TORM (TRMD) Stock Forecast, Price Target & Predictions

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TRMD Stock Forecast

TORM stock forecast is as follows: an average price target of $45.00 (represents a 89.00% upside from TRMD’s last price of $23.81) and a rating consensus of 'Buy', based on 2 wall street analysts offering a 1-year stock forecast.

TRMD Price Target

The average price target for TORM (TRMD) is $45.00 based on 1-year price targets from 2 Wall Street analysts in the past 3 months, with a price target range of $45.00 to $45.00. This represents a potential 89.00% upside from TRMD's last price of $23.81.

TRMD Analyst Ratings

Buy

According to 2 Wall Street analysts, TORM's rating consensus is 'Buy'. The analyst rating breakdown for TRMD stock is 0 'Strong Buy' (0.00%), 1 'Buy' (50.00%), 1 'Hold' (50.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

TORM Price Target by Analyst

Date	Analyst	Company	Price Target	Price when Published	Price Target/Price when Published	Price Target/Last Closing Price
May 08, 2024	Jonathan Chappell	Evercore ISI	$45.00	$35.80	25.70%	89.00%

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The latest TORM stock forecast, released on May 08, 2024 by Jonathan Chappell from Evercore ISI, set a price target of $45.00, which represents a 25.70% increase from the stock price at the time of the forecast ($35.80), and a 89.00% increase from TRMD last price ($23.81).

TORM Price Target by Period

	1M	3M	12M
# Anlaysts	-	-	1
Avg Price Target	-	-	$45.00
Last Closing Price	$23.81	$23.81	$23.81
Upside/Downside	-100.00%	-100.00%	89.00%

In the current month, the average price target of TORM stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to TORM's last price of $23.81. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

Date	Company	Previous Rating	New Rating	Rating Change
Oct 23, 2024	Pareto	-	Hold	Downgrade
Jul 23, 2024	Evercore ISI	Outperform	Outperform	Hold
May 08, 2024	Evercore ISI	Outperform	Outperform	Hold
Mar 08, 2024	Evercore ISI	Outperform	Outperform	Hold

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TORM's last stock rating was published by Pareto on Oct 23, 2024. The company Downgrade its TRMD rating from "null" to "Hold".

TORM Financial Forecast

TORM Revenue Forecast

	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$390.20M	$447.35M	$448.10M	$338.50M	$209.40M	$189.13M	$155.50M	$150.80M	$124.10M	$105.16M	$163.70M
Avg Forecast	$279.72M	$279.72M	$276.68M	$273.64M	$279.72M	$279.72M	$276.68M	$273.64M	$301.89M	$262.57M	$276.95M	$276.32M	$244.79M	$274.01M	$335.30M	$340.73M	$304.76M	$234.11M	$287.33M	$280.24M	$304.94M	$310.73M	$200.17M	$117.82M	$120.92M	$111.33M	$91.78M	$81.75M	$72.89M	$131.06M
High Forecast	$289.81M	$289.81M	$286.66M	$283.51M	$289.81M	$289.81M	$286.66M	$283.51M	$312.78M	$272.04M	$286.93M	$286.29M	$253.62M	$283.90M	$338.42M	$344.09M	$314.51M	$234.61M	$297.69M	$290.35M	$315.93M	$310.73M	$200.17M	$117.82M	$120.92M	$111.33M	$91.78M	$81.75M	$72.89M	$131.06M
Low Forecast	$274.43M	$274.43M	$271.44M	$268.46M	$274.43M	$274.43M	$271.44M	$268.46M	$296.18M	$257.60M	$271.70M	$271.09M	$240.16M	$268.83M	$332.19M	$337.37M	$295.57M	$233.61M	$281.89M	$274.93M	$299.16M	$310.73M	$200.17M	$117.82M	$120.92M	$111.33M	$91.78M	$81.75M	$72.89M	$131.06M
# Analysts	1	1	1	1	1	1	1	1	1	1	1	1	2	1	1	1	3	1	1	1	1	1	1	1	1	1	1	1	5	4
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.39%	1.47%	1.44%	1.69%	1.78%	1.56%	1.40%	1.64%	1.52%	1.44%	1.25%

TORM's average Quarter revenue forecast for Jun 23 based on 1 analysts is $287.33M, with a low forecast of $281.89M, and a high forecast of $297.69M. TRMD's average Quarter revenue forecast represents a -26.36% decrease compared to the company's last Quarter revenue of $390.20M (Mar 23).

