Key Equity Analysts at Jefferies Reiterate their ‘Buy’ rating for Ardmore Shipping (NYSE:ASC) Shares Today. Their PT is $10.0

September 17, 2017 - By Peter Erickson

 Key Equity Analysts at Jefferies Reiterate their ‘Buy’ rating for Ardmore Shipping (NYSE:ASC) Shares Today. Their PT is $10.0

Ardmore Shipping (NYSE:ASC) Rating Reaffirmed

New York: In a research report revealed to investors on Monday, 11 September, Jefferies kept their Buy rating on Ardmore Shipping (NYSE:ASC) shares. They now have a $10.0 price target on the company. Jefferies’s target would indicate a potential upside of 36.05 % from the company’s current stock price.

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. As per Friday, July 7, the company rating was maintained by Stifel Nicolaus. The stock has “Buy” rating by Jefferies on Monday, September 11. The firm has “Buy” rating by Jefferies given on Monday, August 7. The firm earned “Buy” rating on Monday, July 3 by Jefferies. The stock of Ardmore Shipping Corp (NYSE:ASC) has “Hold” rating given on Friday, July 1 by ABN Amro. Seaport Global upgraded the shares of ASC in report on Thursday, November 5 to “Speculative Buy” rating. Deutsche Bank initiated the shares of ASC in report on Tuesday, December 15 with “Buy” rating. Seaport Global reinitiated Ardmore Shipping Corp (NYSE:ASC) rating on Wednesday, May 4. Seaport Global has “Buy” rating and $13 target. Jefferies maintained the shares of ASC in report on Wednesday, July 27 with “Buy” rating. The stock of Ardmore Shipping Corp (NYSE:ASC) earned “Overweight” rating by JP Morgan on Thursday, April 7.

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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