Key Analysts at Morgan Stanley Didn’t Change their ‘”Equal-Weight”’ rating for Ardmore Shipping Corp (NYSE:ASC) Shares Today. Their TP Given is $9

November 14, 2017 - By Maria Brooks

 Key Analysts at Morgan Stanley Didn't Change their ‘

Ardmore Shipping Corp (NYSE:ASC) Rating Reaffirmed

New York: In a note shared with investors on 2 November, Morgan Stanley restate their “Equal-Weight” rating on Ardmore Shipping Corp (NYSE:ASC) shares. They now have a $9 target on the firm. Morgan Stanley’s target gives a potential upside of 9.76 % from the company’s last close 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 $9 lowest target. $12.71’s average target is 55.00% above currents $8.2 stock price. Ardmore Shipping Corporation had 18 analyst reports since October 29, 2015 according to SRatingsIntel. Morgan Stanley downgraded Ardmore Shipping Corp (NYSE:ASC) on Thursday, August 25 to “Equal-Weight” rating. The firm has “Buy” rating by Jefferies given on Monday, August 7. Seaport Global reinitiated the shares of ASC in report on Wednesday, May 4 with “Buy” rating. Stifel Nicolaus maintained the stock with “Buy” rating in Monday, August 28 report. The stock of Ardmore Shipping Corp (NYSE:ASC) has “Buy” rating given on Wednesday, July 27 by Jefferies. The rating was maintained by Jefferies on Monday, October 16 with “Buy”. The firm has “Equal-Weight” rating by Morgan Stanley given on Thursday, November 2. The rating was upgraded by Seaport Global to “Speculative Buy” on Thursday, November 5. The rating was initiated by Deutsche Bank with “Buy” on Tuesday, December 15. JP Morgan maintained it with “Overweight” rating and $15 target in Thursday, April 7 report.

The stock decreased 1.80% or $0.15 during the last trading session, reaching $8.2. About 73,764 shares traded. Ardmore Shipping Corp (NYSE:ASC) has declined 14.35% since November 14, 2016 and is downtrending. It has underperformed by 31.05% the S&P500.

Investors wait Ardmore Shipping Corp (NYSE:ASC) to report on February, 6. its quarterly earnings Wall Street analysts expect $-0.08 EPS, up $0.03 or 27.27 % from last year’s $-0.11 same quarter earnings. Ardmore Shipping Corp’s Wall Street analysts see -42.86 % EPS growth, taking into account the $-0.14 EPS reproted in the previous quarter,

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 $275.32 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 important recent Ardmore Shipping Corp (NYSE:ASC) news were published by: Seekingalpha.com which released: “Ardmore Shipping’s (ASC) CEO Anthony Gurnee on Q2 2017 Results – Earnings Call …” on August 02, 2017, also Seekingalpha.com published article titled: “Ardmore Shipping’s (ASC) CEO Anthony Gurnee on Q1 2017 Results – Earnings Call …”, Seekingalpha.com published: “The Hottest Topic In Shipping” on October 18, 2017. More interesting news about Ardmore Shipping Corp (NYSE:ASC) was released by: Fool.com and their article: “Why Ardmore Shipping Corporation Stock Popped 15% in March” with publication date: April 04, 2017.

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