ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Given Average Recommendation of “Reduce” by Brokerages

Shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) have earned a consensus rating of “Reduce” from the four brokerages that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and one has issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $10.51.

Several analysts have recently commented on the company. Bank of America decreased their price objective on ZIM Integrated Shipping Services from $11.00 to $7.80 and set an “underperform” rating for the company in a report on Tuesday, March 19th. JPMorgan Chase & Co. decreased their price target on ZIM Integrated Shipping Services from $9.30 to $9.25 and set a “neutral” rating for the company in a research note on Friday, March 22nd. Finally, Jefferies Financial Group restated a “buy” rating and set a $20.00 price target on shares of ZIM Integrated Shipping Services in a research note on Wednesday, March 13th.

ZIM Integrated Shipping Services Stock Performance

ZIM stock opened at $10.09 on Friday. ZIM Integrated Shipping Services has a one year low of $6.39 and a one year high of $21.89. The firm has a market cap of $1.21 billion, a price-to-earnings ratio of -0.45 and a beta of 1.84. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.95 and a current ratio of 1.02. The firm has a 50-day simple moving average of $11.18 and a two-hundred day simple moving average of $10.30.

ZIM Integrated Shipping Services (NYSE:ZIM) last posted its earnings results on Wednesday, March 13th. The company reported ($1.23) EPS for the quarter, beating analysts’ consensus estimates of ($1.33) by $0.10. The company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.23 billion. ZIM Integrated Shipping Services had a negative net margin of 52.22% and a negative return on equity of 16.29%. On average, equities analysts forecast that ZIM Integrated Shipping Services will post 0.33 EPS for the current fiscal year.

Institutional Trading of ZIM Integrated Shipping Services

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. International Assets Investment Management LLC raised its stake in shares of ZIM Integrated Shipping Services by 29.5% in the first quarter. International Assets Investment Management LLC now owns 22,800 shares of the company’s stock worth $243,000 after purchasing an additional 5,200 shares during the last quarter. Napatree Capital LLC purchased a new position in ZIM Integrated Shipping Services during the 4th quarter worth approximately $281,000. Wellington Management Group LLP acquired a new stake in ZIM Integrated Shipping Services during the 4th quarter valued at approximately $887,000. Scarborough Advisors LLC purchased a new stake in shares of ZIM Integrated Shipping Services in the 4th quarter valued at $58,000. Finally, GSA Capital Partners LLP increased its stake in shares of ZIM Integrated Shipping Services by 431.9% in the fourth quarter. GSA Capital Partners LLP now owns 77,450 shares of the company’s stock worth $764,000 after acquiring an additional 62,888 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., 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.