Shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM – Get Free Report) have been assigned a consensus rating of “Hold” from the eight ratings firms that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a strong buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $19.3333.
A number of equities analysts recently weighed in on ZIM shares. JPMorgan Chase & Co. raised their price objective on ZIM Integrated Shipping Services from $9.00 to $16.50 and gave the company an “underweight” rating in a report on Tuesday, June 30th. Barclays upped their target price on ZIM Integrated Shipping Services from $14.50 to $17.00 and gave the stock an “underweight” rating in a research note on Tuesday, June 30th. Weiss Ratings reiterated a “hold (c-)” rating on shares of ZIM Integrated Shipping Services in a research report on Friday, June 5th. Finally, Zacks Research raised shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 2nd.
View Our Latest Stock Report on ZIM
Insider Activity at ZIM Integrated Shipping Services
Institutional Trading of ZIM Integrated Shipping Services
Several institutional investors have recently added to or reduced their stakes in ZIM. Royal Bank of Canada increased its holdings in shares of ZIM Integrated Shipping Services by 8.2% in the first quarter. Royal Bank of Canada now owns 40,827 shares of the company’s stock worth $596,000 after buying an additional 3,102 shares during the period. NewEdge Advisors LLC purchased a new stake in ZIM Integrated Shipping Services during the 1st quarter valued at about $210,000. Goldman Sachs Group Inc. grew its position in ZIM Integrated Shipping Services by 20.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,720,986 shares of the company’s stock worth $68,879,000 after acquiring an additional 788,514 shares during the last quarter. Geode Capital Management LLC grew its position in ZIM Integrated Shipping Services by 5.6% during the 2nd quarter. Geode Capital Management LLC now owns 119,218 shares of the company’s stock worth $1,915,000 after acquiring an additional 6,342 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its stake in ZIM Integrated Shipping Services by 505.1% in the 2nd quarter. Russell Investments Group Ltd. now owns 76,738 shares of the company’s stock worth $1,236,000 after purchasing an additional 64,057 shares during the period. 21.42% of the stock is currently owned by hedge funds and other institutional investors.
ZIM Integrated Shipping Services Stock Up 1.6%
Shares of NYSE:ZIM opened at $24.79 on Thursday. ZIM Integrated Shipping Services has a 52-week low of $12.33 and a 52-week high of $29.97. The firm has a fifty day moving average of $25.14 and a 200 day moving average of $25.08. The firm has a market capitalization of $2.99 billion, a PE ratio of 30.60 and a beta of 1.19. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.09 and a current ratio of 1.19.
ZIM Integrated Shipping Services (NYSE:ZIM – Get Free Report) last released its quarterly earnings results on Thursday, May 21st. The company reported ($0.72) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.50). ZIM Integrated Shipping Services had a net margin of 1.56% and a negative return on equity of 0.26%. The firm had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.48 billion. As a group, research analysts anticipate that ZIM Integrated Shipping Services will post 3.15 EPS for the current fiscal year.
ZIM Integrated Shipping Services Company Profile
ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) is a global container shipping company specializing in the transportation of dry cargo, refrigerated goods and special project cargo. The company operates a modern fleet of container vessels that call at major ports worldwide, offering scheduled liner services and tailored logistics solutions to exporters, importers and freight forwarders.
Founded in 1945 in Haifa, Israel, ZIM has grown from a regional carrier into a worldwide operator through a series of strategic partnerships, fleet expansions and network enhancements.
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