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NASDAQ:TRMD

TORM (TRMD) Stock Forecast, Price & News

$24.98
+0.68 (+2.80%)
(As of 06/9/2023 ET)
Compare
Today's Range
$24.32
$25.42
50-Day Range
$23.80
$35.79
52-Week Range
$11.00
$36.60
Volume
306,333 shs
Average Volume
389,573 shs
Market Capitalization
$2.04 billion
P/E Ratio
2.95
Dividend Yield
17.05%
Price Target
$25.00

TORM MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
0.1% Upside
$25.00 Price Target
Short Interest
Healthy
3.07% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.65mentions of TORM in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.86 out of 5 stars

Transportation Sector

93rd out of 120 stocks

Deep Sea Foreign Transportation Of Freight Industry

28th out of 30 stocks


TRMD stock logo

About TORM (NASDAQ:TRMD) Stock

Torm plc is a leading international shipping company specializing in transporting refined oil products, such as gasoline, diesel, and jet fuel. Established in 1889 and headquartered in Copenhagen, Denmark, Torm operates a modern fleet of vessels, ensuring efficient and reliable maritime logistics solutions worldwide.

Torm's mission is to provide safe, efficient, and environmentally responsible transportation services to its global customers while delivering value to its stakeholders.

Torm operates a diverse fleet of product tankers, ranging from 35,000 to 114,000 deadweight tons (DWT). The company's vessels are equipped with advanced technology, enabling them to navigate efficiently and adhere to strict environmental standards. Torm caters to major oil companies, trading houses, and other entities involved in the oil transportation industry.

Torm has a rich history of accomplishments, including being recognized as a leader in sustainable shipping practices. In recent years, the company has received accolades for its environmental initiatives, operational efficiency, and commitment to safety. 

Torm's management team is comprised of experienced professionals who bring a wealth of expertise to the company's operations. Chief Executive Officer Jacob Meldgaard, with over 20 years of industry experience, has successfully led Torm since 2012. Under his guidance, the company has achieved notable milestones, including expanding its fleet and strengthening its market position.

Torm has demonstrated consistent financial performance in recent years. Torm has consistently maintained healthy profit margins, reflecting its ability to manage costs effectively and optimize vessel utilization. Additionally, the company has maintained a prudent debt level, providing financial flexibility for future growth initiatives.

Torm's valuation metrics reflect its solid performance and growth potential within the industry. The company's price-to-earnings compares favorably to the industry average. This suggests that the market recognizes Torm's competitive advantages and growth prospects, resulting in a relatively higher valuation compared to its peers.

Torm's stock has displayed resilience in the face of industry challenges. Over the past year, the company's share price has experienced moderate volatility but has shown an upward trend. Notably, Torm's stock outperformed the broader industry index, driven by strong operational performance and positive investor sentiment surrounding the shipping sector's recovery. Recent news of increasing global oil demand has further bolstered the company's outlook.

The shipping industry plays a pivotal role in the global economy, facilitating the transportation of goods and commodities. Torm differentiates itself through its modern fleet, focus on sustainability, and reputation for reliability. As the industry embraces stricter environmental regulations, Torm's commitment to green initiatives positions it well for future growth.

Torm is well-positioned to capitalize on several growth opportunities. The increasing demand for refined oil products, particularly in emerging markets, presents avenues for expanding Torm's customer base. 

Torm is actively exploring strategic acquisitions to strengthen its market position further. By acquiring complementary shipping assets or entering into strategic partnerships, the company can enhance its operational efficiency, broaden its customer base and expand its geographical reach. Torm is also focusing on leveraging technological advancements to improve its operational capabilities. The company has invested in digital solutions and data analytics to optimize vessel performance, fuel consumption, and route planning. These initiatives drive cost savings and contribute to Torm's commitment to sustainable operations.

Torm recognizes the potential of alternative fuels and energy sources in the shipping industry. As part of its decarbonization efforts, the company has been actively exploring initiatives to adopt cleaner energy solutions, such as biofuels and ammonia. By embracing these innovative technologies, Torm aims to position itself as a leader in environmentally friendly shipping.

Like any company operating in the shipping industry, Torm faces a range of risks and challenges. One significant challenge is the volatility of freight rates, which global economic conditions, geopolitical factors, and fluctuations in oil prices can influence. Torm manages this risk by maintaining a balanced chartering strategy, which includes a combination of short-term and long-term contracts to mitigate exposure to market volatility.

Another key risk for Torm is regulatory compliance. The shipping industry is subject to evolving environmental regulations, including emissions standards and ballast water treatment requirements. Compliance with these regulations necessitates substantial investments in vessel upgrades and operational adjustments. Torm's proactive approach to sustainability and adherence to stringent environmental standards position it well to manage these regulatory challenges effectively.

Geopolitical tensions, trade disputes, and global macroeconomic uncertainties can impact shipping volumes and trade flows. Torm closely monitors these factors to adapt its business strategies and diversify its customer base across different regions.

Risk management remains a priority for Torm. The company maintains comprehensive insurance coverage and has a robust safety management system to mitigate operational risks and protect against unforeseen incidents.

