Reported about 19 hours ago
Evercore ISI has reaffirmed a Buy rating for Ardmore Shipping Corporation (ASC) and set a price target of $12. The company reported $5.6 million in adjusted earnings for Q1, translating to $0.14 per share. Ardmore Shipping provides seaborne transportation for petroleum and chemicals, with MR tankers earning an average rate of $20,942 per day. While ASC shows investment potential, some analysts suggest that AI stocks may present better opportunities.
Source: YAHOO