 22. The average target predicts an increase of 27.00% from the current stock price of 16.54.
Analyst Consensus: Strong Buy
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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '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 |
|---|---|---|---|---|---|---|---|
| Stifel | Stifel | Strong Buy Maintains $21 → $22 | Strong Buy | Maintains | $21 → $22 | +33.05% | Apr 19, 2024 |
| Stifel | Stifel | Strong Buy Maintains $20 → $21 | Strong Buy | Maintains | $20 → $21 | +27.00% | Feb 16, 2024 |
| Jefferies | Jefferies | Strong Buy Reiterates $20 | Strong Buy | Reiterates | $20 | +20.96% | Feb 15, 2024 |
| Jefferies | Jefferies | Strong Buy Reiterates $16 → $18 | Strong Buy | Reiterates | $16 → $18 | +8.86% | Aug 1, 2023 |
| Stifel | Stifel | Strong Buy Maintains $24 → $19 | Strong Buy | Maintains | $24 → $19 | +14.91% | Jul 19, 2023 |
Financial Forecast
Revenue This Year
352.95M
from 395.98M
Decreased by -10.87%
Revenue Next Year
303.34M
from 352.95M
Decreased by -14.06%
EPS This Year
3.01
from 2.71
Increased by 11.20%
EPS Next Year
2.41
from 3.01
Decreased by -20.16%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 468.3M | 392.7M | 339.2M |
| Avg | 353.0M | 303.3M | 273.9M |
| Low | 255.7M | 197.9M | 195.6M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 18.3% | 11.3% | 11.8% |
| Avg | -10.9% | -14.1% | -9.7% |
| Low | -35.4% | -43.9% | -35.5% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 3.96 | 3.32 | 2.23 |
| Avg | 3.01 | 2.41 | 1.72 |
| Low | 2.21 | 1.29 | 1.20 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 46.1% | 10.1% | -7.2% |
| Avg | 11.2% | -20.2% | -28.7% |
| Low | -18.6% | -57.1% | -50.3% |
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.