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Ardmore Shipping stock price target raised to $13 at Evercore ISI on strong earnings

Published 30/07/2025, 21:34
Ardmore Shipping stock price target raised to $13 at Evercore ISI on strong earnings
ASC
-2.11%

Investing.com - Evercore ISI has raised its price target on Ardmore Shipping Corporation (NYSE:ASC) to $13.00 from $12.00 while maintaining an Outperform rating following the company’s second-quarter earnings report. The stock, currently trading at $10.72, appears undervalued according to InvestingPro analysis, with analyst targets ranging from $12 to $14.

Ardmore reported second-quarter 2025 earnings per share of $0.22, exceeding both Evercore’s forecast and the average Street estimate of $0.18. The company’s dividend, based on its 33% payout policy, came in at $0.07 per share, slightly above expectations. With a current dividend yield of 1.89% and a remarkably low P/E ratio of 4.58, InvestingPro data reveals the stock’s attractive valuation metrics.

The shipping company’s third-quarter-to-date spot rates for both MR and chemical tankers are trending significantly higher than previous expectations, prompting Evercore to increase its third-quarter earnings estimate to $0.26 from $0.06.

Ardmore recently acquired three modern MR tankers with delivery expected later this quarter, expanding its owned fleet by 14%. The company has also signed a new $350 million revolving credit facility to consolidate its debt at a 1.8% margin and finance the new vessels.

Based on these developments, Evercore has increased its full-year 2025 EPS estimate to $0.94 from $0.66 and its 2026 EPS estimate to $0.85 from $0.57, supporting the higher price target. InvestingPro analysis shows the company maintains excellent financial health with a strong 3.73 current ratio and robust balance sheet metrics. Subscribers can access 8 additional ProTips and comprehensive valuation analysis in the Pro Research Report.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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