Media headlines about Ardmore Shipping (NYSE:ASC) have trended somewhat positive this week, Accern reports. The research group identifies negative and positive media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Ardmore Shipping earned a news impact score of 0.21 on Accern’s scale. Accern also gave news stories about the shipping company an impact score of 45.5910405805184 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Ardmore Shipping (ASC) Given a $10.00 Price Target by Stifel Nicolaus Analysts (americanbankingnews.com)
- Should You Have Ardmore Shipping Corporation’s (NYSE:ASC) In Your Portfolio? (finance.yahoo.com)
- Ardmore Shipping (ASC) Sees Large Decline in Short Interest (americanbankingnews.com)
- Ardmore Shipping (ASC) Given New $9.00 Price Target at Morgan Stanley (americanbankingnews.com)
- Ardmore Shipping (ASC) Receives Average Recommendation of “Hold” from Analysts (americanbankingnews.com)
ASC stock traded up $0.15 during midday trading on Thursday, reaching $7.80. The company’s stock had a trading volume of 170,893 shares, compared to its average volume of 227,526. Ardmore Shipping has a 52 week low of $6.40 and a 52 week high of $9.05. The stock has a market cap of $248.46, a PE ratio of -21.08 and a beta of 0.95. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.27 and a current ratio of 1.44.
Several analysts have recently weighed in on ASC shares. Zacks Investment Research lowered shares of Ardmore Shipping from a “hold” rating to a “sell” rating in a report on Thursday, February 8th. Seaport Global Securities set a $12.00 price objective on shares of Ardmore Shipping and gave the stock a “buy” rating in a report on Thursday, January 4th. Stifel Nicolaus set a $9.00 price objective on shares of Ardmore Shipping and gave the stock a “buy” rating in a report on Wednesday, January 24th. Jefferies Group initiated coverage on shares of Ardmore Shipping in a report on Monday, December 18th. They set a “buy” rating and a $11.00 price objective for the company. Finally, JPMorgan Chase raised their price target on shares of Ardmore Shipping from $11.00 to $12.00 and gave the company an “overweight” rating in a report on Friday, March 23rd. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $10.42.
Ardmore Shipping Company Profile
Ardmore Shipping Corporation, together with its subsidiaries, engages in the seaborne transportation of petroleum products and chemicals through product and chemical tankers worldwide. As of December 31, 2016, the company operated 27 vessels. It serves oil majors, oil companies, oil and chemical traders, and chemical companies.
Receive News & Ratings for Ardmore Shipping Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ardmore Shipping and related companies with MarketBeat.com's FREE daily email newsletter.