ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Stock Has Consensus Target Price of $21.50

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) has been assigned a consensus recommendation of “Hold” from the eight ratings firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $21.50.

A number of analysts have recently weighed in on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of ZIM Integrated Shipping Services in a report on Wednesday, September 2nd. Barclays set a $30.00 target price on ZIM Integrated Shipping Services and gave the stock an “equal weight” rating in a report on Monday, September 14th. JPMorgan Chase & Co. boosted their target price on ZIM Integrated Shipping Services from $9.00 to $16.50 and gave the company an “underweight” rating in a research report on Tuesday, June 30th. Finally, Zacks Research downgraded ZIM Integrated Shipping Services from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 31st.

Insider Buying and Selling

In other news, EVP Xavier Destriau sold 12,084 shares of the stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $28.80, for a total value of $348,019.20. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Saar Dotan sold 26,544 shares of the business’s stock in a transaction on Monday, September 14th. The shares were sold at an average price of $29.85, for a total value of $792,338.40. Following the transaction, the executive vice president owned 67,200 shares of the company’s stock, valued at approximately $2,005,920. The trade was a 28.32% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 320,122 shares of company stock worth $9,114,905 over the last three months. 1.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On ZIM Integrated Shipping Services

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Sigma Planning Corp grew its position in shares of ZIM Integrated Shipping Services by 3.8% during the second quarter. Sigma Planning Corp now owns 11,475 shares of the company’s stock worth $298,000 after buying an additional 425 shares in the last quarter. Pictet Asset Management Holding SA lifted its stake in ZIM Integrated Shipping Services by 2.3% during the first quarter. Pictet Asset Management Holding SA now owns 22,528 shares of the company’s stock worth $594,000 after purchasing an additional 497 shares during the last quarter. Amundi boosted its holdings in ZIM Integrated Shipping Services by 5.3% in the second quarter. Amundi now owns 12,213 shares of the company’s stock valued at $318,000 after purchasing an additional 612 shares in the last quarter. Cidel Asset Management Inc. boosted its holdings in ZIM Integrated Shipping Services by 7.1% in the second quarter. Cidel Asset Management Inc. now owns 13,271 shares of the company’s stock valued at $345,000 after purchasing an additional 883 shares in the last quarter. Finally, Van ECK Associates Corp grew its position in shares of ZIM Integrated Shipping Services by 1.9% in the 2nd quarter. Van ECK Associates Corp now owns 50,729 shares of the company’s stock valued at $1,319,000 after buying an additional 927 shares during the last quarter. Institutional investors own 21.42% of the company’s stock.

ZIM Integrated Shipping Services Stock Performance

ZIM opened at $29.67 on Tuesday. The stock has a market capitalization of $3.58 billion, a price-to-earnings ratio of 25.80 and a beta of 1.22. The company has a fifty day moving average of $27.93 and a 200 day moving average of $26.44. ZIM Integrated Shipping Services has a fifty-two week low of $12.33 and a fifty-two week high of $30.96. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.15 and a current ratio of 1.24.

ZIM Integrated Shipping Services (NYSE:ZIM) last issued its earnings results 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). The firm had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.79 billion. ZIM Integrated Shipping Services had a return on equity of 1.11% and a net margin of 2.15%. As a group, sell-side analysts forecast that ZIM Integrated Shipping Services will post 3.15 earnings per share for the current fiscal year.

About ZIM Integrated Shipping Services

ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) is a global container liner company headquartered in Haifa, Israel. Founded in 1945, ZIM provides maritime transportation services for importers, exporters, manufacturers and other businesses that move goods internationally.

The company operates a network of container shipping routes connecting major trade lanes and ports across Asia, Europe, the Mediterranean, North America, Latin America and other regions. Its services include the transportation of dry and refrigerated containers, specialized cargo, and vehicles, supported by cargo handling, documentation and related logistics services.

ZIM also offers digital tools and logistics solutions designed to help customers manage shipments, track cargo and coordinate international supply chains.