ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Given Average Rating of “Hold” by Analysts

Shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) have been assigned an average rating of “Hold” from the eight ratings firms that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a strong buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $19.3333.

ZIM has been the topic of several analyst reports. JPMorgan Chase & Co. raised their target price on ZIM Integrated Shipping Services from $9.00 to $16.50 and gave the stock an “underweight” rating in a report on Tuesday, June 30th. Zacks Research raised shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 2nd. Weiss Ratings reiterated a “hold (c-)” rating on shares of ZIM Integrated Shipping Services in a research note on Friday, June 5th. Finally, Barclays raised their price target on shares of ZIM Integrated Shipping Services from $14.50 to $17.00 and gave the company an “underweight” rating in a research report on Tuesday, June 30th.

Insider Activity at ZIM Integrated Shipping Services

In other news, EVP Saar Dotan sold 11,000 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $26.11, for a total value of $287,210.00. Following the completion of the sale, the executive vice president directly owned 90,667 shares in the company, valued at $2,367,315.37. The trade was a 10.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders sold 61,000 shares of company stock valued at $1,537,310 in the last three months. 1.30% of the stock is owned by insiders.

Institutional Investors Weigh In On ZIM Integrated Shipping Services

Institutional investors have recently added to or reduced their stakes in the stock. Arista Wealth Management LLC acquired a new position in ZIM Integrated Shipping Services during the second quarter worth $208,000. LifeGoal Investments LLC purchased a new stake in shares of ZIM Integrated Shipping Services during the second quarter worth about $261,000. NewEdge Advisors LLC purchased a new stake in shares of ZIM Integrated Shipping Services during the first quarter worth about $286,000. Oddo BHF Asset Management Sas acquired a new position in shares of ZIM Integrated Shipping Services during the 1st quarter worth about $30,302,000. Finally, Amundi purchased a new position in ZIM Integrated Shipping Services in the 1st quarter valued at about $306,000. Institutional investors and hedge funds own 21.42% of the company’s stock.

ZIM Integrated Shipping Services Trading Up 0.1%

Shares of ZIM Integrated Shipping Services stock opened at $24.31 on Thursday. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.19 and a quick ratio of 1.09. The firm has a fifty day moving average price of $25.02 and a 200 day moving average price of $25.15. ZIM Integrated Shipping Services has a 1 year low of $12.33 and a 1 year high of $29.97. The stock has a market cap of $2.93 billion, a PE ratio of 30.02 and a beta of 1.19.

ZIM Integrated Shipping Services (NYSE:ZIM) last posted its quarterly earnings results on Thursday, May 21st. The company reported ($0.72) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.50). The business had revenue of $1.40 billion during 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 3.15 earnings per share for the current year.

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.