ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Receives $17.83 Consensus Target Price from Brokerages

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) has received a consensus rating of “Hold” from the seven ratings firms that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $17.8333.

ZIM has been the topic of a number of research reports. Barclays boosted their target price on shares of ZIM Integrated Shipping Services from $13.70 to $15.80 and gave the stock an “underweight” rating in a report on Monday, March 16th. Weiss Ratings restated a “hold (c-)” rating on shares of ZIM Integrated Shipping Services in a report on Friday, June 5th.

Insider Buying and Selling at ZIM Integrated Shipping Services

In other news, EVP Saar Dotan sold 11,000 shares of the business’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $26.11, for a total value of $287,210.00. Following 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 position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In the last 90 days, insiders have sold 61,000 shares of company stock valued at $1,537,310. Insiders own 1.30% of the company’s stock.

Institutional Trading of ZIM Integrated Shipping Services

A number of large investors have recently made changes to their positions in the business. Pictet Asset Management Holding SA increased its holdings in shares of ZIM Integrated Shipping Services by 2.3% in the 1st quarter. Pictet Asset Management Holding SA now owns 22,528 shares of the company’s stock worth $594,000 after buying an additional 497 shares during the last quarter. Lazard Asset Management LLC raised its position in ZIM Integrated Shipping Services by 4.7% in the 3rd quarter. Lazard Asset Management LLC now owns 14,308 shares of the company’s stock worth $194,000 after purchasing an additional 638 shares during the period. Kestra Private Wealth Services LLC raised its position in ZIM Integrated Shipping Services by 2.9% in the 4th quarter. Kestra Private Wealth Services LLC now owns 24,219 shares of the company’s stock worth $514,000 after purchasing an additional 689 shares during the period. HUB Investment Partners LLC raised its position in ZIM Integrated Shipping Services by 6.4% in the 2nd quarter. HUB Investment Partners LLC now owns 11,920 shares of the company’s stock worth $192,000 after purchasing an additional 722 shares during the period. Finally, Public Employees Retirement System of Ohio raised its position in ZIM Integrated Shipping Services by 0.8% in the 1st quarter. Public Employees Retirement System of Ohio now owns 129,800 shares of the company’s stock worth $3,420,000 after purchasing an additional 1,000 shares during the period. 21.42% of the stock is currently owned by institutional investors.

ZIM Integrated Shipping Services Stock Performance

Shares of NYSE ZIM opened at $25.83 on Friday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.09 and a current ratio of 1.19. The company has a market cap of $3.11 billion, a P/E ratio of 31.89 and a beta of 1.20. The firm’s fifty day moving average is $25.65 and its two-hundred day moving average is $24.61. ZIM Integrated Shipping Services has a 52-week low of $12.33 and a 52-week high of $29.97.

ZIM Integrated Shipping Services (NYSE:ZIM) last announced its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $1.48 billion. ZIM Integrated Shipping Services had a net margin of 1.56% and a negative return on equity of 0.26%. As a group, analysts anticipate that ZIM Integrated Shipping Services will post -7.24 EPS for the current fiscal 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.