
Ardmore Shipping (ASC) Stock Forecast & Price Target
Ardmore Shipping (ASC) Analyst Ratings
Bulls say
Ardmore Shipping Corp is experiencing positive market trends, with refinery margins increasing, which is expected to bolster ton-mile demand and support the company's growth. With a robust balance sheet characterized by $243.4 million in total liquidity and a minimal debt load of $38.8 million, Ardmore is well-positioned to enhance shareholder returns through dividends and a new share buyback program. The company's strong financial performance is reflected in its fourth-quarter adjusted earnings of $0.25 per share, surpassing projections due to improved spot rates and a notable increase in average rates earned by its chemical tankers.
Bears say
Ardmore Shipping Corp's adjusted EBITDA of $20.2 million fell slightly below consensus expectations despite exceeding internal forecasts, indicating potential difficulties in sustaining revenue growth amid market pressures. The company's upcoming capital expenditures of $30-35 million in 2025 for vessel drydockings and upgrades, combined with projected declines in earnings and dividends, signal financial strain ahead. Additionally, recent market softness, characterized by increased competition from crude tankers and reduced refinery throughput, further compounds the challenges facing the company, highlighting concerns over future profitability.
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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