
Ardmore Shipping (ASC) Stock Forecast & Price Target
Ardmore Shipping (ASC) Analyst Ratings
Bulls say
Ardmore Shipping Corp presents a positive outlook based on several fundamental factors, including a strong balance sheet demonstrated by $243.4 million in total liquidity and a minimal debt balance of $38.8 million, allowing the company to reward shareholders. The company's recent performance is highlighted by adjusted fourth-quarter earnings of $0.25 per share, which surpassed expectations due to higher spot rates, as reflected in the average daily earnings of $21,406 for its chemical tankers. Additionally, favorable market trends, such as increased refinery margins and ongoing geopolitical constraints affecting vessel supply, indicate a solid demand environment that may support sustained earnings growth.
Bears say
Ardmore Shipping Corp reported an Adjusted EBITDA of $20.2 million in the latest quarter, slightly below consensus expectations and leading to a downward adjustment in projected earnings per share for the first quarter. The company faces challenges in the form of recent market softness, attributed to crude tankers entering the product trade and reduced refinery throughput, which is expected to result in a decline in earnings and dividends throughout 2025. Additionally, significant capital expenditures related to scheduled vessel drydockings and upgrades could strain financial resources, further mitigating any potential positive impacts from the disciplined management of capital and reduced cash breakeven levels.
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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