Ardmore Shipping Corp Receives Consensus Recommendation of “Buy” from Brokerages (NYSE:ASC)
Shares of Ardmore Shipping Corp (NYSE:ASC) have earned a consensus recommendation of “Buy” from the eight analysts that are covering the stock, Stock Ratings Network reports. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $17.17.
A number of research firms have recently commented on ASC. Analysts at Zacks upgraded shares of Ardmore Shipping Corp from an “underperform” rating to a “neutral” rating in a research note on Wednesday, June 18th. They now have a $15.00 price target on the stock. Finally, analysts at Evercore Partners cut their price target on shares of Ardmore Shipping Corp from $17.00 to $16.00 in a research note on Wednesday, May 14th.
Shares of Ardmore Shipping Corp (NYSE:ASC) traded down 1.35% on Friday, hitting $13.87. The stock had a trading volume of 7,811 shares. Ardmore Shipping Corp has a one year low of $11.32 and a one year high of $15.84. The stock’s 50-day moving average is $13.90 and its 200-day moving average is $13.74. The company’s market cap is $275.4 million.
Ardmore Shipping Corp (NYSE:ASC) last announced its earnings results on Tuesday, May 13th. The company reported ($0.02) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.02). Analysts expect that Ardmore Shipping Corp will post $0.12 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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