ZIM Integrated Shipping Services Ltd. (NYSE:ZIM – Get Free Report) EVP Nissim Yochai sold 7,535 shares of the company’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $28.83, for a total value of $217,234.05. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
ZIM Integrated Shipping Services Price Performance
Shares of ZIM Integrated Shipping Services stock opened at $28.11 on Wednesday. ZIM Integrated Shipping Services Ltd. has a twelve month low of $12.33 and a twelve month high of $29.97. The stock has a market capitalization of $3.39 billion, a P/E ratio of 24.44 and a beta of 1.21. The company has a current ratio of 1.24, a quick ratio of 1.15 and a debt-to-equity ratio of 1.09. The business’s fifty day moving average price is $25.58 and its 200 day moving average price is $25.91.
ZIM Integrated Shipping Services (NYSE:ZIM – Get Free Report) last posted its quarterly earnings results on Wednesday, August 19th. The company reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.27). The firm had revenue of $1.78 billion for the quarter, compared to analysts’ expectations of $1.79 billion. ZIM Integrated Shipping Services had a net margin of 2.15% and a return on equity of 1.11%. As a group, research analysts anticipate that ZIM Integrated Shipping Services Ltd. will post 3.15 earnings per share for the current year.
Institutional Investors Weigh In On ZIM Integrated Shipping Services
Wall Street Analyst Weigh In
A number of research firms recently issued reports on ZIM. Zacks Research raised shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 2nd. Barclays lifted their price target on shares of ZIM Integrated Shipping Services from $14.50 to $17.00 and gave the company an “underweight” rating in a research report on Tuesday, June 30th. Weiss Ratings reissued a “hold (c-)” rating on shares of ZIM Integrated Shipping Services in a research report on Friday, June 5th. Finally, JPMorgan Chase & Co. raised their target price on shares of ZIM Integrated Shipping Services from $9.00 to $16.50 and gave the company an “underweight” rating in a research note on Tuesday, June 30th. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $19.33.
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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