Analysts Set ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Price Target at $15.13

Shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) have been assigned an average rating of “Hold” from the nine brokerages that are covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation, one has assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $17.2125.

ZIM has been the subject of several analyst reports. Fearnley Fonds raised ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. UBS Group set a $9.70 price target on ZIM Integrated Shipping Services in a research report on Monday, November 24th. Jefferies Financial Group lifted their price objective on shares of ZIM Integrated Shipping Services from $15.00 to $20.00 and gave the stock a “hold” rating in a report on Monday, December 8th. Wall Street Zen upgraded shares of ZIM Integrated Shipping Services from a “sell” rating to a “hold” rating in a research note on Friday, November 28th. Finally, Barclays raised their price target on shares of ZIM Integrated Shipping Services from $13.30 to $13.70 and gave the company an “underweight” rating in a research report on Friday, December 19th.

Institutional Investors Weigh In On ZIM Integrated Shipping Services

Large investors have recently modified their holdings of the stock. Hoey Investments Inc. bought a new stake in shares of ZIM Integrated Shipping Services in the fourth quarter valued at approximately $25,000. Lodestone Wealth Management LLC bought a new stake in ZIM Integrated Shipping Services during the 4th quarter valued at $29,000. Legacy Investment Solutions LLC bought a new stake in ZIM Integrated Shipping Services during the 2nd quarter valued at $26,000. Huntington National Bank lifted its position in shares of ZIM Integrated Shipping Services by 200,000.0% during the fourth quarter. Huntington National Bank now owns 2,001 shares of the company’s stock worth $42,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. bought a new position in shares of ZIM Integrated Shipping Services in the second quarter worth $37,000. Hedge funds and other institutional investors own 21.42% of the company’s stock.

ZIM Integrated Shipping Services Stock Performance

Shares of ZIM opened at $29.31 on Monday. The company has a current ratio of 1.30, a quick ratio of 1.22 and a debt-to-equity ratio of 1.12. The firm’s fifty day simple moving average is $22.12 and its two-hundred day simple moving average is $17.75. ZIM Integrated Shipping Services has a 12 month low of $11.03 and a 12 month high of $29.97. The stock has a market capitalization of $3.53 billion, a P/E ratio of 3.52 and a beta of 1.70.

ZIM Integrated Shipping Services (NYSE:ZIM) last released its earnings results on Thursday, November 20th. The company reported $1.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.67 by ($0.65). ZIM Integrated Shipping Services had a net margin of 13.22% and a return on equity of 25.18%. The company had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.74 billion. As a group, analysts predict that ZIM Integrated Shipping Services will post 16.75 EPS for the current year.

ZIM Integrated Shipping Services Company Profile

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.