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TRMD Stock News Headlines

TRMD-A.CO - TORM plc
[BREAKING] Pentagon to Spend Billions on "Living Missile"
Air Force Magazine calls it "transformational." The Wall Street Journal calls it one of the Pentagon's "highest priorities." National Defense Magazine reports "Eye-popping budget" for it. This small company won the first contract to build them!
Torm Plc (NASDAQ: TRMD)
TORM (NASDAQ:TRMD) Shares Gap Down to $28.39
TORM goes ex-dividend on Monday
TORM (NASDAQ:TRMD) Shares Gap Down to $30.10
Free Stock Analysis Report: Get Buy, Sell, or Hold Recommendation
Get a full report that tells you what a stock is really worth, how safe the stock is, and if the timing is right to buy the stock. Plus a definitive Buy, Sell, Hold recommendation.
Preview: TORM's Earnings
TORM plc (TRMD) Q1 2023 Earnings Call Transcript
TORM (NASDAQ:TRMD) Upgraded at Danske
TORM (NASDAQ:TRMD) Shares Up 4.4%
Top Stock: The Buy Amid The TORM
TORM (NASDAQ:TRMD) Trading 5.8% Higher
TORM (NASDAQ:TRMD) Shares Gap Down to $32.69
TORM plc (TRMD) Q4 2022 Earnings Call Transcript
TORM plc (NASDAQ:TRMD) Q3 2022 Earnings Call Transcript
See More Headlines

TRMD Price History

TRMD Company Calendar

Last Earnings
3/16/2023
Ex-Dividend for 4/5 Dividend
3/24/2023
Dividend Payable
4/05/2023
Ex-Dividend for 6/6 Dividend
5/22/2023
Dividend Payable
6/06/2023
Today
6/09/2023
Next Earnings (Estimated)
8/17/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Deep sea foreign transportation of freight
Sub-Industry
N/A
Current Symbol
NASDAQ:TRMD
Fax
N/A
Employees
439
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$25.00
High Stock Price Forecast
$25.00
Low Stock Price Forecast
$25.00
Forecasted Upside/Downside
+0.1%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$562.75 million
Pretax Margin
43.17%

Debt

Sales & Book Value

Annual Sales
$1.62 billion
Cash Flow
$8.83 per share
Book Value
$18.45 per share

Miscellaneous

Free Float
81,198,000
Market Cap
$2.04 billion
Optionable
Not Optionable
Beta
0.44

Key Executives

  • Jacob Balslev Meldgaard
    Chief Executive Officer & Executive Director
  • Andreas G. Jørgensen
    Head-Global Operation
  • Kim Balle
    Chief Financial Officer
  • Jesper Søndergaard Jensen
    Senior Vice President & Head-Technical Division
  • Anders Lindén
    Head-Research













TRMD Stock - Frequently Asked Questions

Should I buy or sell TORM stock right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TORM in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" TRMD shares.
View TRMD analyst ratings
or view top-rated stocks.

What is TORM's stock price forecast for 2023?

1 analysts have issued 12 month price targets for TORM's stock. Their TRMD share price forecasts range from $25.00 to $25.00. On average, they predict the company's stock price to reach $25.00 in the next year. This suggests a possible upside of 0.1% from the stock's current price.
View analysts price targets for TRMD
or view top-rated stocks among Wall Street analysts.

How have TRMD shares performed in 2023?

TORM's stock was trading at $29.17 at the start of the year. Since then, TRMD shares have decreased by 14.4% and is now trading at $24.98.
View the best growth stocks for 2023 here
.

When is TORM's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 17th 2023.
View our TRMD earnings forecast
.

How were TORM's earnings last quarter?

TORM plc (NASDAQ:TRMD) issued its quarterly earnings data on Thursday, March, 16th. The company reported $2.79 EPS for the quarter. The company had revenue of $447.35 million for the quarter. TORM had a net margin of 43.47% and a trailing twelve-month return on equity of 49.23%.

How often does TORM pay dividends? What is the dividend yield for TORM?

TORM announced a quarterly dividend on Thursday, May 11th. Investors of record on Tuesday, May 23rd will be paid a dividend of $1.46 per share on Tuesday, June 6th. This represents a $5.84 annualized dividend and a dividend yield of 23.38%. The ex-dividend date of this dividend is Monday, May 22nd. This is an increase from the stock's previous quarterly dividend of $0.85.
Read our dividend analysis for TRMD
.

Is TORM a good dividend stock?

TORM (NASDAQ:TRMD) pays an annual dividend of $4.26 per share and currently has a dividend yield of 17.91%. TRMD has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 50.30%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for TRMD.

What other stocks do shareholders of TORM own?

Based on aggregate information from My MarketBeat watchlists, some companies that other TORM investors own include Gilead Sciences (GILD), Inovio Pharmaceuticals (INO), Frontline (FRO), Intel (INTC), Pfizer (PFE), Micron Technology (MU), Novavax (NVAX), BioNTech (BNTX) and Carnival Co. & (CCL).

What is TORM's stock symbol?

TORM trades on the NASDAQ under the ticker symbol "TRMD."

Who are TORM's major shareholders?

TORM's stock is owned by a number of retail and institutional investors. Top institutional investors include Acadian Asset Management LLC (2.41%), JPMorgan Chase & Co. (1.41%), FIL Ltd (0.80%), Two Sigma Advisers LP (0.69%), Arrowstreet Capital Limited Partnership (0.67%) and Barclays PLC (0.58%).

How do I buy shares of TORM?

Shares of TRMD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is TORM's stock price today?

One share of TRMD stock can currently be purchased for approximately $24.98.

How much money does TORM make?

TORM (NASDAQ:TRMD) has a market capitalization of $2.04 billion and generates $1.62 billion in revenue each year. The company earns $562.75 million in net income (profit) each year or $8.47 on an earnings per share basis.

How many employees does TORM have?

The company employs 439 workers across the globe.

How can I contact TORM?

TORM's mailing address is BIRCHIN COURT 20 BIRCHIN LANE, LONDON X0, EC3V 9DU. The official website for the company is www.torm.com. The company can be reached via phone at 442037952794 or via email at ir@torm.com.

This page (NASDAQ:TRMD) was last updated on 6/9/2023 by MarketBeat.com Staff

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