How Analysts Feel About Ardmore Shipping Corporation (NYSE:ASC)?

August 14, 2018 - By Ann Prendergast

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Ardmore Shipping Corporation (NYSE:ASC) Ratings Coverage

Among 2 analysts covering Ardmore Shipping (NYSE:ASC), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Ardmore Shipping had 2 analyst reports since March 23, 2018 according to SRatingsIntel. On Wednesday, August 1 the stock rating was maintained by Morgan Stanley with “Equal-Weight”. JP Morgan maintained Ardmore Shipping Corporation (NYSE:ASC) on Friday, March 23 with “Overweight” rating. Below is a list of Ardmore Shipping Corporation (NYSE:ASC) latest ratings and price target changes.

01/08/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $9 New Target: $8 Maintain
23/03/2018 Broker: JP Morgan Old Rating: Overweight New Rating: Overweight Old Target: $11 New Target: $12 Maintain

The stock decreased 2.26% or $0.15 during the last trading session, reaching $6.5. About 195,117 shares traded or 4.85% up from the average. Ardmore Shipping Corporation (NYSE:ASC) has risen 8.05% since August 14, 2017 and is uptrending. It has underperformed by 4.52% the S&P500.

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 $215.14 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.

Another recent and important Ardmore Shipping Corporation (NYSE:ASC) news was published by Seekingalpha.com which published an article titled: “Ardmore Shipping Corp. (ASC) CEO Anthony Gurnee on Q2 2018 Results – Earnings Call Transcript” on August 02, 2018.

Ardmore Shipping Corporation (NYSE:ASC) Ratings Chart

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