
Ardmore Shipping (ASC) Stock Forecast & Price Target
Ardmore Shipping (ASC) Analyst Ratings
Bulls say
Ardmore Shipping Corp is experiencing positive market trends, with increased refinery margins expected to enhance ton-mile demand, reflected in their ability to report adjusted fourth-quarter earnings of $0.25 per share, exceeding estimates. The company's robust financial position is underscored by total liquidity of $243.4 million, including $196.4 million in cash, and a low debt balance of $38.8 million, positioning it well to reward shareholders amidst geopolitical uncertainties. Furthermore, the fleet of chemical tankers is achieving higher average rates than anticipated, contributing to a strong outlook as market dynamics continue to benefit the company's operations.
Bears say
Ardmore Shipping Corp reported an adjusted EBITDA of $20.2 million, slightly below consensus expectations, and has revised its first-quarter earnings per share estimate downward from $0.32 to $0.24, reflecting a softer revenue environment. The anticipated capital expenditures in 2025, projected between $30 million to $35 million for vessel drydockings and upgrades, could further strain the company's financial flexibility. Additionally, the company is experiencing market pressures from an influx of crude tankers into the product trade, contributing to expected declines in earnings and dividends throughout 2025.
This aggregate rating is based on analysts' research of Ardmore Shipping and is not a guaranteed prediction by Public.com or investment advice.
Ardmore Shipping (ASC) Analyst Forecast & Price Prediction
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