Ardmore Shipping Corporation (ASC)
NYSE: ASC · IEX Real-Time Price · USD
15.86
-0.05 (-0.31%)
At close: Apr 17, 2024, 4:00 PM
15.56
-0.30 (-1.89%)
After-hours: Apr 17, 2024, 5:54 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 20.5, with a low estimate of 20 and a high estimate of 21. The average target predicts an increase of 29.26% from the current stock price of 15.86.

Analyst Consensus: Strong Buy
Target Low Average Median High
Price $20 $20.5 $21 $21
Change +26.10% +29.26% +32.41% +32.41%
* Price targets were last updated on Feb 16, 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 Nov '23Dec '23Jan '24Feb '24Mar '24Apr '24
Strong Buy 222222
Buy 000000
Hold 000000
Sell 000000
Strong Sell 000000
Total 222222

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Stifel
Stifel
Strong Buy
Maintains
$20$21
Strong Buy Maintains $20$21 +32.41% Feb 16, 2024
Jefferies
Jefferies
Strong Buy
Reiterates
$20
Strong Buy Reiterates $20 +26.10% Feb 15, 2024
Jefferies
Jefferies
Strong Buy
Reiterates
$16$18
Strong Buy Reiterates $16$18 +13.49% Aug 1, 2023
Stifel
Stifel
Strong Buy
Maintains
$24$19
Strong Buy Maintains $24$19 +19.80% Jul 19, 2023
Jefferies
Jefferies
Strong Buy
Maintains
$20$17
Strong Buy Maintains $20$17 +7.19% May 9, 2023
More Analyst Ratings

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%
Year 20192020202120222023202420252026
Revenue
230.04M220.06M192.48M445.74M395.98M352.95M303.34M273.86M
Revenue Growth
9.45%-4.34%-12.53%131.57%-11.16%-10.87%-14.06%-9.72%
EPS
-0.69-0.18-1.123.522.713.012.411.72
EPS Growth
-----23.01%11.20%-20.16%-28.69%
No. Analysts -----775
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 202420252026
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 202420252026
High
18.3%
11.3%
11.8%
Avg
-10.9%
-14.1%
-9.7%
Low
-35.4%
-43.9%
-35.5%

EPS Forecast

EPS 202420252026
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 202420252026
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.