Analysts at Stifel Nicolaus Kept their Past ‘”Buy”’ rating on Shares Ardmore Shipping (NYSE:ASC), Set a $10.0 Target Price per Share

January 16, 2018 - By Vivian Park

 Analysts at Stifel Nicolaus Kept their Past ‘

Ardmore Shipping (NYSE:ASC) Rating Reaffirmed

The financial company has just set a PT of $10.0 on Ardmore Shipping (NYSE:ASC) shares. This is 24.53 % from the previous stock close. In a research report shared with investors on 27 October, Stifel Nicolaus reaffirmed their “Buy” rating on shares of ASC.

Ardmore Shipping Corporation (NYSE:ASC) Ratings Coverage

Among 8 analysts covering Ardmore Shipping Corporation (NYSE:ASC), 6 have Buy rating, 0 Sell and 2 Hold. Therefore 75% are positive. Ardmore Shipping Corporation has $16 highest and $9 lowest target. $12.71’s average target is 58.38% above currents $8.025 stock price. Ardmore Shipping Corporation had 20 analyst reports since October 29, 2015 according to SRatingsIntel. The stock has “Buy” rating by Deutsche Bank on Tuesday, December 15. The rating was reinitiated by Seaport Global with “Buy” on Wednesday, May 4. The firm has “Buy” rating given on Monday, August 28 by Stifel Nicolaus. Jefferies maintained the shares of ASC in report on Monday, August 7 with “Buy” rating. The company was upgraded on Thursday, November 5 by Seaport Global. The rating was maintained by Jefferies on Monday, July 3 with “Buy”. The firm has “Buy” rating given on Tuesday, May 30 by Jefferies. As per Monday, September 11, the company rating was maintained by Jefferies. Seaport Global maintained Ardmore Shipping Corporation (NYSE:ASC) rating on Thursday, January 4. Seaport Global has “Buy” rating and $12.0 target. Morgan Stanley maintained it with “Equal-Weight” rating and $9 target in Thursday, November 2 report.

The stock decreased 1.53% or $0.125 during the last trading session, reaching $8.025. About 96,109 shares traded. Ardmore Shipping Corporation (NYSE:ASC) has declined 14.35% since January 16, 2017 and is downtrending. It has underperformed by 31.05% the S&P500.

Analysts await Ardmore Shipping Corporation (NYSE:ASC) to report earnings on February, 6. They expect $-0.11 earnings per share, 0.00 % or $0.00 from last year’s $-0.11 per share. After $-0.14 actual earnings per share reported by Ardmore Shipping Corporation for the previous quarter, Wall Street now forecasts -21.43 % EPS growth.

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 market cap of $269.44 million. As of December 31, 2016, the firm operated 27 vessels. It currently has negative earnings. It serves oil majors, oil companies, oil and chemical traders, and chemical companies.

More notable recent Ardmore Shipping Corporation (NYSE:ASC) news were published by: Seekingalpha.com which released: “Ardmore Shipping’s (ASC) CEO Anthony Gurnee on Q3 2017 Results – Earnings Call …” on November 01, 2017, also Fool.com with their article: “Why Ardmore Shipping Corporation Stock Popped 15% in March” published on April 04, 2017, Seekingalpha.com published: “Ardmore Shipping’s (ASC) CEO Anthony Gurnee on Q2 2017 Results – Earnings Call …” on August 02, 2017. More interesting news about Ardmore Shipping Corporation (NYSE:ASC) were released by: Seekingalpha.com and their article: “The Hottest Topic In Shipping” published on October 18, 2017 as well as Prnewswire.com‘s news article titled: “Ardmore Shipping Corporation Announces Secondary Public Offering by GA …” with publication date: November 27, 2017.

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