TORM EBITDA Forecast

	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20
# Analysts	1	1	1	1	1	1	1	1	1	1	1	1	2	1	1	1	3	1	1	1	1	1	1	1	1	1	1	1	5	4
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$202.60M	$269.87M	$254.20M	$152.90M	$60.40M	$36.51M	$30.90M	$43.90M	$19.20M	$-1.05M	$42.00M
Avg Forecast	$114.85M	$114.85M	$113.60M	$112.36M	$114.85M	$114.85M	$113.60M	$112.36M	$123.96M	$107.81M	$113.71M	$113.46M	$100.51M	$112.51M	$137.67M	$139.90M	$125.13M	$96.12M	$117.98M	$115.07M	$125.21M	$117.31M	$75.57M	$44.48M	$45.65M	$42.03M	$34.65M	$11.89M	$27.52M	$72.90M
High Forecast	$119.00M	$119.00M	$117.70M	$116.41M	$119.00M	$119.00M	$117.70M	$116.41M	$128.43M	$111.70M	$117.81M	$117.55M	$104.14M	$116.57M	$138.95M	$141.28M	$129.14M	$96.33M	$122.23M	$119.22M	$129.72M	$117.31M	$75.57M	$44.48M	$45.65M	$42.03M	$34.65M	$14.26M	$27.52M	$87.48M
Low Forecast	$112.68M	$112.68M	$111.45M	$110.23M	$112.68M	$112.68M	$111.45M	$110.23M	$121.61M	$105.77M	$111.56M	$111.31M	$98.61M	$110.38M	$136.39M	$138.52M	$121.36M	$95.92M	$115.74M	$112.89M	$122.83M	$117.31M	$75.57M	$44.48M	$45.65M	$42.03M	$34.65M	$9.51M	$27.52M	$58.32M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.76%	2.16%	2.17%	2.02%	1.36%	0.80%	0.74%	1.27%	1.62%	-0.04%	0.58%

1 analysts predict TRMD's average Quarter EBITDA for Jun 23 to be $117.98M, with a high of $122.23M and a low of $115.74M. This is -41.77% lower than TORM's previous annual EBITDA (Mar 23) of $202.60M.

TORM Net Income Forecast

	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20
# Analysts	1	1	1	1	1	1	1	1	1	1	1	1	2	1	1	1	3	1	1	1	1	1	1	1	1	1	1	1	5	4
Net Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$153.60M	$228.65M	$217.10M	$106.60M	$10.40M	$-8.19M	$-14.70M	$2.10M	$-21.30M	$-39.99M	$600.00K
Avg Forecast	$131.51M	$130.58M	$127.30M	$124.12M	$128.74M	$128.21M	$124.36M	$121.46M	$142.67M	$97.36M	$114.52M	$124.20M	$91.52M	$127.94M	$197.57M	$211.12M	$195.74M	$121.22M	$186.40M	$196.85M	$237.34M	$240.35M	$124.60M	$9.96M	$-9.56M	$-15.13M	$-12.28M	$-13.19M	$-32.43M	$1.04M
High Forecast	$137.67M	$136.70M	$133.27M	$129.94M	$134.77M	$134.22M	$130.19M	$127.16M	$149.36M	$101.93M	$119.89M	$130.02M	$95.81M	$133.93M	$197.69M	$211.69M	$202.49M	$122.21M	$195.14M	$206.08M	$248.47M	$240.35M	$124.60M	$9.96M	$-9.56M	$-15.13M	$-12.28M	$-10.55M	$-32.43M	$1.25M
Low Forecast	$128.27M	$127.37M	$124.17M	$121.07M	$125.57M	$125.06M	$121.30M	$118.47M	$139.16M	$94.97M	$111.70M	$121.14M	$89.27M	$124.79M	$197.45M	$210.54M	$190.11M	$120.24M	$181.81M	$192.00M	$231.50M	$240.35M	$124.60M	$9.96M	$-9.56M	$-15.13M	$-12.28M	$-15.82M	$-32.43M	$833.14K
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.78%	0.96%	0.90%	0.86%	1.04%	0.86%	0.97%	-0.17%	1.62%	1.23%	0.58%

