Breaking: Jefferies Keeps $10.0 Target Price per Share On Ardmore Shipping (NYSE:ASC) Shares, Keeps Their Original “Buy” Rating

September 17, 2017 - By Winifred Garcia

 Breaking: Jefferies Keeps $10.0 Target Price per Share On Ardmore Shipping (NYSE:ASC) Shares, Keeps Their Original

Ardmore Shipping (NYSE:ASC) Rating Reaffirmed

They currently have a $10.0 target price per share on Ardmore Shipping (NYSE:ASC). The target price by Jefferies would suggest a potential upside of 36.05 % from the company’s last price. This has been shown in an analyst note on 11 September.

Ardmore Shipping Corp (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 $10.0 lowest target. $13.33’s average target is 81.36% above currents $7.35 stock price. Ardmore Shipping Corporation had 15 analyst reports since October 29, 2015 according to SRatingsIntel. The rating was maintained by Jefferies on Wednesday, July 27 with “Buy”. The firm has “Buy” rating by Jefferies given on Tuesday, May 30. JP Morgan maintained Ardmore Shipping Corp (NYSE:ASC) rating on Thursday, April 7. JP Morgan has “Overweight” rating and $15 target. The firm has “Hold” rating given on Friday, July 1 by ABN Amro. Jefferies maintained it with “Buy” rating and $10.0 target in Monday, September 11 report. The stock of Ardmore Shipping Corp (NYSE:ASC) has “Buy” rating given on Friday, July 7 by Stifel Nicolaus. As per Monday, August 28, the company rating was maintained by Stifel Nicolaus. Jefferies maintained Ardmore Shipping Corp (NYSE:ASC) rating on Monday, July 3. Jefferies has “Buy” rating and $1000 target. The stock of Ardmore Shipping Corp (NYSE:ASC) earned “Speculative Buy” rating by Seaport Global on Thursday, November 5. The firm has “Buy” rating given on Tuesday, December 15 by Deutsche Bank.

It closed at $7.35 lastly. It is up 14.35% since September 17, 2016 and is downtrending. It has underperformed by 31.05% the S&P500.

Analysts expect Ardmore Shipping Corp (NYSE:ASC) to report $-0.10 EPS on November, 1.They anticipate $0.05 EPS change or 100.00 % from last quarter’s $-0.05 EPS. After having $-0.06 EPS previously, Ardmore Shipping Corp’s analysts see 66.67 % EPS growth.

Ardmore Shipping Corporation provides seaborne transportation of petroleum products and chemicals to national oil companies, oil and chemical traders, and chemical companies, with its fleet of mid-size product and chemical tankers. The company has market cap of $246.78 million. The Company’s segment relates to the activities of its vessels. It currently has negative earnings. The Company’s fleet consists of over 20 double-hulled product and chemical tankers, all of which are in operation.

More news for Ardmore Shipping Corp (NYSE:ASC) were recently published by: Fool.com, which released: “Why Ardmore Shipping Corporation Stock Popped 15% in March” on April 04, 2017. Seekingalpha.com‘s article titled: “Ardmore Shipping’s (ASC) CEO Anthony Gurnee on Q2 2017 Results – Earnings Call …” and published on August 02, 2017 is yet another important article.

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