Analyst Rating Update on Ardmore Shipping Corporation (ASC)

Ardmore Shipping Corporation (ASC) has an average broker rating of 1.06, which is interpreted as a Strong Buy, as rated by 8 equity analysts. Nonetheless, 7 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Ardmore Shipping Corporation (ASC) : The consensus price target for Ardmore Shipping Corporation (ASC) is $12.36 for the short term with a standard deviation of $2.21. The most optimist securities analyst among the 7 who monitor the stock believes that the stock can reach $16, however, the pessimist price target for the company is $11.

For the current week, the company shares have a recommendation consensus of Buy.


Ardmore Shipping Corporation (NYSE:ASC): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $7.60 and $7.48 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $8.10. The buying momentum continued till the end and the stock did not give up its gains. It closed at $8.09, notching a gain of 6.45% for the day. The total traded volume was 1,035,766 . The stock had closed at $7.60 on the previous day.

Ardmore Shipping Corporation (Ardmore) provides seaborne transportation of petroleum products and chemicals to oil companies, national oil companies, oil and chemical traders, and chemical companies, with its fleet of mid-size product and chemical tankers. As of December 31, 2014, Ardmore had 14 vessels in operation and 10 vessels under construction. The Companys vessels include Ardmore Seavaliant, Ardmore Seaventure, Ardmore Endeavour, Ardmore Seafarer, Ardmore Centurion, and Ardmore Capella, among others. Ardmore has 32 wholly owned subsidiaries, which represent single ship-owning companies for the Companys fleet. Ardmore Shipping (Bermuda) Limited (ASBL) carries out the Ardmores management services and functions. Ardmore Shipping Services (Ireland) Limited (ASSIL), which is a subsidiary incorporated in Ireland, provides the Companys corporate, accounting and fleet administration services.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.