ZIM Integrated Shipping Services (NYSE:ZIM) Sets New 12-Month High at $60.80

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $60.80 and last traded at $60.06, with a volume of 107969 shares changing hands. The stock had previously closed at $57.12.

ZIM has been the subject of a number of recent analyst reports. Jefferies Financial Group raised their price target on shares of ZIM Integrated Shipping Services from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, August 18th. Zacks Investment Research raised shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating and set a $53.00 price target for the company in a research report on Tuesday, August 24th. began coverage on shares of ZIM Integrated Shipping Services in a research report on Wednesday, June 16th. They set a “buy” rating for the company. Citigroup raised their price objective on ZIM Integrated Shipping Services from $60.00 to $74.00 and gave the stock a “buy” rating in a research note on Friday, August 20th. Finally, Barclays raised their price objective on ZIM Integrated Shipping Services from $40.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 24th. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $57.00.

The company has a quick ratio of 1.15, a current ratio of 1.20 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $6.91 billion and a P/E ratio of 11.84. The business has a 50 day simple moving average of $44.94 and a 200-day simple moving average of $38.43.

ZIM Integrated Shipping Services (NYSE:ZIM) last posted its earnings results on Tuesday, August 17th. The company reported $7.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.71 by $1.68. Equities analysts forecast that ZIM Integrated Shipping Services Ltd. will post 30.78 EPS for the current fiscal year.

A number of hedge funds have recently bought and sold shares of the business. Sowell Financial Services LLC acquired a new position in shares of ZIM Integrated Shipping Services during the first quarter valued at $37,000. BlackRock Inc. acquired a new position in shares of ZIM Integrated Shipping Services during the first quarter valued at $38,000. Signaturefd LLC acquired a new position in shares of ZIM Integrated Shipping Services during the first quarter valued at $49,000. Lazard Asset Management LLC acquired a new position in shares of ZIM Integrated Shipping Services during the first quarter valued at $51,000. Finally, Alpha Paradigm Partners LLC acquired a new position in shares of ZIM Integrated Shipping Services during the second quarter valued at $104,000. Institutional investors own 38.56% of the company’s stock.

About ZIM Integrated Shipping Services (NYSE:ZIM)

ZIM Integrated Shipping Services Ltd., together with its subsidiaries, provides container shipping and related services in Israel and internationally. The company provides seaborne transportation and logistics services comprising dry, reefer, project, out of gauge, breakbulk, and dangerous cargo services; inland transport services; and ZIMonitor, a reefer cargo tracking service.

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