ZIM Integrated Shipping Services (NYSE:ZIM) Shares Up 7.3% – What’s Next?

Shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) rose 7.3% during trading on Monday . The stock traded as high as $17.50 and last traded at $17.1850. Approximately 6,615,164 shares traded hands during trading, an increase of 15% from the average daily volume of 5,755,204 shares. The stock had previously closed at $16.02.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on ZIM shares. Wall Street Zen lowered shares of ZIM Integrated Shipping Services from a “hold” rating to a “sell” rating in a report on Friday, August 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of ZIM Integrated Shipping Services in a research note on Wednesday, October 8th. Citigroup reiterated a “sell” rating on shares of ZIM Integrated Shipping Services in a report on Monday, August 11th. Jefferies Financial Group reissued a “hold” rating and issued a $17.00 target price on shares of ZIM Integrated Shipping Services in a research note on Wednesday, August 20th. Finally, JPMorgan Chase & Co. increased their target price on ZIM Integrated Shipping Services from $9.80 to $10.00 and gave the company an “underweight” rating in a report on Tuesday, September 30th. Three investment analysts have rated the stock with a Hold rating and five have given a Sell rating to the company. According to MarketBeat, ZIM Integrated Shipping Services has an average rating of “Strong Sell” and a consensus price target of $14.62.

ZIM Integrated Shipping Services Stock Down 0.8%

The company has a market capitalization of $2.03 billion, a P/E ratio of 1.01 and a beta of 1.73. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.20 and a quick ratio of 1.11. The company has a 50 day moving average of $14.32 and a 200-day moving average of $15.47.

ZIM Integrated Shipping Services (NYSE:ZIM) last released its quarterly earnings data on Wednesday, August 20th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $1.50 by ($1.31). ZIM Integrated Shipping Services had a return on equity of 50.61% and a net margin of 23.37%.The business had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.84 billion. As a group, equities analysts anticipate that ZIM Integrated Shipping Services Ltd. 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 the stock. Arrowstreet Capital Limited Partnership grew its stake in ZIM Integrated Shipping Services by 134.9% in the second quarter. Arrowstreet Capital Limited Partnership now owns 4,368,287 shares of the company’s stock worth $70,286,000 after purchasing an additional 2,508,432 shares during the period. BNP Paribas Financial Markets increased its stake in ZIM Integrated Shipping Services by 29,305.7% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,310,614 shares of the company’s stock valued at $21,088,000 after purchasing an additional 1,306,157 shares in the last quarter. Yelin Lapidot Holdings Management Ltd. increased its position in shares of ZIM Integrated Shipping Services by 96.7% during the third quarter. Yelin Lapidot Holdings Management Ltd. now owns 2,422,986 shares of the company’s stock valued at $32,831,000 after acquiring an additional 1,191,480 shares in the last quarter. Jump Financial LLC raised its stake in shares of ZIM Integrated Shipping Services by 204.0% in the second quarter. Jump Financial LLC now owns 1,536,092 shares of the company’s stock worth $24,716,000 after purchasing an additional 1,030,817 shares during the last quarter. Finally, Kingstone Capital Partners Texas LLC purchased a new position in ZIM Integrated Shipping Services in the 2nd quarter worth about $15,850,000. Institutional investors own 21.42% of the company’s stock.

About ZIM Integrated Shipping Services

ZIM Integrated Shipping Services Ltd., together with its subsidiaries, provides container shipping and related services in Israel and internationally. It provides door-to-door and port-to-port transportation services for various types of customers, including end-users, consolidators, and freight forwarders.