Ardmore Shipping Corporation (ASC)
NYSE: ASC · IEX Real-Time Price · USD
20.53
-0.28 (-1.35%)
Jul 26, 2024, 4:00 PM EDT - 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 23.67, with a low estimate of 21 and a high estimate of 26. The average target predicts an increase of 15.29% from the current stock price of 20.53.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for ASC stock from 3 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 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
---|---|---|---|---|---|---|
Strong Buy | 2 | 2 | 2 | 2 | 2 | 2 |
Buy | 0 | 0 | 0 | 0 | 0 | 1 |
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 | 3 |
Latest Forecasts
Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
---|---|---|---|---|---|---|---|
Stifel | Stifel | Strong Buy Maintains $22 → $24 | Strong Buy | Maintains | $22 → $24 | +16.90% | Jul 24, 2024 |
Evercore ISI Group | Evercore ISI Group | Buy Maintains $25 → $26 | Buy | Maintains | $25 → $26 | +26.64% | Jul 23, 2024 |
Jefferies | Jefferies | Strong Buy Maintains $20 → $21 | Strong Buy | Maintains | $20 → $21 | +2.29% | May 8, 2024 |
Stifel | Stifel | Strong Buy Maintains $21 → $22 | Strong Buy | Maintains | $21 → $22 | +7.16% | Apr 19, 2024 |
Stifel | Stifel | Strong Buy Maintains $20 → $21 | Strong Buy | Maintains | $20 → $21 | +2.29% | Feb 16, 2024 |
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.