Opinions
Jim Cramer - Mad Money
Ardmore Shipping Corp
ASC-N
DON'T BUY
Apr 14, 2025
$8.920
Stock price when the opinion was issued
Transportation
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Stockchase Research Editor: Michael O’Reilly
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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A lot of what they carry is tariffed, and this will cause a real slowdown.