Torm Plc (NASDAQ:TRMD) Given Consensus Rating of “Hold” by Analysts

Torm Plc (NASDAQ:TRMD) has earned a consensus recommendation of “Hold” from the six ratings firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $27.50.

A number of equities research analysts recently issued reports on TRMD shares. Weiss Ratings restated a “hold (c)” rating on shares of Torm in a report on Wednesday, October 8th. Pareto Securities downgraded shares of Torm from a “buy” rating to a “hold” rating in a report on Tuesday, August 19th. Fearnley Fonds downgraded shares of Torm from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 3rd. Finally, Evercore ISI set a $23.00 target price on shares of Torm and gave the company an “outperform” rating in a report on Thursday, August 14th.

Torm Stock Performance

Shares of NASDAQ TRMD opened at $21.05 on Tuesday. The company has a market cap of $1.98 billion, a PE ratio of 6.38 and a beta of 0.08. Torm has a 12 month low of $13.60 and a 12 month high of $27.00. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.57 and a quick ratio of 2.30. The company has a 50-day simple moving average of $21.48 and a 200-day simple moving average of $18.90.

Torm (NASDAQ:TRMD) last released its earnings results on Thursday, August 14th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.01. Torm had a net margin of 24.90% and a return on equity of 15.73%. The business had revenue of $208.20 million for the quarter, compared to analysts’ expectations of $207.58 million. On average, equities analysts anticipate that Torm will post 6.27 earnings per share for the current year.

Torm Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Friday, August 22nd were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 7.6%. The ex-dividend date was Friday, August 22nd. Torm’s payout ratio is presently 35.45%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC acquired a new position in Torm during the second quarter valued at approximately $46,000. Wealth Preservation Advisors LLC acquired a new position in Torm during the first quarter valued at approximately $69,000. CWM LLC lifted its position in Torm by 1,712.3% during the first quarter. CWM LLC now owns 5,292 shares of the company’s stock valued at $87,000 after buying an additional 5,000 shares in the last quarter. Weaver Consulting Group acquired a new position in Torm during the second quarter valued at approximately $167,000. Finally, Larson Financial Group LLC lifted its position in Torm by 4,694.8% during the first quarter. Larson Financial Group LLC now owns 10,213 shares of the company’s stock valued at $168,000 after buying an additional 10,000 shares in the last quarter. 73.89% of the stock is owned by institutional investors and hedge funds.

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.