On Thursday, November 2 Morgan Stanley maintained Ardmore Shipping Corporation (NYSE:ASC) with "Equal-Weight" rating.
A total of 5 analysts rate Ardmore Shipping (NYSE:ASC) as follows: 4 "Buy", 1 "Hold" and 0 "Sell". The average 12-month target price among brokerages that have updated their coverage on the stock in the past year is $10.60.
ASC has been the subject of a number of research reports. Since October 27, 2017 according to StockzIntelligence Inc Ardmore Shipping has 6 analyst reports. Jefferies has "Buy" rating and $11.0 target. Jefferies initiated the shares of ASC in report on Monday, December 18 with "Buy" rating. Seaport Global Securities set a $12.00 target price on Ardmore Shipping and gave the stock a "buy" rating in a research note on Thursday, January 4th. Finally, Stifel Nicolaus set a $9.00 price target on Ardmore Shipping and gave the company a "buy" rating in a report on Wednesday, January 24th. Boston Partners grew its stake in shares of Ardmore Shipping by 59.7% during the fourth quarter. VUME's SI was 3,200 shares in April as released by FINRA. During the same period in the prior year, the firm posted $0.26 earnings per share. Ardmore Shipping has a 12 month low of $6.40 and a 12 month high of $9.05.
Shares of Ardmore Shipping stock opened at $8.00 on Monday.
ASC reached $8 during the last trading session after $0.05 change.Ardmore Shipping Corporation has volume of 159,054 shares. The company had revenue of $30.23 million during the quarter, compared to analysts' expectations of $30.24 million. Ardmore Shipping Corp had a return on equity of 1.64% and a net margin of 2.28%. The business's revenue for the quarter was up 1.4% on a year-over-year basis. After having $-0.12 EPS previously, Ardmore Shipping Corporation's analysts see -16.67% EPS growth.
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Ardmore Shipping Corporation, together with its subsidiaries, engages in the seaborne transportation of petroleum products and chemicals through product and chemical tankers worldwide.The company has $259.56 million market cap. As of December 31, 2016, the firm operated 27 vessels.now it has negative earnings. It serves oil majors, oil companies, oil and chemical traders, and chemical companies.