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NYSE: ASC
Ardmore Shipping Corp Stock Forecast, Predictions & Price Target

OverviewForecast
EarningsRevenueDividendOwnership

Analyst price target for ASC

Based on 3 analysts offering 12 month price targets for Ardmore Shipping Corp.
Min Forecast
$24.00+35.82%
Avg Forecast
$24.67+39.6%
Max Forecast
$26.00+47.14%

Should I buy or sell ASC stock?

Based on 3 analysts offering ratings for Ardmore Shipping Corp.
Strong Buy
Strong Buy
2 analysts 66.67%
Buy
1 analysts 33.33%
Hold
0 analysts 0%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

Be the first to know when Wall Street analysts revise their ASC stock forecasts and price targets.

ASC stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
lockedlocked$00.00+00.00%2024-07-31
lockedlocked$00.00+00.00%2024-07-24Find Out Why
lockedlocked$00.00+00.00%2024-07-23

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Forecast return on equity

Is ASC forecast to generate an efficient return?
Company
12.33%
Industry
10.78%
Market
52.27%
ASC's Return on Equity is... subscribe to Premium to read more.
Forecast High Return on Equity Forecast

Forecast return on assets

Is ASC forecast to generate an efficient return on assets?
Company
10.26%
Industry
6.62%
ASC is forecast to generate... subscribe to Premium to read more.
Forecast Return on Assets vs Industry Forecast

ASC earnings per share forecast

What is ASC's earnings per share in the next 3 years based on estimates from 2 analysts?
Avg 1 year Forecast
$3.47-2.12%
Avg 2 year Forecast
$2.10-40.68%
Avg 3 year Forecast
$1.82-48.59%
ASC's earnings are forecast to... subscribe to Premium to read more.
Forecast High Earnings Growth Forecast

ASC revenue forecast

What is ASC's revenue in the next 3 years based on estimates from 2 analysts?
Avg 1 year Forecast
$297.4M-28.08%
Avg 2 year Forecast
$222.0M-46.31%
Avg 3 year Forecast
$196.5M-52.48%
ASC's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

ASC earnings growth forecast

How is ASC forecast to perform vs Marine Shipping companies and vs the US market?
Company
-16.61%
Industry
11.43%
Market
20.09%
ASC's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Industry Forecast
ASC's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Market Forecast
ASC's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Savings Rate Forecast

ASC revenue growth forecast

How is ASC forecast to perform vs Marine Shipping companies and vs the US market?
Company
-24.03%
Industry
0.76%
Market
8.82%
ASC's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
ASC's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

ASC vs Shipping Stocks

TickerPricePrice TargetUp/downsideConsensus
ASC$17.67$24.67+39.60%Strong Buy
GNK$17.84$25.80+44.62%Strong Buy
NAT$3.66$4.00+9.29%Hold
CLCO$11.54N/AN/A
GSL$24.89$29.00+16.51%Strong Buy
View Top Shipping Stocks

Ardmore Shipping Stock Forecast FAQ

Is Ardmore Shipping Stock a good buy in 2024, according to Wall Street analysts?

The consensus among 3 Wall Street analysts covering (NYSE: ASC) stock is to Strong Buy ASC stock.

Out of 3 analysts, 2 (66.67%) are recommending ASC as a Strong Buy, 1 (33.33%) are recommending ASC as a Buy, 0 (0%) are recommending ASC as a Hold, 0 (0%) are recommending ASC as a Sell, and 0 (0%) are recommending ASC as a Strong Sell.

If you're new to stock investing, here's how to buy Ardmore Shipping stock.

What is ASC's earnings growth forecast for 2024-2026?

(NYSE: ASC) Ardmore Shipping's forecast annual earnings growth rate of -16.61% is not forecast to beat the US Marine Shipping industry's average forecast earnings growth rate of 11.43%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 20.09%.

Ardmore Shipping's earnings in 2024 is $146,731,000.On average, 2 Wall Street analysts forecast ASC's earnings for 2024 to be $144,982,530, with the lowest ASC earnings forecast at $138,915,440, and the highest ASC earnings forecast at $151,049,620. On average, 2 Wall Street analysts forecast ASC's earnings for 2025 to be $87,868,200, with the lowest ASC earnings forecast at $70,294,560, and the highest ASC earnings forecast at $105,441,840.

In 2026, ASC is forecast to generate $76,152,440 in earnings, with the lowest earnings forecast at $46,863,040 and the highest earnings forecast at $105,441,840.

What is ASC's revenue growth forecast for 2024-2026?

(NYSE: ASC) Ardmore Shipping's forecast annual revenue growth rate of -24.03% is not forecast to beat the US Marine Shipping industry's average forecast revenue growth rate of 0.76%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 8.82%.

Ardmore Shipping's revenue in 2024 is $413,445,000.On average, 2 Wall Street analysts forecast ASC's revenue for 2024 to be $12,442,555,540, with the lowest ASC revenue forecast at $12,271,421,760, and the highest ASC revenue forecast at $12,613,689,320. On average, 2 Wall Street analysts forecast ASC's revenue for 2025 to be $9,288,296,370, with the lowest ASC revenue forecast at $8,690,164,980, and the highest ASC revenue forecast at $9,886,427,760.

In 2026, ASC is forecast to generate $8,221,325,370 in revenue, with the lowest revenue forecast at $7,149,960,960 and the highest revenue forecast at $9,292,689,780.

What is ASC's forecast return on assets (ROA) for 2024-2026?

(NYSE: ASC) forecast ROA is 10.26%, which is higher than the forecast US Marine Shipping industry average of 6.62%.

What is ASC's Price Target?

According to 3 Wall Street analysts that have issued a 1 year ASC price target, the average ASC price target is $24.67, with the highest ASC stock price forecast at $26.00 and the lowest ASC stock price forecast at $24.00.

On average, Wall Street analysts predict that Ardmore Shipping's share price could reach $24.67 by Jul 31, 2025. The average Ardmore Shipping stock price prediction forecasts a potential upside of 39.6% from the current ASC share price of $17.67.

What is ASC's Earnings Per Share (EPS) forecast for 2024-2026?

(NYSE: ASC) Ardmore Shipping's current Earnings Per Share (EPS) is $3.54. On average, analysts forecast that ASC's EPS will be $3.47 for 2024, with the lowest EPS forecast at $3.32, and the highest EPS forecast at $3.61. On average, analysts forecast that ASC's EPS will be $2.10 for 2025, with the lowest EPS forecast at $1.68, and the highest EPS forecast at $2.52. In 2026, ASC's EPS is forecast to hit $1.82 (min: $1.12, max: $2.52).

What is ASC's forecast return on equity (ROE) for 2024-2026?

(NYSE: ASC) forecast ROE is 12.33%, which is considered weak.
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