Ardmore Shipping Corp (ASC-N)
NYSE:ASC
9.90
0.06
(0.60%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
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This summary was created by AI, based on 1 opinions in the last 12 months.
Ardmore Shipping Corp (ASC-N) has demonstrated a proactive approach to managing its operations amidst challenging market conditions by significantly reducing its daily operational costs by 30%. This efficiency has enabled the company to bolster its cash reserves while simultaneously paying down debt. Investors can expect a reliable dividend, supported by a low payout ratio of under 40% of cash flow, which enhances the stock's attractiveness. Analysts have set a price target of $17.00 for the stock, indicating substantial upside potential of 41% from its current levels. With a commendable yield of 8.6%, Ardmore Shipping Corp positions itself as a solid investment option for those seeking income and growth.
This operator of midsized tankers used for refined petroleum and chemicals has reduced its daily cost of operations by 30% to deal with tight market conditions. This has allowed the company to generate growth in cash reserves, while retiring debt. The healthy dividend is backed by a payout ratio under 40% of cash flow. We recommend setting a stop-loss at $8.50, looking to achieve $17.00 — upside potential of 41%. Yield 8.6%
(Analysts’ price target is $17.00)- «
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Ardmore Shipping Corp(ASC-N) Rating
Ranking : 3 out of 5
Bullish - Buy Signals / Votes : 0
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 1
Total Signals / Votes : 1
Ardmore Shipping Corp(ASC-N) Frequently Asked Questions
What is Ardmore Shipping Corp stock symbol?
Ardmore Shipping Corp is a American stock, trading under the symbol ASC-N on the New York Stock Exchange (ASC). It is usually referred to as NYSE:ASC or ASC-N
Is Ardmore Shipping Corp a buy or a sell?
In the last year, 1 stock analyst published opinions about ASC-N. 0 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Ardmore Shipping Corp.
Is Ardmore Shipping Corp a good investment or a top pick?
Ardmore Shipping Corp was recommended as a Top Pick by on . Read the latest stock experts ratings for Ardmore Shipping Corp.
Why is Ardmore Shipping Corp stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Ardmore Shipping Corp worth watching?
In the last year, there was no coverage of Ardmore Shipping Corp published on Stockchase.
What is Ardmore Shipping Corp stock price?
On 2025-05-06, Ardmore Shipping Corp (ASC-N) stock closed at a price of $9.9.
The shipping sector has come under increasing pressure as the speculation of US tariffs continues. Earnings estimates for ASC have been heavily discounted into the share price, so if there is any upside impacting the shipping sector the stock should respond very positively. It trades at 8x earnings, under book value and supports a ROE of 21%. We continue to recommend a stop at $8.50, looking to achieve $12.50 -- upside potential of 25%. Yield 4.6%
(Analysts’ price target is $12.50)