Ardmore Shipping (ASC) Stock Forecast, Price Target & Predictions
ASC Stock Forecast
Ardmore Shipping stock forecast is as follows: an average price target of $17.00 (represents a 50.31% upside from ASC’s last price of $11.31) and a rating consensus of 'Buy', based on 4 wall street analysts offering a 1-year stock forecast.
ASC Price Target
The average price target for Ardmore Shipping (ASC) is $17.00 based on 1-year price targets from 4 Wall Street analysts in the past 3 months, with a price target range of $17.00 to $17.00. This represents a potential 50.31% upside from ASC's last price of $11.31.
ASC Analyst Ratings
According to 4 Wall Street analysts, Ardmore Shipping's rating consensus is 'Buy'. The analyst rating breakdown for ASC stock is 1 'Strong Buy' (25.00%), 3 'Buy' (75.00%), 0 'Hold' (0.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Ardmore Shipping Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 23, 2024 | longer ton-miles | Stifel Nicolaus | $17.00 | $16.22 | 4.81% | 50.31% |
| Jul 24, 2024 | Benjamin Nolan | Stifel Nicolaus | $24.00 | $21.30 | 12.68% | 112.20% |
| Mar 25, 2024 | Omar Nokta | Jefferies | $20.00 | $16.35 | 22.32% | 76.83% |
| Nov 29, 2022 | Jefferies | $17.00 | $15.20 | 11.84% | 50.31% | |
| Apr 22, 2022 | H.C. Wainwright | $8.50 | $5.51 | 54.26% | -24.85% |
The latest Ardmore Shipping stock forecast, released on Oct 23, 2024 by longer ton-miles from Stifel Nicolaus, set a price target of $17.00, which represents a 4.81% increase from the stock price at the time of the forecast ($16.22), and a 50.31% increase from ASC last price ($11.31).
Ardmore Shipping Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 1 | 3 |
| Avg Price Target | - | $17.00 | $20.33 |
| Last Closing Price | $11.31 | $11.31 | $11.31 |
| Upside/Downside | -100.00% | 50.31% | 79.75% |
In the current month, the average price target of Ardmore Shipping stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Ardmore Shipping's last price of $11.31. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Jul 23, 2024 | Evercore ISI | Outperform | Outperform | Hold |
| Mar 25, 2024 | Raymond James | Strong Buy | Strong Buy | Hold |
| Nov 29, 2022 | Jefferies | Buy | Buy | Hold |
| Nov 02, 2022 | Jefferies | Buy | Buy | Hold |
| Apr 26, 2022 | Zacks Investment Research | Buy | Upgrade |
Ardmore Shipping's last stock rating was published by Evercore ISI on Jul 23, 2024. The company gave ASC a "Outperform" rating, the same as its previous rate.
Ardmore Shipping Financial Forecast
Ardmore Shipping Revenue Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $118.23M | $132.83M | $142.42M | $107.13M | $63.37M | $52.46M | $47.20M | $47.27M | $45.55M | $41.73M | $45.21M |
| Avg Forecast | $115.45M | $113.83M | $112.24M | $110.67M | $50.30M | $50.30M | $49.75M | $49.21M | $49.67M | $41.96M | $45.28M | $52.55M | $54.20M | $65.10M | $80.51M | $72.46M | $62.73M | $53.47M | $60.63M | $78.63M | $87.81M | $89.72M | $60.46M | $32.85M | $28.32M | $24.58M | $25.43M | $24.89M | $23.41M | $29.26M |
| High Forecast | $117.95M | $116.29M | $114.67M | $113.06M | $51.39M | $51.39M | $50.83M | $50.27M | $50.74M | $42.87M | $46.26M | $53.68M | $57.88M | $67.57M | $80.51M | $72.46M | $66.85M | $75.90M | $61.94M | $80.33M | $89.71M | $89.72M | $60.46M | $32.85M | $28.32M | $24.58M | $25.43M | $24.89M | $23.41M | $29.26M |
| Low Forecast | $112.48M | $110.90M | $109.35M | $107.82M | $49.00M | $49.00M | $48.47M | $47.94M | $48.39M | $40.88M | $44.12M | $51.20M | $50.52M | $62.63M | $80.51M | $72.46M | $58.61M | $43.78M | $59.06M | $76.61M | $85.55M | $89.72M | $60.46M | $32.85M | $28.32M | $24.58M | $25.43M | $24.89M | $23.41M | $29.26M |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 2 | 5 | 2 | 2 | 1 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 15 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.50% | 1.51% | 1.59% | 1.77% | 1.93% | 1.85% | 1.92% | 1.86% | 1.83% | 1.78% | 1.55% |
Ardmore Shipping's average Quarter revenue forecast for Jun 23 based on 2 analysts is $60.63M, with a low forecast of $59.06M, and a high forecast of $61.94M. ASC's average Quarter revenue forecast represents a -48.72% decrease compared to the company's last Quarter revenue of $118.23M (Mar 23).
