TORM (TRMD) Stock Forecast, Price Target & Predictions
TRMD Stock Forecast
TORM stock forecast is as follows: an average price target of $45.00 (represents a 32.16% upside from TRMD’s last price of $34.05) and a rating consensus of 'Buy', based on 1 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 1 Wall Street analysts in the past 3 months, with a price target range of $45.00 to $45.00. This represents a potential 32.16% upside from TRMD's last price of $34.05.
TRMD Analyst Ratings
According to 1 Wall Street analysts, TORM's rating consensus is 'Buy'. The analyst rating breakdown for TRMD stock is 0 'Strong Buy' (0.00%), 1 'Buy' (100.00%), 0 'Hold' (0.00%), 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% | 32.16% |
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 32.16% increase from TRMD last price ($34.05).
TORM Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 1 |
| Avg Price Target | - | - | $45.00 |
| Last Closing Price | $34.05 | $34.05 | $34.05 |
| Upside/Downside | -100.00% | -100.00% | 32.16% |
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 $34.05. 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 |
|---|---|---|---|---|
| Jul 23, 2024 | Evercore ISI | Outperform | Outperform | Hold |
| May 08, 2024 | Evercore ISI | Outperform | Outperform | Hold |
| Mar 08, 2024 | Evercore ISI | Outperform | Outperform | Hold |
TORM's last stock rating was published by Evercore ISI on Jul 23, 2024. The company gave TRMD a "Outperform" rating, the same as its previous rate.
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 | $312.86M | $250.57M | $267.95M | $291.41M | $342.01M | $284.44M | $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 | $303.52M | $303.52M | $300.23M | $296.93M | $303.52M | $303.52M | $300.23M | $296.93M | $339.48M | $271.90M | $290.74M | $316.21M | $371.11M | $308.64M | $363.83M | $369.73M | $314.51M | $254.02M | $311.78M | $304.08M | $330.88M | $337.17M | $200.17M | $125.14M | $128.43M | $118.24M | $97.47M | $86.82M | $77.42M | $139.20M |
| Low Forecast | $252.64M | $252.64M | $249.90M | $247.15M | $252.64M | $252.64M | $249.90M | $247.15M | $282.57M | $226.32M | $242.00M | $263.20M | $308.90M | $256.90M | $302.84M | $307.75M | $295.57M | $211.44M | $259.51M | $253.11M | $275.41M | $280.65M | $200.17M | $111.49M | $114.42M | $105.34M | $86.84M | $77.35M | $68.97M | $124.01M |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | - | - | - | - | 1 | 2 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | - | - | 1 | 2 | 2 | 1 | 7 | 8 |
| 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 $259.51M, and a high forecast of $311.78M. 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 | 2 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | - | - | 1 | 2 | 2 | 1 | 7 | 8 |
| 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 | $105.61M | $105.61M | $104.46M | $103.31M | $105.61M | $105.61M | $104.46M | $103.31M | $118.12M | $94.60M | $101.16M | $110.02M | $129.12M | $107.39M | $126.59M | $128.64M | $115.06M | $88.38M | $108.48M | $105.80M | $115.12M | $117.31M | $75.57M | $44.48M | $45.65M | $68.16M | $36.05M | $11.89M | $27.52M | $72.90M |
| High Forecast | $114.59M | $114.59M | $113.35M | $112.10M | $114.59M | $114.59M | $113.35M | $112.10M | $128.17M | $102.65M | $109.77M | $119.38M | $140.11M | $116.52M | $137.36M | $139.58M | $118.74M | $95.90M | $117.71M | $114.80M | $124.92M | $127.29M | $75.57M | $47.24M | $48.49M | $81.79M | $43.26M | $14.26M | $29.23M | $87.48M |
| Low Forecast | $95.38M | $95.38M | $94.34M | $93.31M | $95.38M | $95.38M | $94.34M | $93.31M | $106.68M | $85.44M | $91.37M | $99.37M | $116.62M | $96.99M | $114.33M | $116.18M | $111.59M | $79.83M | $97.97M | $95.56M | $103.98M | $105.95M | $75.57M | $42.09M | $43.20M | $54.53M | $28.84M | $9.51M | $26.04M | $58.32M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.91% | 2.34% | 2.17% | 2.02% | 1.36% | 0.80% | 0.45% | 1.22% | 1.62% | -0.04% | 0.58% |
1 analysts predict TRMD's average Quarter EBITDA for Jun 23 to be $108.48M, with a high of $117.71M and a low of $97.97M. This is -46.46% 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 | 2 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | - | - | 1 | 2 | 2 | 1 | 7 | 8 |
| 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 | $131.20M | $130.12M | $126.78M | $123.44M | $127.72M | $126.64M | $123.39M | $119.54M | $178.34M | $111.10M | $122.81M | $145.76M | $191.00M | $138.49M | $197.57M | $211.12M | $195.74M | $121.22M | $186.40M | $196.85M | $237.34M | $240.35M | $119.69M | $9.04M | $-8.67M | $973.73K | $4.51M | $-13.19M | $-29.42M | $1.04M |