TORM's average Quarter net income forecast for Jun 23 is $186.40M, with a range of $181.81M to $195.14M. TRMD's average Quarter net income forecast represents a 21.35% increase compared to the company's last Quarter net income of $153.60M (Mar 23).

TORM SG&A Forecast

	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20
# Analysts	1	1	1	1	1	1	1	1	1	1	1	1	2	1	1	1	3	1	1	1	1	1	1	1	1	1	1	1	5	4
SG&A	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$17.60M	$15.71M	$13.40M	$12.50M	$13.40M	$12.44M	$12.30M	$13.20M	$13.60M	$13.07M	$11.70M
Avg Forecast	$17.49M	$17.49M	$17.30M	$17.11M	$17.49M	$17.49M	$17.30M	$17.11M	$18.87M	$16.41M	$17.31M	$17.27M	$15.30M	$17.13M	$20.96M	$21.30M	$19.05M	$14.63M	$17.96M	$17.52M	$19.06M	$19.42M	$12.51M	$7.37M	$7.56M	$6.96M	$5.74M	$8.42M	$4.56M	$20.31M
High Forecast	$18.12M	$18.12M	$17.92M	$17.72M	$18.12M	$18.12M	$17.92M	$17.72M	$19.55M	$17.01M	$17.94M	$17.90M	$15.85M	$17.75M	$21.16M	$21.51M	$19.66M	$14.67M	$18.61M	$18.15M	$19.75M	$19.42M	$12.51M	$7.37M	$7.56M	$6.96M	$5.74M	$10.10M	$4.56M	$24.37M
Low Forecast	$17.16M	$17.16M	$16.97M	$16.78M	$17.16M	$17.16M	$16.97M	$16.78M	$18.51M	$16.10M	$16.98M	$16.95M	$15.01M	$16.81M	$20.77M	$21.09M	$18.48M	$14.60M	$17.62M	$17.19M	$18.70M	$19.42M	$12.51M	$7.37M	$7.56M	$6.96M	$5.74M	$6.74M	$4.56M	$16.25M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.00%	0.82%	0.69%	1.00%	1.82%	1.65%	1.77%	2.30%	1.62%	2.87%	0.58%

TORM's average Quarter SG&A projection for Jun 23 is $17.96M, based on 1 Wall Street analysts, with a range of $17.62M to $18.61M. The forecast indicates a 2.05% rise compared to TRMD last annual SG&A of $17.60M (Mar 23).

TORM EPS Forecast

	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20
# Analysts	1	1	1	1	1	1	1	1	1	1	1	1	2	1	1	1	3	1	1	1	1	1	1	1	1	1	1	1	5	4
EPS	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$1.87	$2.81	$2.66	$1.31	$0.13	$-0.10	$-0.18	$0.03	$-0.29	$-0.54	$0.01
Avg Forecast	$1.36	$1.35	$1.32	$1.29	$1.34	$1.33	$1.29	$1.26	$1.48	$1.01	$1.19	$1.29	$0.95	$1.33	$2.05	$2.19	$2.03	$1.26	$1.93	$2.04	$2.46	$2.49	$1.29	$0.10	$-0.10	$-0.16	$-0.13	$-0.31	$-0.34	$0.14
High Forecast	$1.43	$1.42	$1.38	$1.35	$1.40	$1.39	$1.35	$1.32	$1.55	$1.06	$1.24	$1.35	$0.99	$1.39	$2.05	$2.20	$2.10	$1.27	$2.02	$2.14	$2.58	$2.49	$1.29	$0.10	$-0.10	$-0.16	$-0.13	$-0.31	$-0.34	$0.14
Low Forecast	$1.33	$1.32	$1.29	$1.26	$1.30	$1.30	$1.26	$1.23	$1.44	$0.99	$1.16	$1.26	$0.93	$1.29	$2.05	$2.18	$1.97	$1.25	$1.89	$1.99	$2.40	$2.49	$1.29	$0.10	$-0.10	$-0.16	$-0.13	$-0.31	$-0.34	$0.14
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.92%	1.14%	1.07%	1.01%	1.26%	1.01%	1.15%	-0.24%	0.94%	1.61%	0.07%

