Opinions
The Panic-Proof Portfolio (Stockchase Research)
Ardmore Shipping Corp
ASC-N
TOP PICK
Feb 04, 2025
$11.820
Stock price when the opinion was issued
Transportation
It's the ideal tool to help you make quicker, more informed decisions for
managing and tracking your investments.
Advertising
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)