Torm Plc (NASDAQ:TRMD) Given Average Rating of "Hold" by Analysts

Key Points

• Torm Plc has received an average rating of "Hold" from analysts, with one sell rating, two hold ratings, and two buy ratings issued.
• The company's stock rose 3.0% to $21.93, with a yearly price range between $13.60 and $33.15.
• Torm recently announced a $0.40 quarterly dividend, representing a 7.3% annualized yield and a payout ratio of 35.45%.

Torm Plc (NASDAQ:TRMD - Get Free Report) has earned an average rating of "Hold" from the five analysts that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $27.50.

A number of research analysts have recently commented on the company. Weiss Ratings reiterated a "hold (c)" rating on shares of Torm in a report on Saturday, September 27th. Fearnley Fonds cut Torm from a "strong-buy" rating to a "hold" rating in a report on Wednesday, September 3rd. Pareto Securities lowered Torm from a "buy" rating to a "hold" rating in a research note on Tuesday, August 19th. Finally, Evercore ISI set a $23.00 target price on Torm and gave the company an "outperform" rating in a research note on Thursday, August 14th.

Torm Stock Up 3.0%

NASDAQ:TRMD traded up $0.63 on Friday, hitting $21.93. 603,364 shares of the company's stock traded hands, compared to its average volume of 900,742. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.46. Torm has a 1 year low of $13.60 and a 1 year high of $33.15. The firm has a 50-day moving average price of $21.01 and a 200-day moving average price of $18.41. The company has a market cap of $2.06 billion, a PE ratio of 6.65 and a beta of 0.08.

Torm (NASDAQ:TRMD - Get Free Report) last announced its quarterly earnings results on Thursday, August 14th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.01. Torm had a return on equity of 15.73% and a net margin of 24.90%.The business had revenue of $208.20 million during the quarter, compared to analyst estimates of $207.58 million. Equities analysts anticipate that Torm will post 6.27 EPS for the current fiscal year.

Torm Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Friday, August 22nd were given a $0.40 dividend. The ex-dividend date of this dividend was Friday, August 22nd. This represents a $1.60 dividend on an annualized basis and a yield of 7.3%. Torm's dividend payout ratio (DPR) is 35.45%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in TRMD. Tower Research Capital LLC TRC acquired a new stake in Torm during the 2nd quarter worth approximately $46,000. Wealth Preservation Advisors LLC acquired a new position in shares of Torm during the 1st quarter worth $69,000. CWM LLC raised its holdings in shares of Torm by 1,712.3% during the 1st quarter. CWM LLC now owns 5,292 shares of the company's stock worth $87,000 after buying an additional 5,000 shares in the last quarter. Hibernia Wealth Partners LLC bought a new stake in Torm during the 1st quarter worth $167,000. Finally, Weaver Consulting Group bought a new stake in Torm during the 2nd quarter worth $167,000. 73.89% of the stock is currently owned by institutional investors.

Torm Company Profile

TORM plc, a shipping company, owns and operates a fleet of product tankers in the United Kingdom. It operates in two operating segments, Tanker and Marine Exhaust. The Tanker segment transports refined oil products, such as gasoline, jet fuel, kerosene, naphtha, and gas oil, as well as dirty petroleum products, including fuel oil.

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