ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Stock Has Average Target Price of $21.50

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM – Get Free Report) has been assigned an average recommendation of “Hold” from the eight ratings firms that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, six have given a hold recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $21.50.

ZIM has been the topic of a number of research analyst reports. Weiss Ratings reissued a “hold (c-)” rating on shares of ZIM Integrated Shipping Services in a report on Wednesday, September 2nd. Barclays set a $30.00 target price on ZIM Integrated Shipping Services and gave the stock an “equal weight” rating in a research note on Monday, September 14th. JPMorgan Chase & Co. lifted their price target on ZIM Integrated Shipping Services from $9.00 to $16.50 and gave the stock an “underweight” rating in a research report on Tuesday, June 30th. Finally, Zacks Research downgraded ZIM Integrated Shipping Services from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 31st.

Get Our Latest Stock Analysis on ZIM

Insider Transactions at ZIM Integrated Shipping Services

In related news, CEO Eli Glickman sold 254,221 shares of ZIM Integrated Shipping Services stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $28.22, for a total transaction of $7,174,116.62. Following the completion of the sale, the chief executive officer owned 233,473 shares of the company’s stock, valued at $6,588,608.06. The trade was a 52.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Assaf Tiran sold 4,727 shares of the company’s stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $29.51, for a total value of $139,493.77. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 320,122 shares of company stock valued at $9,114,905. 1.30% of the stock is owned by company insiders.

Institutional Trading of ZIM Integrated Shipping Services

Institutional investors and hedge funds have recently bought and sold shares of the business. State Street Corp boosted its holdings in shares of ZIM Integrated Shipping Services by 2.9% in the 2nd quarter. State Street Corp now owns 1,485,508 shares of the company’s stock valued at $38,623,000 after acquiring an additional 41,735 shares during the last quarter. WINTON GROUP Ltd purchased a new position in shares of ZIM Integrated Shipping Services during the second quarter worth $679,000. Cidel Asset Management Inc. raised its holdings in shares of ZIM Integrated Shipping Services by 7.1% during the second quarter. Cidel Asset Management Inc. now owns 13,271 shares of the company’s stock worth $345,000 after purchasing an additional 883 shares during the last quarter. Integrated Wealth Concepts LLC lifted its position in ZIM Integrated Shipping Services by 9.2% during the second quarter. Integrated Wealth Concepts LLC now owns 17,507 shares of the company’s stock valued at $455,000 after purchasing an additional 1,468 shares during the period. Finally, Amundi lifted its position in ZIM Integrated Shipping Services by 5.3% during the second quarter. Amundi now owns 12,213 shares of the company’s stock valued at $318,000 after purchasing an additional 612 shares during the period. 21.42% of the stock is currently owned by institutional investors and hedge funds.

ZIM Integrated Shipping Services Stock Up 1.4%

ZIM stock opened at $29.74 on Tuesday. The firm has a 50 day moving average of $27.83 and a 200 day moving average of $26.41. The stock has a market capitalization of $3.58 billion, a PE ratio of 25.86 and a beta of 1.22. The company has a quick ratio of 1.15, a current ratio of 1.24 and a debt-to-equity ratio of 1.09. ZIM Integrated Shipping Services has a 52 week low of $12.33 and a 52 week high of $30.96.

ZIM Integrated Shipping Services (NYSE:ZIM – Get Free Report) last released its earnings results on Thursday, August 20th. The company reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.27). The company had revenue of $1.78 billion for the quarter, compared to analysts’ expectations of $1.79 billion. ZIM Integrated Shipping Services had a return on equity of 1.11% and a net margin of 2.15%. Sell-side analysts forecast that ZIM Integrated Shipping Services will post 3.15 earnings per share for the current year.

About ZIM Integrated Shipping Services

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ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) is a global container liner company headquartered in Haifa, Israel. Founded in 1945, ZIM provides maritime transportation services for importers, exporters, manufacturers and other businesses that move goods internationally.

The company operates a network of container shipping routes connecting major trade lanes and ports across Asia, Europe, the Mediterranean, North America, Latin America and other regions. Its services include the transportation of dry and refrigerated containers, specialized cargo, and vehicles, supported by cargo handling, documentation and related logistics services.

ZIM also offers digital tools and logistics solutions designed to help customers manage shipments, track cargo and coordinate international supply chains.

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Analyst Recommendations for ZIM Integrated Shipping Services (NYSE:ZIM)

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