Ardmore Shipping EBITDA Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 2 | 5 | 2 | 2 | 1 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 15 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $54.23M | $58.46M | $71.11M | $41.34M | $11.04M | $4.41M | $111.83K | $4.13M | $3.15M | $-9.10M | $5.53M |
| Avg Forecast | $29.74M | $29.32M | $28.91M | $28.50M | $12.95M | $12.95M | $12.81M | $12.67M | $12.79M | $10.81M | $11.66M | $13.53M | $13.96M | $16.77M | $20.74M | $7.02M | $16.16M | $13.77M | $15.61M | $7.51M | $5.57M | $23.97M | $16.15M | $8.04M | $7.57M | $6.57M | $6.79M | $3.65M | $6.25M | $7.82M |
| High Forecast | $30.38M | $29.95M | $29.53M | $29.12M | $13.23M | $13.23M | $13.09M | $12.95M | $13.07M | $11.04M | $11.92M | $13.83M | $14.91M | $17.40M | $20.74M | $8.43M | $17.22M | $19.55M | $15.95M | $9.02M | $6.69M | $23.97M | $16.15M | $9.64M | $7.57M | $6.57M | $6.79M | $4.39M | $6.25M | $7.82M |
| Low Forecast | $28.97M | $28.56M | $28.16M | $27.77M | $12.62M | $12.62M | $12.48M | $12.35M | $12.46M | $10.53M | $11.36M | $13.19M | $13.01M | $16.13M | $20.74M | $5.62M | $15.10M | $11.28M | $15.21M | $6.01M | $4.46M | $23.97M | $16.15M | $6.43M | $7.57M | $6.57M | $6.79M | $2.92M | $6.25M | $7.82M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 7.22% | 10.49% | 2.97% | 2.56% | 1.37% | 0.58% | 0.02% | 0.61% | 0.86% | -1.46% | 0.71% |
2 analysts predict ASC's average Quarter EBITDA for Jun 23 to be $15.61M, with a high of $15.95M and a low of $15.21M. This is -71.21% lower than Ardmore Shipping's previous annual EBITDA (Mar 23) of $54.23M.
Ardmore Shipping Net Income Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 2 | 5 | 2 | 2 | 1 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 15 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $44.09M | $53.94M | $61.83M | $29.69M | $-7.24M | $-7.66M | $-12.29M | $-8.13M | $-8.50M | $-19.52M | $-6.63M |
| Avg Forecast | $27.57M | $27.22M | $26.42M | $25.63M | $26.50M | $26.26M | $25.42M | $24.57M | $23.18M | $12.94M | $16.31M | $18.26M | $16.84M | $21.39M | $45.01M | $-9.92M | $25.80M | $18.56M | $23.52M | $-10.61M | $-10.01M | $60.50M | $30.45M | $-11.34M | $-10.68M | $-15.63M | $-11.51M | $-9.87M | $-18.38M | $-8.52M |
| High Forecast | $28.34M | $27.98M | $27.16M | $26.35M | $27.25M | $27.00M | $26.13M | $25.26M | $23.84M | $13.30M | $16.77M | $18.77M | $19.43M | $21.99M | $45.02M | $-7.93M | $27.11M | $20.82M | $24.19M | $-8.48M | $-8.01M | $60.50M | $30.45M | $-9.07M | $-10.68M | $-15.63M | $-11.51M | $-7.89M | $-18.38M | $-8.52M |
| Low Forecast | $26.64M | $26.31M | $25.53M | $24.77M | $25.62M | $25.39M | $24.57M | $23.75M | $22.41M | $12.51M | $15.76M | $17.65M | $13.82M | $20.68M | $45.01M | $-11.90M | $24.49M | $12.67M | $22.74M | $-12.73M | $-12.02M | $60.50M | $30.45M | $-13.61M | $-10.68M | $-15.63M | $-11.51M | $-11.84M | $-18.38M | $-8.52M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -4.16% | -5.39% | 1.02% | 0.97% | 0.64% | 0.72% | 0.79% | 0.71% | 0.86% | 1.06% | 0.78% |
Ardmore Shipping's average Quarter net income forecast for Jun 23 is $23.52M, with a range of $22.74M to $24.19M. ASC's average Quarter net income forecast represents a -46.64% decrease compared to the company's last Quarter net income of $44.09M (Mar 23).
