ZIM Integrated Shipping Services (NYSE:ZIM) Trading 6.9% Higher – What’s Next?

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)’s share price traded up 6.9% on Thursday . The stock traded as high as $20.65 and last traded at $20.23. 5,926,192 shares changed hands during trading, an increase of 12% from the average session volume of 5,303,732 shares. The stock had previously closed at $18.92.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Jefferies Financial Group dropped their price target on ZIM Integrated Shipping Services from $28.00 to $22.00 and set a “hold” rating for the company in a research report on Tuesday, December 17th. Clarkson Capital raised ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 22nd. Barclays lowered their price objective on ZIM Integrated Shipping Services from $16.50 to $16.00 and set an “underweight” rating for the company in a research report on Friday, January 10th. JPMorgan Chase & Co. lowered their price objective on ZIM Integrated Shipping Services from $10.00 to $9.50 and set an “underweight” rating for the company in a research report on Friday. Finally, Fearnley Fonds downgraded ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 21st. Five equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $14.84.

ZIM Integrated Shipping Services Stock Up 4.8 %

The stock has a market cap of $2.49 billion, a price-to-earnings ratio of 1.74, a PEG ratio of 0.27 and a beta of 1.70. The company has a quick ratio of 1.26, a current ratio of 1.33 and a debt-to-equity ratio of 1.11. The stock has a fifty day moving average of $19.39 and a two-hundred day moving average of $20.65.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Altshuler Shaham Ltd lifted its stake in shares of ZIM Integrated Shipping Services by 650.0% during the fourth quarter. Altshuler Shaham Ltd now owns 1,500 shares of the company’s stock worth $32,000 after purchasing an additional 1,300 shares in the last quarter. Employees Retirement System of Texas acquired a new position in shares of ZIM Integrated Shipping Services during the fourth quarter worth about $45,000. Sunbelt Securities Inc. acquired a new position in shares of ZIM Integrated Shipping Services during the third quarter worth about $71,000. Farther Finance Advisors LLC lifted its stake in shares of ZIM Integrated Shipping Services by 467.6% during the third quarter. Farther Finance Advisors LLC now owns 2,974 shares of the company’s stock worth $76,000 after purchasing an additional 2,450 shares in the last quarter. Finally, Brown Brothers Harriman & Co. acquired a new position in shares of ZIM Integrated Shipping Services during the fourth quarter worth about $79,000. Institutional investors and hedge funds own 21.42% of the company’s stock.

ZIM Integrated Shipping Services Company Profile

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.