Ardmore Shipping (ASC) Stock Forecast, Price Target & Predictions
ASC Stock Forecast
Ardmore Shipping stock forecast is as follows: an average price target of $15.17 (represents a 8.05% upside from ASC’s last price of $14.04) 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 8.05% upside from ASC's last price of $14.04.
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% | 21.08% |
| Jul 24, 2024 | Benjamin Nolan | Stifel Nicolaus | $24.00 | $21.30 | 12.68% | 70.94% |
| Mar 25, 2024 | Omar Nokta | Jefferies | $20.00 | $16.35 | 22.32% | 42.45% |
| Nov 29, 2022 | - | Jefferies | $17.00 | $15.20 | 11.84% | 21.08% |
| Apr 22, 2022 | - | H.C. Wainwright | $8.50 | $5.51 | 54.26% | -39.46% |
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 21.08% increase from ASC last price ($14.04).
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 | $14.04 | $14.04 | $14.04 |
| Upside/Downside | 21.08% | 21.08% | 44.80% |
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 21.08% increase as opposed to Ardmore Shipping's last price of $14.04. 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 |
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 | $147.80M | $145.73M | $143.69M | $141.68M | $50.30M | $50.30M | $49.75M | $49.21M | $50.87M | $41.80M | $47.50M | $54.81M | $64.94M | $68.45M | $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 | $147.80M | $145.73M | $143.69M | $141.68M | $50.30M | $50.30M | $49.75M | $49.21M | $50.87M | $41.80M | $47.50M | $54.81M | $64.94M | $68.45M | $80.51M | $72.46M | $66.85M | $75.90M | $60.63M | $78.63M | $87.81M | $89.72M | $60.46M | $32.85M | $28.32M | $24.58M | $25.43M | $24.89M | $23.41M | $29.26M |
| Low Forecast | $147.80M | $145.73M | $143.69M | $141.68M | $50.30M | $50.30M | $49.75M | $49.21M | $50.87M | $41.80M | $47.50M | $54.81M | $64.94M | $68.45M | $80.51M | $72.46M | $58.61M | $43.78M | $60.63M | $78.63M | $87.81M | $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 | 1 | 3 | 1 | 1 | 2 | 5 | 4 | 4 | 3 | 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 4 analysts is $60.63M, with a low forecast of $60.63M, and a high forecast of $60.63M. 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 | 1 | 3 | 1 | 1 | 2 | 5 | 4 | 4 | 3 | 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 | $39.48M | $38.93M | $38.38M | $37.85M | $13.44M | $13.44M | $13.29M | $13.14M | $13.59M | $11.17M | $12.69M | $14.64M | $17.35M | $18.29M | $21.51M | $7.02M | $16.76M | $14.28M | $16.20M | $7.51M | $5.57M | $23.97M | $16.15M | $8.04M | $7.57M | $6.57M | $6.79M | $3.65M | $6.25M | $7.82M |
| High Forecast | $39.48M | $38.93M | $38.38M | $37.85M | $13.44M | $13.44M | $13.29M | $13.14M | $13.59M | $11.17M | $12.69M | $14.64M | $17.35M | $18.29M | $21.51M | $8.43M | $17.86M | $20.28M | $16.20M | $9.02M | $6.69M | $23.97M | $16.15M | $9.64M | $7.57M | $6.57M | $6.79M | $4.39M | $6.25M | $7.82M |
| Low Forecast | $39.48M | $38.93M | $38.38M | $37.85M | $13.44M | $13.44M | $13.29M | $13.14M | $13.59M | $11.17M | $12.69M | $14.64M | $17.35M | $18.29M | $21.51M | $5.62M | $15.66M | $11.70M | $16.20M | $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% |
4 analysts predict ASC's average Quarter EBITDA for Jun 23 to be $16.20M, with a high of $16.20M and a low of $16.20M. This is -70.14% 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 | 1 | 3 | 1 | 1 | 2 | 5 | 4 | 4 | 3 | 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 | $27.07M | $26.67M | $25.82M | $24.99M | $25.80M | $25.45M | $24.79M | $23.95M | $21.99M | $12.45M | $17.42M | $22.68M | $22.95M | $24.50M | $44.64M | $-9.92M | $25.59M | $18.41M | $23.33M | $-10.61M | $-10.01M | $60.50M | $30.45M | $-11.34M | $-10.68M | $-15.63M | $-11.51M | $-9.87M | $-18.38M | $-8.52M |
| High Forecast | $27.07M | $26.67M | $25.82M | $24.99M | $25.80M | $25.45M | $24.79M | $23.95M | $21.99M | $12.45M | $17.42M | $22.68M | $22.95M | $24.96M | $44.65M | $-7.93M | $26.89M | $20.65M | $23.33M | $-8.48M | $-8.01M | $60.50M | $30.45M | $-9.07M | $-10.68M | $-15.63M | $-11.51M | $-7.89M | $-18.38M | $-8.52M |
