Validea Joseph Piotroski Strategy Daily Upgrade Report - 2/14/2025
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 14 2025
0mins
Source: NASDAQ.COM
Validea's Stock Ratings: Validea has upgraded the ratings for Scorpio Tankers Inc and Ardmore Shipping Corp based on Joseph Piotroski's value-quant strategy, indicating strong interest in these stocks due to their improving financial fundamentals.
Joseph Piotroski's Investment Strategy: Piotroski, an accounting professor, developed a stock-selection method that significantly outperformed the market, focusing on historical financial data to identify financially sound companies.
Analyst Views on ASC
Wall Street analysts forecast ASC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ASC is 16.00 USD with a low forecast of 16.00 USD and a high forecast of 16.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 11.870
Low
16.00
Averages
16.00
High
16.00
Current: 11.870
Low
16.00
Averages
16.00
High
16.00
About ASC
Ardmore Shipping Corporation is engaged in the ownership and operation of product and chemical tankers in worldwide trade. It operates through a single segment, which is transportation of refined petroleum products and chemicals. It provides seaborne transportation of petroleum products and chemicals worldwide to oil majors, national oil companies, oil and chemical traders, and chemical companies, with its fleet of mid-size product and chemical tankers. It provides shipping services to customers through voyage charters, time charters, and commercial pools. It has approximately 26 vessels in operation. Its vessels include Ardmore Exporter, Ardmore Explorer, Ardmore Enterprise, Ardmore Engineer, Ardmore Endurance, Ardmore Endeavour, Ardmore Encounter, Ardmore Seahawk, Ardmore Seavanguard, Ardmore Seavantage, Ardmore Seaventure, Ardmore Gibraltar, Ardmore Seafox, and Ardmore Seavaliant, among others. It charters its vessels through a combination of spot and time-charter arrangements.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
