ZIM Integrated Shipping Services (NYSE:ZIM) Stock Rating Upgraded by Wall Street Zen

by · The Cerbat Gem

ZIM Integrated Shipping Services (NYSE:ZIM – Get Free Report) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Friday.

A number of other brokerages also recently issued reports on ZIM. Jefferies Financial Group reiterated a “hold” rating and issued a $15.00 price target on shares of ZIM Integrated Shipping Services in a report on Thursday, November 20th. Barclays dropped their price objective on ZIM Integrated Shipping Services from $14.80 to $13.30 and set an “underweight” rating on the stock in a research report on Thursday, August 28th. JPMorgan Chase & Co. reduced their target price on shares of ZIM Integrated Shipping Services from $10.00 to $9.70 and set an “underweight” rating for the company in a report on Monday, November 24th. Citigroup reissued a “sell” rating on shares of ZIM Integrated Shipping Services in a research report on Monday, August 11th. Finally, UBS Group set a $9.70 price target on shares of ZIM Integrated Shipping Services in a report on Monday, November 24th. Three research analysts have rated the stock with a Hold rating and four have given a Sell rating to the company. According to MarketBeat, ZIM Integrated Shipping Services presently has an average rating of “Strong Sell” and a consensus target price of $13.42.

Read Our Latest Research Report on ZIM

ZIM Integrated Shipping Services Price Performance

NYSE:ZIM opened at $20.34 on Friday. The business’s 50-day simple moving average is $14.98 and its two-hundred day simple moving average is $15.66. ZIM Integrated Shipping Services has a 52 week low of $11.03 and a 52 week high of $23.61. The stock has a market cap of $2.45 billion, a PE ratio of 2.44 and a beta of 1.73. The company has a quick ratio of 1.22, a current ratio of 1.30 and a debt-to-equity ratio of 1.12.

ZIM Integrated Shipping Services (NYSE:ZIM – Get Free Report) last released its quarterly earnings data on Thursday, November 20th. The company reported $1.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.67 by ($0.65). The company had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.74 billion. ZIM Integrated Shipping Services had a net margin of 13.22% and a return on equity of 25.18%. As a group, analysts forecast that ZIM Integrated Shipping Services will post 16.75 EPS for the current fiscal year.

Institutional Trading of ZIM Integrated Shipping Services

Institutional investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. grew its holdings in shares of ZIM Integrated Shipping Services by 20.1% during the first quarter. Goldman Sachs Group Inc. now owns 4,720,986 shares of the company’s stock worth $68,879,000 after buying an additional 788,514 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in ZIM Integrated Shipping Services by 134.9% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 4,368,287 shares of the company’s stock valued at $70,286,000 after acquiring an additional 2,508,432 shares in the last quarter. American Century Companies Inc. raised its holdings in ZIM Integrated Shipping Services by 13.5% in the 3rd quarter. American Century Companies Inc. now owns 2,986,637 shares of the company’s stock valued at $40,469,000 after acquiring an additional 354,538 shares during the last quarter. Yelin Lapidot Holdings Management Ltd. lifted its stake in ZIM Integrated Shipping Services by 96.7% in the 3rd quarter. Yelin Lapidot Holdings Management Ltd. now owns 2,422,986 shares of the company’s stock worth $32,831,000 after purchasing an additional 1,191,480 shares in the last quarter. Finally, Allianz Asset Management GmbH lifted its stake in ZIM Integrated Shipping Services by 10.8% in the 2nd quarter. Allianz Asset Management GmbH now owns 1,546,383 shares of the company’s stock worth $24,881,000 after purchasing an additional 150,841 shares in the last quarter. 21.42% of the stock is owned by institutional investors and hedge funds.

About ZIM Integrated Shipping Services

(Get Free Report)

ZIM Integrated Shipping Services Ltd., together with its subsidiaries, provides container shipping and related services in Israel and internationally. It provides door-to-door and port-to-port transportation services for various types of customers, including end-users, consolidators, and freight forwarders.

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