ZIM Integrated Shipping Services Ltd. (NYSE:ZIM – Get Free Report) has received a consensus recommendation of “Hold” from the eight ratings firms that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a strong buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $19.3333.
A number of research analysts have issued reports on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of ZIM Integrated Shipping Services in a research note on Friday, June 5th. Barclays lifted their price objective on shares of 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. JPMorgan Chase & Co. upped their target price on ZIM Integrated Shipping Services from $9.00 to $16.50 and gave the company an “underweight” rating in a research report on Tuesday, June 30th. Finally, Zacks Research upgraded ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 2nd.
Read Our Latest Analysis on ZIM
ZIM Integrated Shipping Services Price Performance
ZIM Integrated Shipping Services (NYSE:ZIM – Get Free Report) last announced its quarterly earnings data on Thursday, May 21st. The company reported ($0.72) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.50). The company had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.48 billion. ZIM Integrated Shipping Services had a net margin of 1.56% and a negative return on equity of 0.26%. As a group, equities analysts forecast that ZIM Integrated Shipping Services will post 3.15 earnings per share for the current fiscal year.
Insider Buying and Selling at ZIM Integrated Shipping Services
In related news, EVP Saar Dotan sold 11,000 shares of the firm’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $26.11, for a total transaction of $287,210.00. Following the completion of the transaction, the executive vice president owned 90,667 shares of the company’s stock, valued at $2,367,315.37. This trade represents a 10.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold a total of 61,000 shares of company stock valued at $1,537,310 in the last quarter. 1.30% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On ZIM Integrated Shipping Services
Several hedge funds have recently added to or reduced their stakes in ZIM. Hoey Investments Inc. acquired a new stake in ZIM Integrated Shipping Services during the 4th quarter worth about $25,000. Quarry LP acquired a new stake in ZIM Integrated Shipping Services during the third quarter worth about $34,000. Huntington National Bank grew its holdings in ZIM Integrated Shipping Services by 200,000.0% during the fourth quarter. Huntington National Bank now owns 2,001 shares of the company’s stock worth $42,000 after acquiring an additional 2,000 shares during the period. Larson Financial Group LLC raised its position in ZIM Integrated Shipping Services by 158.8% during the third quarter. Larson Financial Group LLC now owns 3,256 shares of the company’s stock valued at $44,000 after acquiring an additional 1,998 shares in the last quarter. Finally, Triumph Capital Management purchased a new position in ZIM Integrated Shipping Services during the third quarter valued at approximately $44,000. 21.42% of the stock is owned by hedge funds and other institutional investors.
About ZIM Integrated Shipping Services
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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