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

September 17, 2017 - By Louis Casey

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

Ardmore Shipping (NYSE:ASC) Rating Reaffirmed

Jefferies now has a $10.0 target on the $246.78M market cap company or 36.05 % upside potential. In a note revealed to investors on 11 September, Ardmore Shipping (NYSE:ASC) shares have had their “Buy” Rating maintained by stock analysts at Jefferies.

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 initiated by Deutsche Bank with “Buy” on Tuesday, December 15. The stock of Ardmore Shipping Corp (NYSE:ASC) earned “Buy” rating by Seaport Global on Wednesday, May 4. As per Friday, July 1, the company rating was upgraded by ABN Amro. The rating was downgraded by Morgan Stanley to “Equal-Weight” on Thursday, August 25. Stifel Nicolaus maintained the stock with “Buy” rating in Friday, July 7 report. On Thursday, April 7 the stock rating was maintained by JP Morgan with “Overweight”. Jefferies maintained the stock with “Buy” rating in Monday, August 7 report. The firm earned “Buy” rating on Monday, September 11 by Jefferies. The rating was maintained by Jefferies on Monday, July 3 with “Buy”. The stock of Ardmore Shipping Corp (NYSE:ASC) earned “Buy” rating by Stifel Nicolaus on Monday, August 28.

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

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