
Ardmore Shipping (ASC) Stock Forecast & Price Target
Ardmore Shipping (ASC) Analyst Ratings
Bulls say
Ardmore Shipping Corp is benefitting from favorable market trends, particularly as refinery margins have surged, indicating potential growth in ton-mile demand for its mid-size product and chemical tanker fleet. The company's robust balance sheet features $243.4 million in total liquidity, including $196.4 million in cash, and a minimal debt level of $38.8 million, positioning it well for shareholder returns through dividends and a new share buyback program. Additionally, Ardmore's strong fourth-quarter performance, highlighted by adjusted earnings of $0.25 per share and daily tanker earnings that exceeded prior expectations, underscores its ability to adapt to market conditions and generate significant revenue.
Bears say
Ardmore Shipping Corp's adjusted EBITDA of $20.2 million fell slightly short of consensus expectations and reflects challenges in maintaining revenue momentum despite a beat over internal forecasts. The anticipated capital expenditures of $30-35 million in 2025 for vessel dry dock and upgrades, coupled with a projected decline in earnings and dividends, underscore looming financial pressures. Furthermore, recent market softness, influenced by the entry of crude tankers into the product trade and reduced refinery throughput, indicates a concerning outlook for tanker rates and asset values.
This aggregate rating is based on analysts' research of Ardmore Shipping and is not a guaranteed prediction by Public.com or investment advice.
Ardmore Shipping (ASC) Analyst Forecast & Price Prediction
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