ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Stock Now Rated “Hold” by Wall Street Analysts

Shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) have been assigned an average recommendation of “Hold” from the eight ratings firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and two have given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $22.42.

A number of equities research analysts have recently issued reports on ZIM shares. Zacks Research raised shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 13th. Weiss Ratings raised ZIM Integrated Shipping Services from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 8th. Wall Street Zen upgraded ZIM Integrated Shipping Services to a “strong-buy” rating in a research report on Saturday. 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. Finally, JPMorgan Chase & Co. boosted their target price on shares of ZIM Integrated Shipping Services from $16.50 to $22.00 and gave the company an “underweight” rating in a research report on Monday, October 12th.

ZIM Integrated Shipping Services Price Performance

Shares of NYSE ZIM opened at $29.33 on Friday. The firm has a market cap of $3.54 billion, a PE ratio of 25.51 and a beta of 1.22. The company has a current ratio of 1.24, a quick ratio of 1.15 and a debt-to-equity ratio of 1.09. ZIM Integrated Shipping Services has a 1-year low of $13.56 and a 1-year high of $30.98. The company has a fifty day moving average price of $29.08 and a 200 day moving average price of $26.77.

ZIM Integrated Shipping Services (NYSE:ZIM) last released its quarterly earnings results on Thursday, August 20th. The company reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.16). ZIM Integrated Shipping Services had a return on equity of 1.11% and a net margin of 2.15%. The firm had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.79 billion. Research analysts predict that ZIM Integrated Shipping Services will post 8.86 earnings per share for the current fiscal year.

Insider Activity at ZIM Integrated Shipping Services

In other news, EVP Sami Jubran sold 3,020 shares of ZIM Integrated Shipping Services stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $29.91, for a total value of $90,328.20. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Assaf Tiran sold 4,727 shares of the firm’s stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $29.51, for a total transaction of $139,493.77. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 320,122 shares of company stock worth $9,114,905 in the last 90 days. Corporate insiders own 1.30% of the company’s stock.

Institutional Trading of ZIM Integrated Shipping Services

Hedge funds and other institutional investors have recently modified their holdings of the stock. Sigma Planning Corp increased its holdings 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 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 valued at $594,000 after acquiring an additional 497 shares during the last quarter. Amundi boosted its holdings in shares of ZIM Integrated Shipping Services by 5.3% during the 2nd quarter. Amundi now owns 12,213 shares of the company’s stock valued at $318,000 after acquiring an additional 612 shares in the last quarter. Cidel Asset Management Inc. boosted its holdings in shares of ZIM Integrated Shipping Services by 7.1% during the 2nd quarter. Cidel Asset Management Inc. now owns 13,271 shares of the company’s stock valued at $345,000 after acquiring an additional 883 shares in the last quarter. Finally, Van ECK Associates Corp boosted its holdings in shares of ZIM Integrated Shipping Services by 1.9% during the 2nd quarter. Van ECK Associates Corp now owns 50,729 shares of the company’s stock valued at $1,319,000 after acquiring an additional 927 shares in the last quarter. Institutional investors own 21.42% of the company’s stock.

ZIM Integrated Shipping Services Company Profile

ZIM Integrated Shipping Services Ltd. is an Israel-based container shipping company that provides international transportation and logistics services. The company transports a broad range of cargo, including general, refrigerated, hazardous and oversized goods, using container vessels and related intermodal transportation solutions.

ZIM operates shipping services across major global trade routes, connecting markets in Asia, Europe, the Mediterranean, North and South America, Africa and other regions.