Barclays Upgrades ZIM Integrated Shipping Services (NYSE:ZIM) to “Hold”

ZIM Integrated Shipping Services (NYSE:ZIM) was upgraded by Barclays from a “strong sell” rating to a “hold” rating in a research note issued to investors on Monday, Zacks reports.

A number of other brokerages have also weighed in on ZIM. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of ZIM Integrated Shipping Services in a report on Wednesday, September 2nd. JPMorgan Chase & Co. increased their target price on ZIM Integrated Shipping Services from $9.00 to $16.50 and gave the stock an “underweight” rating in a research note on Tuesday, June 30th. Finally, Zacks Research cut ZIM Integrated Shipping Services from a “strong-buy” rating to a “hold” rating in a report on Monday, August 31st. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $21.50.

ZIM Integrated Shipping Services Price Performance

Shares of NYSE ZIM opened at $29.77 on Monday. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.24 and a quick ratio of 1.15. The stock has a fifty day moving average price of $26.49 and a 200 day moving average price of $26.30. ZIM Integrated Shipping Services has a 1-year low of $12.33 and a 1-year high of $30.40. The company has a market cap of $3.59 billion, a PE ratio of 25.89 and a beta of 1.18.

ZIM Integrated Shipping Services (NYSE:ZIM) last announced its quarterly earnings data on Thursday, August 20th. The company reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.27). ZIM Integrated Shipping Services had a net margin of 2.15% and a return on equity of 1.11%. The firm had revenue of $1.78 billion during the quarter, compared to analyst estimates of $1.79 billion. Sell-side analysts forecast that ZIM Integrated Shipping Services will post 3.15 EPS for the current year.

Insider Activity at ZIM Integrated Shipping Services

In other news, EVP Xavier Destriau sold 12,084 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $28.80, for a total transaction of $348,019.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Birger Meyer-Gloeckner sold 1,531 shares of the company’s stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $28.50, for a total value of $43,633.50. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 288,851 shares of company stock worth $8,183,073. 1.30% of the stock is currently owned by company insiders.

Institutional Trading of ZIM Integrated Shipping Services

Institutional investors have recently bought and sold shares of the company. Clal Insurance Enterprises Holdings Ltd acquired a new stake in ZIM Integrated Shipping Services in the fourth quarter valued at $89,845,000. California State Teachers Retirement System raised its stake in shares of ZIM Integrated Shipping Services by 2,475.1% during the 2nd quarter. California State Teachers Retirement System now owns 3,270,800 shares of the company’s stock worth $85,041,000 after buying an additional 3,143,783 shares during the last quarter. Oddo BHF Asset Management Sas purchased a new stake in shares of ZIM Integrated Shipping Services in the 1st quarter worth about $30,302,000. Hsbc Holdings PLC purchased a new stake in shares of ZIM Integrated Shipping Services in the 1st quarter worth about $16,409,000. Finally, Meitav Investment House Ltd. grew its stake in ZIM Integrated Shipping Services by 13.7% in the 1st quarter. Meitav Investment House Ltd. now owns 3,906,396 shares of the company’s stock valued at $102,934,000 after acquiring an additional 472,092 shares during the last quarter. 21.42% of the stock is currently owned by hedge funds and other institutional investors.

ZIM Integrated Shipping Services Company Profile

ZIM Integrated Shipping Services Ltd. is a global container liner company headquartered in Haifa, Israel. The company provides ocean transportation for containerized cargo, connecting ports and commercial markets across major international trade routes.

ZIM’s services include scheduled container shipping, cargo transportation, and related logistics solutions. Its offerings support a range of cargo types, including dry goods, refrigerated products, hazardous materials, and vehicles. The company also provides digital tools and customer services designed to support booking, shipment management, documentation, and supply-chain visibility.

Founded in 1945, ZIM has developed from an Israeli shipping company into an international carrier serving customers through a network of vessels, ports, terminals, and logistics partners.