Ardmore Shipping (ASC) Stock Forecast, Price Target & Predictions

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ASC Stock Forecast

Ardmore Shipping stock forecast is as follows: an average price target of $15.17 (represents a 23.13% upside from ASC’s last price of $12.32) 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 $15.17 based on 1-year price targets from 4 Wall Street analysts in the past 3 months, with a price target range of $20.00 to $8.50. This represents a potential 23.13% upside from ASC's last price of $12.32.

ASC Analyst Ratings

Buy

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%	37.99%
Jul 24, 2024	Benjamin Nolan	Stifel Nicolaus	$24.00	$21.30	12.68%	94.81%
Mar 25, 2024	Omar Nokta	Jefferies	$20.00	$16.35	22.32%	62.34%
Nov 29, 2022	-	Jefferies	$17.00	$15.20	11.84%	37.99%
Apr 22, 2022	-	H.C. Wainwright	$8.50	$5.51	54.26%	-31.01%

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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 37.99% increase from ASC last price ($12.32).

Ardmore Shipping Price Target by Period

	1M	3M	12M
# Anlaysts	1	1	3
Avg Price Target	$17.00	$17.00	$20.33
Last Closing Price	$12.32	$12.32	$12.32
Upside/Downside	37.99%	37.99%	65.02%

In the current month, the average price target of Ardmore Shipping stock is $17.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 37.99% increase as opposed to Ardmore Shipping's last price of $12.32. This month's average price target is down 0.00% compared to last quarter, and down -16.38% 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

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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	$119.28M	$117.61M	$115.96M	$114.34M	$51.97M	$51.97M	$51.40M	$50.84M	$51.31M	$43.35M	$46.78M	$54.29M	$57.88M	$67.57M	$80.51M	$72.46M	$66.85M	$75.90M	$62.63M	$81.24M	$90.72M	$89.72M	$60.46M	$32.85M	$28.32M	$24.58M	$25.43M	$24.89M	$23.41M	$29.26M
Low Forecast	$111.26M	$109.71M	$108.17M	$106.66M	$48.48M	$48.48M	$47.95M	$47.42M	$47.87M	$40.44M	$43.64M	$50.64M	$50.52M	$62.63M	$80.51M	$72.46M	$58.61M	$43.78M	$58.43M	$75.78M	$84.63M	$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 $58.43M, and a high forecast of $62.63M. 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	$29.83M	$29.41M	$29.00M	$28.60M	$13.00M	$13.00M	$12.86M	$12.71M	$12.83M	$10.84M	$11.70M	$13.58M	$14.00M	$16.82M	$20.80M	$7.02M	$16.21M	$13.82M	$15.66M	$7.51M	$5.57M	$23.97M	$16.15M	$8.04M	$7.57M	$6.57M	$6.79M	$3.65M	$6.25M	$7.82M
High Forecast	$30.82M	$30.39M	$29.96M	$29.54M	$13.43M	$13.43M	$13.28M	$13.14M	$13.26M	$11.20M	$12.09M	$14.03M	$14.96M	$17.46M	$20.80M	$8.43M	$17.27M	$19.61M	$16.18M	$9.02M	$6.69M	$23.97M	$16.15M	$9.64M	$7.57M	$6.57M	$6.79M	$4.39M	$6.25M	$7.82M
Low Forecast	$28.75M	$28.35M	$27.95M	$27.56M	$12.53M	$12.53M	$12.39M	$12.25M	$12.37M	$10.45M	$11.28M	$13.09M	$13.05M	$16.18M	$20.80M	$5.62M	$15.14M	$11.31M	$15.10M	$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 $15.66M, with a high of $16.18M and a low of $15.10M. This is -71.12% 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	$28.75M	$28.39M	$27.56M	$26.73M	$27.65M	$27.40M	$26.51M	$25.63M	$24.18M	$13.50M	$17.01M	$19.05M	$19.43M	$22.31M	$45.02M	$-7.93M	$27.11M	$20.82M	$24.54M	$-8.48M	$-8.01M	$60.50M	$30.45M	$-9.07M	$-10.68M	$-15.63M	$-11.51M	$-7.89M	$-18.38M	$-8.52M
Low Forecast	$26.27M	$25.93M	$25.17M	$24.42M	$25.25M	$25.03M	$24.22M	$23.41M	$22.09M	$12.33M	$15.54M	$17.40M	$13.82M	$20.38M	$45.01M	$-11.90M	$24.49M	$12.67M	$22.42M	$-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 $22.42M to $24.54M. 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	$9.01M	$8.89M	$8.76M	$8.64M	$3.93M	$3.93M	$3.88M	$3.84M	$3.88M	$3.28M	$3.54M	$4.10M	$4.37M	$5.11M	$6.08M	$9.11M	$5.05M	$5.73M	$4.73M	$9.74M	$6.48M	$6.78M	$4.57M	$10.42M	$2.14M	$1.86M	$1.92M	$6.88M	$1.77M	$2.21M
Low Forecast	$8.41M	$8.29M	$8.17M	$8.06M	$3.66M	$3.66M	$3.62M	$3.58M	$3.62M	$3.06M	$3.30M	$3.83M	$3.82M	$4.73M	$6.08M	$6.07M	$4.43M	$3.31M	$4.41M	$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 $4.41M to $4.73M. 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	$0.68	$0.67	$0.65	$0.63	$0.65	$0.65	$0.63	$0.60	$0.57	$0.32	$0.40	$0.45	$0.46	$0.53	$1.06	$0.86	$0.64	$0.49	$0.58	$1.05	$1.30	$1.44	$0.72	$-0.08	$-0.25	$-0.37	$-0.27	$-0.30	$-0.44	$-0.20
Low Forecast	$0.62	$0.61	$0.59	$0.58	$0.60	$0.59	$0.57	$0.55	$0.52	$0.29	$0.37	$0.41	$0.33	$0.48	$1.06	$0.86	$0.58	$0.30	$0.53	$0.96	$1.18	$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 $0.53 and a high estimate of $0.58. This represents a -47.61% decrease compared to ASC previous annual EPS of $1.06 (Mar 23).

