ZIM Integrated Shipping Services (NYSE:ZIM) Rating Increased to Hold at Wall Street Zen

ZIM Integrated Shipping Services (NYSE:ZIM) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.

A number of other research analysts have also commented on ZIM. Barclays dropped their price objective on shares of ZIM Integrated Shipping Services from $14.80 to $13.30 and set an “underweight” rating on the stock in a research note on Thursday, August 28th. JPMorgan Chase & Co. lowered their price target on ZIM Integrated Shipping Services from $10.00 to $9.70 and set an “underweight” rating on the stock in a report on Monday, November 24th. Citigroup restated a “sell” rating on shares of ZIM Integrated Shipping Services in a research report on Monday, August 11th. Jefferies Financial Group reaffirmed a “hold” rating and set a $15.00 price objective on shares of ZIM Integrated Shipping Services in a research report on Thursday, November 20th. Finally, UBS Group set a $9.70 target price on ZIM Integrated Shipping Services in a research note on Monday. Three analysts have rated the stock with a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Strong Sell” and a consensus price target of $13.42.

ZIM Integrated Shipping Services Trading Up 3.2%

ZIM opened at $20.34 on Friday. 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 has a 52 week low of $11.03 and a 52 week high of $23.61. The business’s 50 day moving average is $14.98 and its two-hundred day moving average is $15.67. The firm has a market cap of $2.45 billion, a price-to-earnings ratio of 2.44 and a beta of 1.73.

ZIM Integrated Shipping Services (NYSE:ZIM) last announced its earnings results on Thursday, November 20th. The company reported $1.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.67 by ($0.65). The business had revenue of $1.78 billion for the quarter, compared to analysts’ expectations of $1.74 billion. ZIM Integrated Shipping Services had a return on equity of 25.18% and a net margin of 13.22%. On average, research analysts predict that ZIM Integrated Shipping Services will post 16.75 EPS for the current year.

Institutional Trading of ZIM Integrated Shipping Services

A number of institutional investors have recently modified their holdings of the business. Goldman Sachs Group Inc. grew its holdings in 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 acquiring an additional 788,514 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in shares of 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 worth $70,286,000 after purchasing an additional 2,508,432 shares in the last quarter. American Century Companies Inc. boosted its position in shares of ZIM Integrated Shipping Services by 13.5% during the 3rd quarter. American Century Companies Inc. now owns 2,986,637 shares of the company’s stock worth $40,469,000 after purchasing an additional 354,538 shares in the last quarter. Yelin Lapidot Holdings Management Ltd. grew its stake in shares of ZIM Integrated Shipping Services by 96.7% during 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 during the period. Finally, Allianz Asset Management GmbH grew its stake in shares of ZIM Integrated Shipping Services by 10.8% during 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 during the period. 21.42% of the stock is currently owned by hedge funds and other institutional investors.

About ZIM Integrated Shipping Services

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.