Torm (NASDAQ:TRMD) Upgraded at Wall Street Zen

Torm (NASDAQ:TRMD - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a report issued on Saturday.

Other analysts also recently issued reports about the company. Evercore restated an "outperform" rating and issued a $38.00 price objective on shares of Torm in a research report on Wednesday. Pareto Securities cut Torm from a "hold" rating to a "hold" rating in a research report on Wednesday, May 13th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Torm in a research note on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $38.00.

Torm Price Performance

Torm stock opened at $32.62 on Friday. The company has a market cap of $3.33 billion, a P/E ratio of 5.37 and a beta of 0.09. Torm has a one year low of $19.30 and a one year high of $35.33. The business has a fifty day moving average of $29.40 and a two-hundred day moving average of $29.24. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.20 and a current ratio of 2.27.

Torm (NASDAQ:TRMD - Get Free Report) last posted its quarterly earnings results on Wednesday, August 26th. The company reported $3.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.31 by ($0.06). The company had revenue of $662.80 million for the quarter, compared to analyst estimates of $499.01 million. Torm had a net margin of 35.51% and a return on equity of 27.24%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC lifted its holdings in Torm by 2.6% in the 3rd quarter. NewEdge Advisors LLC now owns 18,109 shares of the company's stock worth $373,000 after buying an additional 459 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in shares of Torm by 1.5% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 31,391 shares of the company's stock valued at $615,000 after acquiring an additional 477 shares in the last quarter. Pictet Asset Management Holding SA increased its position in shares of Torm by 3.3% during the first quarter. Pictet Asset Management Holding SA now owns 15,214 shares of the company's stock worth $431,000 after acquiring an additional 479 shares during the last quarter. Midwest Professional Planners LTD. increased its position in shares of Torm by 0.5% during the first quarter. Midwest Professional Planners LTD. now owns 91,505 shares of the company's stock worth $2,553,000 after acquiring an additional 495 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Torm by 0.7% during the second quarter. Geode Capital Management LLC now owns 83,133 shares of the company's stock worth $1,385,000 after acquiring an additional 611 shares during the last quarter. 73.89% of the stock is owned by hedge funds and other institutional investors.

Torm Company Profile

Torm A/S NASDAQ: TRMD is an international shipping company specializing in the transportation of refined petroleum products. The firm owns and operates a modern fleet of product tankers, including both Handysize and MR vessels, which are designed to carry a broad range of clean petroleum cargoes such as gasoline, jet fuel and diesel. Torm's core business revolves around voyage and time-charter contracts with major oil companies, trading houses and other energy sector clients around the world.

The company's fleet is deployed on global trade routes, with particular focus on major refining and consumption regions in Europe, North America and Asia.

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