ZIM Integrated Shipping Services (NYSE:ZIM) Upgraded at Fearnley Fonds

Fearnley Fonds upgraded shares of ZIM Integrated Shipping Services (NYSE:ZIM) from a hold rating to a strong-buy rating in a report issued on Wednesday morning,Zacks.com reports.

A number of other equities analysts also recently commented on ZIM. UBS Group set a $9.70 target price on shares of ZIM Integrated Shipping Services in a research note on Monday, November 24th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $21.00 price target on shares of ZIM Integrated Shipping Services in a report on Wednesday, January 14th. JPMorgan Chase & Co. reduced their price objective on ZIM Integrated Shipping Services from $9.70 to $8.70 and set an “underweight” rating on the stock in a report on Monday, December 1st. Wall Street Zen raised ZIM Integrated Shipping Services from a “sell” rating to a “hold” rating in a research report on Friday, November 28th. Finally, Citigroup raised ZIM Integrated Shipping Services from a “sell” rating to a “neutral” rating and increased their price target for the stock from $11.50 to $31.80 in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $17.21.

ZIM Integrated Shipping Services Price Performance

Shares of ZIM Integrated Shipping Services stock opened at $29.31 on Wednesday. The firm has a market cap of $3.53 billion, a PE ratio of 3.52 and a beta of 1.70. The stock has a 50 day moving average of $22.12 and a 200 day moving average of $17.75. The company has a current ratio of 1.30, a quick ratio of 1.22 and a debt-to-equity ratio of 1.12. ZIM Integrated Shipping Services has a 12 month low of $11.03 and a 12 month high of $29.97.

ZIM Integrated Shipping Services (NYSE:ZIM) last released its quarterly 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). ZIM Integrated Shipping Services had a net margin of 13.22% and a return on equity of 25.18%. The business had revenue of $1.78 billion for the quarter, compared to analysts’ expectations of $1.74 billion. On average, research analysts expect that ZIM Integrated Shipping Services will post 16.75 EPS for the current fiscal year.

Hedge Funds Weigh In On ZIM Integrated Shipping Services

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ZIM. Yelin Lapidot Holdings Management Ltd. increased its holdings 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 valued at $32,831,000 after purchasing an additional 1,191,480 shares in the last quarter. VestGen Advisors LLC acquired a new stake in ZIM Integrated Shipping Services during the second quarter valued at $2,075,000. Global Retirement Partners LLC purchased a new position in ZIM Integrated Shipping Services in the second quarter valued at $570,000. Leuthold Group LLC purchased a new position in ZIM Integrated Shipping Services in the second quarter valued at $205,000. Finally, Y Intercept Hong Kong Ltd raised its position in shares of ZIM Integrated Shipping Services by 262.3% in the second quarter. Y Intercept Hong Kong Ltd now owns 328,041 shares of the company’s stock worth $5,278,000 after acquiring an additional 237,506 shares during the period. Hedge funds and other institutional investors own 21.42% of the company’s stock.

About ZIM Integrated Shipping Services

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.