ZIM Integrated Shipping Services (NYSE:ZIM) Raised to Hold at Fearnley Fonds

ZIM Integrated Shipping Services (NYSE:ZIM) was upgraded by research analysts at Fearnley Fonds from a “strong sell” rating to a “hold” rating in a research note issued on Friday,Zacks.com reports.

Several other research analysts have also commented on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of ZIM Integrated Shipping Services in a report on Wednesday, October 8th. Barclays raised their target price on shares of ZIM Integrated Shipping Services from $13.30 to $13.70 and gave the stock an “underweight” rating in a report on Friday. JPMorgan Chase & Co. lowered their target price on ZIM Integrated Shipping Services from $9.70 to $8.70 and set an “underweight” rating for the company in a report on Monday, December 1st. Jefferies Financial Group raised their price target on ZIM Integrated Shipping Services from $15.00 to $20.00 and gave the stock a “hold” rating in a report on Monday, December 8th. Finally, UBS Group set a $9.70 price objective on ZIM Integrated Shipping Services in a research report on Monday, November 24th. Four analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, ZIM Integrated Shipping Services presently has an average rating of “Reduce” and an average target price of $14.15.

ZIM Integrated Shipping Services Price Performance

Shares of ZIM opened at $19.24 on Friday. ZIM Integrated Shipping Services has a 52 week low of $11.03 and a 52 week high of $23.61. The company has a current ratio of 1.30, a quick ratio of 1.22 and a debt-to-equity ratio of 1.12. The firm has a market cap of $2.32 billion, a price-to-earnings ratio of 2.31 and a beta of 1.70. The stock has a 50 day moving average of $16.78 and a 200-day moving average of $15.86.

ZIM Integrated Shipping Services (NYSE:ZIM) last announced its quarterly earnings data on Thursday, November 20th. The company reported $1.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.67 by ($0.65). The firm had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.74 billion. ZIM Integrated Shipping Services had a return on equity of 25.18% and a net margin of 13.22%. As a group, analysts forecast that ZIM Integrated Shipping Services will post 16.75 EPS for the current year.

Institutional Trading of ZIM Integrated Shipping Services

Several large investors have recently added to or reduced their stakes in ZIM. Legacy Investment Solutions LLC acquired a new position in ZIM Integrated Shipping Services during the 2nd quarter worth $26,000. Edmond DE Rothschild Holding S.A. bought a new stake in shares of ZIM Integrated Shipping Services during the second quarter valued at about $37,000. Quarry LP bought a new stake in shares of ZIM Integrated Shipping Services during the third quarter valued at about $34,000. Larson Financial Group LLC lifted its holdings in ZIM Integrated Shipping Services by 158.8% in the third quarter. Larson Financial Group LLC now owns 3,256 shares of the company’s stock worth $44,000 after purchasing an additional 1,998 shares during the period. Finally, Triumph Capital Management bought a new position in ZIM Integrated Shipping Services in the 3rd quarter valued at about $44,000. 21.42% of the stock is currently owned by institutional investors and hedge funds.

ZIM Integrated Shipping Services Company Profile

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.