ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Receives $19.33 Consensus PT from Analysts

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) has been given a consensus recommendation of “Hold” by the eight brokerages that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a strong buy rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $19.3333.

Several research firms have commented on ZIM. Zacks Research raised shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 2nd. Weiss Ratings reiterated a “hold (c-)” rating on shares of ZIM Integrated Shipping Services in a research note on Friday, June 5th. Barclays boosted their price objective on ZIM Integrated Shipping Services from $14.50 to $17.00 and gave the company an “underweight” rating in a report on Tuesday, June 30th. Finally, JPMorgan Chase & Co. upped their target price on ZIM Integrated Shipping Services from $9.00 to $16.50 and gave the stock an “underweight” rating in a research note on Tuesday, June 30th.

ZIM Integrated Shipping Services Stock Performance

Shares of NYSE ZIM opened at $28.15 on Monday. The company has a 50 day simple moving average of $25.20 and a two-hundred day simple moving average of $25.63. The stock has a market cap of $3.39 billion, a price-to-earnings ratio of 34.76 and a beta of 1.21. The company has a current ratio of 1.19, a quick ratio of 1.09 and a debt-to-equity ratio of 1.14. ZIM Integrated Shipping Services has a 12 month low of $12.33 and a 12 month high of $29.97.

ZIM Integrated Shipping Services (NYSE:ZIM) last released its quarterly earnings data 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 negative return on equity of 0.26% and a net margin of 1.56%.The business had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.48 billion. As a group, analysts predict that ZIM Integrated Shipping Services will post 3.15 earnings per share for the current year.

Insiders Place Their Bets

In other ZIM Integrated Shipping Services news, EVP Saar Dotan sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $24.63, for a total value of $492,600.00. Following the completion of the transaction, the executive vice president directly owned 131,667 shares of the company’s stock, valued at approximately $3,242,958.21. The trade was a 13.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold 61,000 shares of company stock worth $1,537,310 in the last three months. 1.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On ZIM Integrated Shipping Services

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Value Base Ltd. purchased a new stake in shares of ZIM Integrated Shipping Services during the 4th quarter worth about $1,316,000. Sagil Capital LLP acquired a new stake in shares of ZIM Integrated Shipping Services during the 4th quarter valued at about $1,486,000. Yelin Lapidot Holdings Management Ltd. increased its stake in shares of ZIM Integrated Shipping Services by 1.2% in the 2nd quarter. Yelin Lapidot Holdings Management Ltd. now owns 3,308,773 shares of the company’s stock valued at $86,028,000 after purchasing an additional 40,000 shares in the last quarter. Weiss Asset Management LP purchased a new position in shares of ZIM Integrated Shipping Services in the 1st quarter valued at about $7,283,000. Finally, PFG Investments LLC raised its holdings in ZIM Integrated Shipping Services by 132.8% in the 4th quarter. PFG Investments LLC now owns 79,791 shares of the company’s stock worth $1,694,000 after purchasing an additional 45,514 shares during the period. Institutional investors and hedge funds own 21.42% of the company’s stock.

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.