| Low Forecast | $27.07M | $26.67M | $25.82M | $24.99M | $25.80M | $25.45M | $24.79M | $23.95M | $21.99M | $12.45M | $17.42M | $22.68M | $22.95M | $24.04M | $44.63M | $-11.90M | $24.29M | $12.57M | $23.33M | $-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 $23.33M, with a range of $23.33M to $23.33M. ASC's average Quarter net income forecast represents a -47.09% 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 | 1 | 3 | 1 | 1 | 2 | 5 | 4 | 4 | 3 | 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 | $11.17M | $11.01M | $10.86M | $10.71M | $3.80M | $3.80M | $3.76M | $3.72M | $3.84M | $3.16M | $3.59M | $4.14M | $4.91M | $5.17M | $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 | $11.17M | $11.01M | $10.86M | $10.71M | $3.80M | $3.80M | $3.76M | $3.72M | $3.84M | $3.16M | $3.59M | $4.14M | $4.91M | $5.17M | $6.08M | $9.11M | $5.05M | $5.73M | $4.58M | $9.74M | $6.48M | $6.78M | $4.57M | $10.42M | $2.14M | $1.86M | $1.92M | $6.88M | $1.77M | $2.21M |
| Low Forecast | $11.17M | $11.01M | $10.86M | $10.71M | $3.80M | $3.80M | $3.76M | $3.72M | $3.84M | $3.16M | $3.59M | $4.14M | $4.91M | $5.17M | $6.08M | $6.07M | $4.43M | $3.31M | $4.58M | $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 4 Wall Street analysts, with a range of $4.58M to $4.58M. 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 | 1 | 3 | 1 | 1 | 2 | 5 | 4 | 4 | 3 | 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 | $0.64 | $0.63 | $0.61 | $0.59 | $0.61 | $0.61 | $0.59 | $0.57 | $0.52 | $0.30 | $0.41 | $0.54 | $0.55 | $0.58 | $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 | $0.64 | $0.63 | $0.61 | $0.59 | $0.61 | $0.61 | $0.59 | $0.57 | $0.52 | $0.30 | $0.41 | $0.54 | $0.55 | $0.59 | $1.06 | $0.86 | $0.64 | $0.49 | $0.56 | $1.00 | $1.24 | $1.44 | $0.72 | $-0.08 | $-0.25 | $-0.37 | $-0.27 | $-0.30 | $-0.44 | $-0.20 |
| Low Forecast | $0.64 | $0.63 | $0.61 | $0.59 | $0.61 | $0.61 | $0.59 | $0.57 | $0.52 | $0.30 | $0.41 | $0.54 | $0.55 | $0.57 | $1.06 | $0.86 | $0.58 | $0.30 | $0.56 | $1.00 | $1.24 | $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 4 Wall Street analysts, Ardmore Shipping's projected average Quarter EPS for Jun 23 is $0.56, with a low estimate of $0.56 and a high estimate of $0.56. 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 | $46.68 | $76.00 | 62.81% | Buy |
| LPG | Dorian LPG | $29.31 | $40.67 | 38.76% | Buy |
| INSW | International Seaways | $43.57 | $56.00 | 28.53% | Buy |
| EURN | Euronav NV | $16.74 | $21.00 | 25.45% | Hold |
| STNG | Scorpio Tankers | $58.39 | $69.83 | 19.59% | Buy |
| ASC | Ardmore Shipping | $14.04 | $15.17 | 8.05% | 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 8.05% from its last price of $14.04. 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 8.05% (from the last price of $14.04 to the average price target of $15.17), up by 42.45% based on the highest stock price target, and down by -39.46% 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 21.08% from its last price of $14.04. Compared to the last 3 and 12 months, the average price target increased by 21.08% and increased by 44.80%, 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 $199.55M, low $199.55M), average EBITDA is $53.31M (high $53.31M, low $53.31M), average net income is $99.99M (high $99.99M, low $99.99M), average SG&A $15.08M (high $15.08M, low $15.08M), and average EPS is $2.38 (high $2.38, low $2.38). ASC's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $578.88M (high $578.88M, low $578.88M), average EBITDA is $154.64M (high $154.64M, low $154.64M), average net income is $104.54M (high $104.54M, low $104.54M), average SG&A $43.74M (high $43.74M, low $43.74M), and average EPS is $2.49 (high $2.49, low $2.49).
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%