According to 1 Wall Street analysts, TORM's projected average Quarter EPS for Jun 23 is $1.93, with a low estimate of $1.89 and a high estimate of $2.02. This represents a 3.40% increase compared to TRMD previous annual EPS of $1.87 (Mar 23).

TORM Peer Comparison by Price Target

Ticker	Company	Last Closing Price	Avg Price Target	Upside/Downside	Avg Rating
TRMD	TORM	$23.81	$45.00	89.00%	Buy
INSW	International Seaways	$41.87	$56.00	33.75%	Buy
EURN	Euronav NV	$16.74	$21.00	25.45%	Hold
ASC	Ardmore Shipping	$12.32	$15.17	23.13%	Buy
TNP	Tsakos Energy Navigation	$29.28	$26.00	-11.20%	Buy

TRMD Forecast FAQ

Is TORM a good buy?

Yes, according to 2 Wall Street analysts, TORM (TRMD) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 1 'Buy' recommendations, accounting for 50.00% of TRMD's total ratings.

What is TRMD's price target?

TORM (TRMD) average price target is $45 with a range of $45 to $45, implying a 89.00% from its last price of $23.81. The data is based on 2 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will TORM stock go up soon?

According to Wall Street analysts' prediction for TRMD stock, the company can go up by 89.00% (from the last price of $23.81 to the average price target of $45), up by 89.00% based on the highest stock price target, and up by 89.00% based on the lowest stock price target.

Can TORM stock reach $40?

TRMD's average twelve months analyst stock price target of $45 supports the claim that TORM can reach $40 in the near future.

What are TORM's analysts' financial forecasts?

TORM's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $1.11B (high $1.15B, low $1.09B), average EBITDA is $455.67M (high $472.1M, low $447.04M), average net income is $502.77M (high $526.34M, low $490.4M), average SG&A $69.37M (high $71.88M, low $68.06M), and average EPS is $5.22 (high $5.46, low $5.09). TRMD's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $1.11B (high $1.15B, low $1.09B), average EBITDA is $455.67M (high $472.1M, low $447.04M), average net income is $513.52M (high $537.59M, low $500.88M), average SG&A $69.37M (high $71.88M, low $68.06M), and average EPS is $5.33 (high $5.58, low $5.2).

Did the TRMD's actual financial results beat the analysts' financial forecasts?

Based on TORM's last annual report (Dec 2022), the company's revenue was $1.44B, beating the average analysts forecast of $933.66M by 54.59%. Apple's EBITDA was $737.37M, beating the average prediction of $362.57M by 103.37%. The company's net income was $562.75M, missing the average estimation of $612.25M by -8.08%. Apple's SG&A was $55M, missing the average forecast of $58.37M by -5.76%. Lastly, the company's EPS was $6.92, beating the average prediction of $6.35 by 8.96%. In terms of the last quarterly report (Mar 2023), TORM's revenue was $390.2M, beating the average analysts' forecast of $280.24M by 39.24%. The company's EBITDA was $202.6M, beating the average prediction of $115.07M by 76.07%. TORM's net income was $153.6M, missing the average estimation of $196.85M by -21.97%. The company's SG&A was $17.6M, beating the average forecast of $17.52M by 0.47%. Lastly, the company's EPS was $1.87, missing the average prediction of $2.04 by -8.42%