Ardmore Shipping Peer Comparison by Price Target

Ticker	Company	Last Closing Price	Avg Price Target	Upside/Downside	Avg Rating
TNK	Teekay Tankers	$42.73	$76.00	77.86%	Buy
LPG	Dorian LPG	$25.70	$40.67	58.25%	Buy
INSW	International Seaways	$41.87	$56.00	33.75%	Buy
STNG	Scorpio Tankers	$54.67	$69.83	27.73%	Buy
EURN	Euronav NV	$16.74	$21.00	25.45%	Hold
ASC	Ardmore Shipping	$12.32	$15.17	23.13%	Buy

ASC Forecast FAQ

Is Ardmore Shipping a good buy?

Yes, according to 4 Wall Street analysts, Ardmore Shipping (ASC) is considered a 'Buy'. The rating consensus is based on 1 'Strong Buy' and 3 'Buy' recommendations, accounting for 100.00% of ASC's total ratings.

What is ASC's price target?

Ardmore Shipping (ASC) average price target is $15.17 with a range of $8.5 to $20, implying a 23.13% from its last price of $12.32. The data is based on 4 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Ardmore Shipping stock go up soon?

According to Wall Street analysts' prediction for ASC stock, the company can go up by 23.13% (from the last price of $12.32 to the average price target of $15.17), up by 62.34% based on the highest stock price target, and down by -31.01% based on the lowest stock price target.

Can Ardmore Shipping stock reach $20?

ASC's average twelve months analyst stock price target of $15.17 does not support the claim that Ardmore Shipping can reach $20 in the near future.

What is Ardmore Shipping's current price target trend?

1 Wall Street analyst forecast a $17 price target for Ardmore Shipping (ASC) this month, up 37.99% from its last price of $12.32. Compared to the last 3 and 12 months, the average price target increased by 37.99% and increased by 65.02%, respectively.

What are Ardmore Shipping's analysts' financial forecasts?

Ardmore Shipping's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $199.55M (high $206.17M, low $192.32M), average EBITDA is $51.56M (high $53.27M, low $49.69M), average net income is $102.76M (high $107.18M, low $97.91M), average SG&A $15.08M (high $15.58M, low $14.53M), and average EPS is $2.43 (high $2.53, low $2.31). ASC's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $452.19M (high $467.18M, low $435.8M), average EBITDA is $116.84M (high $120.72M, low $112.61M), average net income is $106.83M (high $111.44M, low $101.8M), average SG&A $34.17M (high $35.3M, low $32.93M), and average EPS is $2.52 (high $2.63, low $2.4).

Did the ASC's actual financial results beat the analysts' financial forecasts?

Based on Ardmore Shipping's last annual report (Dec 2022), the company's revenue was $445.74M, beating the average analysts forecast of $270.84M by 64.58%. Apple's EBITDA was $189.2M, beating the average prediction of $53.73M by 252.12%. The company's net income was $138.45M, beating the average estimation of $69.59M by 98.95%. Apple's SG&A was $24.11M, missing the average forecast of $25.43M by -5.21%. Lastly, the company's EPS was $3.63, beating the average prediction of $3.33 by 8.98%. In terms of the last quarterly report (Mar 2023), Ardmore Shipping's revenue was $118.23M, beating the average analysts' forecast of $78.63M by 50.36%. The company's EBITDA was $54.23M, beating the average prediction of $7.51M by 621.86%. Ardmore Shipping's net income was $44.09M, missing the average estimation of $-10.606M by -515.71%. The company's SG&A was $6.23M, missing the average forecast of $8.12M by -23.24%. Lastly, the company's EPS was $1.06, beating the average prediction of $1 by 5.58%