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Equities research analysts at Maxim Group began coverage on shares of Ardmore Shipping Corp (NYSE:ASC) in a research note issued to investors on Thursday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $18.00 price target on the stock. Maxim Group’s price target would indicate a potential upside of 22.03% from the stock’s previous close.

Separately, analysts at Global Hunter Securities initiated coverage on shares of Ardmore Shipping Corp in a research note to investors on Monday. They set a “buy” rating and a $20.00 price target on the stock. Six analysts have rated the stock with a buy rating, Ardmore Shipping Corp currently has a consensus rating of “Buy” and a consensus price target of $18.40.

Shares of Ardmore Shipping Corp (NYSE:ASC) traded down 0.17% on Thursday, hitting $14.725. 10,579 shares of the company’s stock traded hands. Ardmore Shipping Corp has a 52-week low of $11.32 and a 52-week high of $15.84. The stock has a 50-day moving average of $13.63 and a 200-day moving average of $13.3. The company’s market cap is $265.8 million.

Ardmore Shipping Corp (NYSE:ASC) last posted its quarterly earnings results on Monday, November 11th. The company reported ($0.03) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.09) by $0.06. During the same quarter last year, the company posted ($0.08) earnings per share. Analysts expect that Ardmore Shipping Corp will post $-0.13 EPS for the current fiscal year.

Ardmore Shipping Corporation provides seaborne transportation of petroleum products and chemicals worldwide to oil majors, national oil companies, oil and chemical traders, and chemical companies.

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