ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Receives Average Rating of “Hold” from Brokerages

Shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) have been assigned a consensus recommendation of “Hold” from the seven analysts that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $17.8333.

A number of research analysts have issued reports on the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of ZIM Integrated Shipping Services in a research note on Friday, June 5th. Barclays lifted their price objective on ZIM Integrated Shipping Services from $13.70 to $15.80 and gave the company an “underweight” rating in a research note on Monday, March 16th.

ZIM Integrated Shipping Services Trading Up 0.3%

ZIM opened at $24.42 on Friday. The business has a 50 day moving average of $25.72 and a 200-day moving average of $24.42. The stock has a market cap of $2.94 billion, a PE ratio of 30.15 and a beta of 1.20. ZIM Integrated Shipping Services has a 52 week low of $12.33 and a 52 week high of $29.97. The company has a quick ratio of 1.09, a current ratio of 1.19 and a debt-to-equity ratio of 1.14.

ZIM Integrated Shipping Services (NYSE:ZIM) last announced its quarterly earnings data on Thursday, May 21st. The company reported ($0.72) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.50). The company had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.48 billion. ZIM Integrated Shipping Services had a net margin of 1.56% and a negative return on equity of 0.26%. Equities research analysts predict that ZIM Integrated Shipping Services will post -7.24 earnings per share for the current fiscal year.

Insider Transactions at ZIM Integrated Shipping Services

In other ZIM Integrated Shipping Services news, EVP Saar Dotan sold 20,000 shares of ZIM Integrated Shipping Services stock in a transaction on Monday, June 1st. The stock was sold at an average price of $24.63, for a total transaction of $492,600.00. Following the completion of the transaction, the executive vice president owned 131,667 shares in the company, 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold a total of 61,000 shares of company stock worth $1,537,310 in the last three months. 1.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Clal Insurance Enterprises Holdings Ltd bought a new stake in shares of ZIM Integrated Shipping Services in the 4th quarter worth $89,845,000. Y.D. More Investments Ltd increased its holdings in shares of ZIM Integrated Shipping Services by 378,174.5% in the 4th quarter. Y.D. More Investments Ltd now owns 3,782,745 shares of the company’s stock worth $80,308,000 after purchasing an additional 3,781,745 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in shares of ZIM Integrated Shipping Services by 29,305.7% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,310,614 shares of the company’s stock worth $21,088,000 after purchasing an additional 1,306,157 shares in the last quarter. Oddo BHF Asset Management Sas bought a new stake in shares of ZIM Integrated Shipping Services in the 1st quarter worth $30,302,000. Finally, Yelin Lapidot Holdings Management Ltd. increased its holdings in shares of ZIM Integrated Shipping Services by 34.1% in the 4th quarter. Yelin Lapidot Holdings Management Ltd. now owns 3,248,834 shares of the company’s stock worth $68,973,000 after purchasing an additional 825,848 shares in the last quarter. 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.