Ardmore Shipping SG&A Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 2 | 5 | 2 | 2 | 1 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 15 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $6.23M | $6.66M | $6.75M | $5.34M | $5.36M | $4.27M | $5.04M | $4.95M | $4.94M | $3.30M | $4.91M |
| Avg Forecast | $8.72M | $8.60M | $8.48M | $8.36M | $3.80M | $3.80M | $3.76M | $3.72M | $3.75M | $3.17M | $3.42M | $3.97M | $4.10M | $4.92M | $6.08M | $7.59M | $4.74M | $4.04M | $4.58M | $8.12M | $5.40M | $6.78M | $4.57M | $8.68M | $2.14M | $1.86M | $1.92M | $5.73M | $1.77M | $2.21M |
| High Forecast | $8.91M | $8.79M | $8.66M | $8.54M | $3.88M | $3.88M | $3.84M | $3.80M | $3.83M | $3.24M | $3.50M | $4.06M | $4.37M | $5.11M | $6.08M | $9.11M | $5.05M | $5.73M | $4.68M | $9.74M | $6.48M | $6.78M | $4.57M | $10.42M | $2.14M | $1.86M | $1.92M | $6.88M | $1.77M | $2.21M |
| Low Forecast | $8.50M | $8.38M | $8.26M | $8.15M | $3.70M | $3.70M | $3.66M | $3.62M | $3.66M | $3.09M | $3.33M | $3.87M | $3.82M | $4.73M | $6.08M | $6.07M | $4.43M | $3.31M | $4.46M | $6.49M | $4.32M | $6.78M | $4.57M | $6.95M | $2.14M | $1.86M | $1.92M | $4.59M | $1.77M | $2.21M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.77% | 1.23% | 1.00% | 1.17% | 0.62% | 2.00% | 2.72% | 2.57% | 0.86% | 1.87% | 2.22% |
Ardmore Shipping's average Quarter SG&A projection for Jun 23 is $4.58M, based on 2 Wall Street analysts, with a range of $4.46M to $4.68M. The forecast indicates a -26.48% fall compared to ASC last annual SG&A of $6.23M (Mar 23).
Ardmore Shipping EPS Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 2 | 5 | 2 | 2 | 1 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 15 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.06 | $1.31 | $1.57 | $0.82 | $-0.21 | $-0.22 | $-0.37 | $-0.24 | $-0.26 | $-0.59 | $-0.20 |
| Avg Forecast | $0.65 | $0.64 | $0.62 | $0.61 | $0.63 | $0.62 | $0.60 | $0.58 | $0.55 | $0.31 | $0.39 | $0.43 | $0.40 | $0.51 | $1.06 | $0.86 | $0.61 | $0.44 | $0.56 | $1.00 | $1.24 | $1.44 | $0.72 | $-0.08 | $-0.25 | $-0.37 | $-0.27 | $-0.30 | $-0.44 | $-0.20 |
| High Forecast | $0.67 | $0.66 | $0.64 | $0.62 | $0.64 | $0.64 | $0.62 | $0.60 | $0.56 | $0.31 | $0.40 | $0.44 | $0.46 | $0.52 | $1.06 | $0.86 | $0.64 | $0.49 | $0.57 | $1.03 | $1.28 | $1.44 | $0.72 | $-0.08 | $-0.25 | $-0.37 | $-0.27 | $-0.30 | $-0.44 | $-0.20 |
| Low Forecast | $0.63 | $0.62 | $0.60 | $0.58 | $0.60 | $0.60 | $0.58 | $0.56 | $0.53 | $0.30 | $0.37 | $0.42 | $0.33 | $0.49 | $1.06 | $0.86 | $0.58 | $0.30 | $0.54 | $0.97 | $1.20 | $1.44 | $0.72 | $-0.08 | $-0.25 | $-0.37 | $-0.27 | $-0.30 | $-0.44 | $-0.20 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.06% | 1.05% | 1.09% | 1.13% | 2.75% | 0.87% | 0.99% | 0.88% | 0.86% | 1.35% | 0.99% |
According to 2 Wall Street analysts, Ardmore Shipping's projected average Quarter EPS for Jun 23 is $0.56, with a low estimate of $0.54 and a high estimate of $0.57. This represents a -47.61% decrease compared to ASC previous annual EPS of $1.06 (Mar 23).