| High Forecast | $145.71M | $144.51M | $140.80M | $137.09M | $141.85M | $140.65M | $137.04M | $132.76M | $198.07M | $123.39M | $136.40M | $161.88M | $212.13M | $153.81M | $219.43M | $234.47M | $202.49M | $134.63M | $207.02M | $218.62M | $263.60M | $266.93M | $119.69M | $9.77M | $-8.06M | $1.17M | $5.41M | $-10.55M | $-27.37M | $1.25M |
| Low Forecast | $114.69M | $113.74M | $110.82M | $107.90M | $111.65M | $110.70M | $107.86M | $104.49M | $155.89M | $97.12M | $107.36M | $127.41M | $166.96M | $121.06M | $172.71M | $184.55M | $190.11M | $105.97M | $162.94M | $172.07M | $207.47M | $210.10M | $119.69M | $8.41M | $-9.37M | $778.99K | $3.61M | $-15.82M | $-31.80M | $833.14K |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.78% | 0.96% | 0.90% | 0.89% | 1.15% | 0.94% | -15.10% | 0.47% | 1.62% | 1.36% | 0.58% |
TORM's average Quarter net income forecast for Jun 23 is $186.40M, with a range of $162.94M to $207.02M. 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 | 2 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | - | - | 1 | 2 | 2 | 1 | 7 | 8 |
| 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 | $19.56M | $15.66M | $16.75M | $18.22M | $21.38M | $17.78M | $20.96M | $21.30M | $19.05M | $14.63M | $17.96M | $17.52M | $19.06M | $19.42M | $12.51M | $7.37M | $7.56M | $18.99M | $10.66M | $8.42M | $4.56M | $20.31M |
| High Forecast | $18.97M | $18.97M | $18.77M | $18.56M | $18.97M | $18.97M | $18.77M | $18.56M | $21.22M | $17.00M | $18.18M | $19.77M | $23.20M | $19.29M | $22.74M | $23.11M | $19.66M | $15.88M | $19.49M | $19.01M | $20.68M | $21.08M | $12.51M | $7.82M | $8.03M | $22.79M | $12.79M | $10.10M | $4.84M | $24.37M |
| Low Forecast | $15.79M | $15.79M | $15.62M | $15.45M | $15.79M | $15.79M | $15.62M | $15.45M | $17.66M | $14.15M | $15.13M | $16.45M | $19.31M | $16.06M | $18.93M | $19.24M | $18.48M | $13.22M | $16.22M | $15.82M | $17.22M | $17.54M | $12.51M | $6.97M | $7.15M | $15.19M | $8.53M | $6.74M | $4.31M | $16.25M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.00% | 0.82% | 0.69% | 1.00% | 1.82% | 1.65% | 0.65% | 1.24% | 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 $16.22M to $19.49M. 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 | 2 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | - | - | 1 | 2 | 2 | 1 | 7 | 8 |
| 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 | $1.28 | $1.32 | $1.31 | $1.28 | $1.24 | $1.85 | $1.15 | $1.27 | $1.51 | $1.98 | $1.44 | $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 | $1.51 | $1.50 | $1.46 | $1.42 | $1.47 | $1.46 | $1.42 | $1.38 | $2.05 | $1.28 | $1.41 | $1.68 | $2.20 | $1.60 | $2.28 | $2.43 | $2.10 | $1.40 | $2.15 | $2.27 | $2.73 | $2.77 | $1.29 | $0.11 | $-0.09 | $-0.15 | $-0.12 | $-0.29 | $-0.31 | $0.15 |
| Low Forecast | $1.19 | $1.18 | $1.15 | $1.12 | $1.16 | $1.15 | $1.12 | $1.08 | $1.62 | $1.01 | $1.11 | $1.32 | $1.73 | $1.26 | $1.79 | $1.91 | $1.97 | $1.10 | $1.69 | $1.78 | $2.15 | $2.18 | $1.29 | $0.10 | $-0.11 | $-0.17 | $-0.14 | $-0.33 | $-0.36 | $0.13 |
| 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 $1.69 and a high estimate of $2.15. This represents a 3.40% increase compared to TRMD previous annual EPS of $1.87 (Mar 23).
TRMD Forecast FAQ
Is TORM a good buy?
Yes, according to 1 Wall Street analysts, TORM (TRMD) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 1 'Buy' recommendations, accounting for 100.00% 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 32.16% from its last price of $34.05. The data is based on 1 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 32.16% (from the last price of $34.05 to the average price target of $45), up by 32.16% based on the highest stock price target, and up by 32.16% based on the lowest stock price target.
Can TORM stock reach $50?
TRMD's average twelve months analyst stock price target of $45 does not support the claim that TORM can reach $50 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 $1.2B, low $1B), average EBITDA is $418.98M (high $454.63M, low $378.42M), average net income is $497.29M (high $552.29M, low $434.7M), average SG&A $69.37M (high $75.28M, low $62.66M), and average EPS is $5.16 (high $5.73, low $4.51). TRMD's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $1.11B (high $1.2B, low $1B), average EBITDA is $418.98M (high $454.63M, low $378.42M), average net income is $511.54M (high $568.12M, low $447.16M), average SG&A $69.37M (high $75.28M, low $62.66M), and average EPS is $5.31 (high $5.89, low $4.64).
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 $352.49M by 109.19%. The company's net income was $562.75M, missing the average estimation of $606.42M by -7.20%. 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 $105.8M by 91.49%. 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%