Ardmore Shipping

ASC · NYSE

$18.87+$0.37 (+2.00%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $18.50

ASC analyst rating

BuyConsensus of 2 analysts over the last 12 months. 100% rate it a buy.

Strong buy0
Buy2
Hold0
Underperform0
Sell0

12-month price target · 4 analysts

Average $20.91 (+10.8% upside)

Low: $20.20
Now: $18.87
High: $22.05

Upgrades and downgrades

The latest rating actions, newest first

ASC analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Evercore ISI Group	Apr 22, 2026	Maintains	Outperform	$21.00 → $19.00	63%
Jefferies	Nov 5, 2025	Maintains	Buy	$15.00	72%
Evercore ISI Group	Oct 28, 2025	Maintains	Outperform	$13.00 → $15.00	63%

The case for and against

Updated Jan 19, 2026

Bull case

Ardmore Shipping Corp is poised for an enhanced earnings trajectory, driven by an expected increase in OPEC+ volumes and improved refinery profitability, which suggests a favorable market environment for its operations. The delivery of three modern MR vessels is projected to augment earnings, with a notable increase in the 2026 EPS estimate by $0.16 per share, reflecting the company's effective management of its fleet and market conditions. Additionally, strong fourth-quarter bookings, which include securing significant daily rates for both MR and chemical spot days, indicate robust demand and revenue potential for the company moving forward.

Bear case

Ardmore Shipping Corp faces potential volatility in its charter rates due to fluctuations in oil volumes, which could adversely impact revenue stability in the seaborne transportation sector. The company's current net loan-to-value (net-LTV) ratio is low at 6%, suggesting minimal leverage, but this may not mitigate risks associated with rising interest rates that typically lead to declining ship values. Additionally, the existing consensus on earnings projections may not accurately reflect the potential for downward revisions if market conditions worsen, further contributing to a negative outlook for the stock.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.