Ardmore Shipping Corporation (NYSE: ASC) recently received a number of ratings updates from brokerages and research firms:

  • 11/9/2017 – Ardmore Shipping Corporation was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Ardmore Shipping Corporation engages in the ownership and operation of product and chemical tankers. It provides shipping services to customers through voyage charters, commercial pools, and time charters. The Company provides seaborne transportation of petroleum products and chemicals worldwide to oil majors, national oil companies, oil and chemical traders, and chemical companies. Ardmore Shipping Corporation is based in Mahon, Ireland. “
  • 11/3/2017 – Ardmore Shipping Corporation was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Ardmore Shipping Corporation engages in the ownership and operation of product and chemical tankers. It provides shipping services to customers through voyage charters, commercial pools, and time charters. The Company provides seaborne transportation of petroleum products and chemicals worldwide to oil majors, national oil companies, oil and chemical traders, and chemical companies. Ardmore Shipping Corporation is based in Mahon, Ireland. “
  • 11/2/2017 – Ardmore Shipping Corporation had its price target raised by analysts at Morgan Stanley from $8.50 to $9.00. They now have an “equal weight” rating on the stock.
  • 10/29/2017 – Ardmore Shipping Corporation was given a new $10.00 price target on by analysts at Stifel Nicolaus. They now have a “buy” rating on the stock.
  • 10/17/2017 – Ardmore Shipping Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Ardmore Shipping Corporation engages in the ownership and operation of product and chemical tankers. It provides shipping services to customers through voyage charters, commercial pools, and time charters. The Company provides seaborne transportation of petroleum products and chemicals worldwide to oil majors, national oil companies, oil and chemical traders, and chemical companies. Ardmore Shipping Corporation is based in Mahon, Ireland. “
  • 10/16/2017 – Ardmore Shipping Corporation had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $10.00 price target on the stock.
  • 10/3/2017 – Ardmore Shipping Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $9.50 price target on the stock. According to Zacks, “Ardmore Shipping Corporation engages in the ownership and operation of product and chemical tankers. It provides shipping services to customers through voyage charters, commercial pools, and time charters. The Company provides seaborne transportation of petroleum products and chemicals worldwide to oil majors, national oil companies, oil and chemical traders, and chemical companies. Ardmore Shipping Corporation is based in Mahon, Ireland. “

Ardmore Shipping Corporation (NYSE ASC) opened at $8.30 on Tuesday. Ardmore Shipping Corporation has a 52 week low of $5.95 and a 52 week high of $9.05. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.57 and a quick ratio of 1.41.

Ardmore Shipping Corporation (NYSE:ASC) last posted its quarterly earnings data on Wednesday, November 1st. The shipping company reported ($0.14) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.14). Ardmore Shipping Corporation had a negative return on equity of 3.08% and a negative net margin of 6.45%. The firm had revenue of $48.70 million for the quarter, compared to analyst estimates of $29.99 million. During the same quarter last year, the company earned ($0.05) EPS. The company’s revenue was up 28.2% on a year-over-year basis. equities analysts predict that Ardmore Shipping Corporation will post -0.34 earnings per share for the current year.

Ardmore Shipping Corporation provides seaborne transportation of petroleum products and chemicals to national oil companies, oil and chemical traders, and chemical companies, with its fleet of mid-size product and chemical tankers. The Company’s segment relates to the operations of its vessels. The Company’s fleet consists of over 20 double-hulled product and chemical tankers, all of which are in operation.

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