
Ardmore Shipping (ASC) Stock Forecast & Price Target
Ardmore Shipping (ASC) Analyst Ratings
Bulls say
Ardmore Shipping Corp is experiencing a favorable market environment, enhanced by rising refinery margins which are likely to bolster ton-mile demand for its fleet. The company's robust financial position is underscored by $243.4 million in total liquidity and a low debt balance of $38.8 million, allowing for shareholder returns through dividends and a share buyback program. Additionally, Ardmore's fourth-quarter adjusted earnings surpassed expectations, driven by improved spot rates and strong performance in its chemical tanker segment, reflecting a positive year-over-year uplift.
Bears say
Ardmore Shipping Corp's adjusted EBITDA of $20.2 million fell short of the consensus estimate, highlighting potential challenges in sustaining revenue growth despite better-than-expected revenues. The company's forecasted earnings per share (EPS) for the first quarter has been adjusted downward, indicating a decline from the previous quarter and reflecting a negative trend in profitability. Additionally, the anticipated capital expenditures of $30-35 million in 2025 coupled with market softness due to increased competition and reduced demand for oil further support a negative outlook for the company's financial performance.
This aggregate rating is based on analysts' research of Ardmore Shipping and is not a guaranteed prediction by Public.com or investment advice.
Ardmore Shipping (ASC) Analyst Forecast & Price Prediction
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