ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Receives Consensus Rating of “Hold” from Analysts

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) has received a consensus recommendation of “Hold” from the eight ratings firms that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a strong buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $19.3333.

ZIM has been the topic of a number of research analyst reports. Barclays increased their price objective on shares of ZIM Integrated Shipping Services from $14.50 to $17.00 and gave the stock an “underweight” rating in a report on Tuesday, June 30th. Zacks Research upgraded shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 2nd. Weiss Ratings reissued a “hold (c-)” rating on shares of ZIM Integrated Shipping Services in a research note on Friday, June 5th. Finally, JPMorgan Chase & Co. raised their price target on shares of ZIM Integrated Shipping Services from $9.00 to $16.50 and gave the company an “underweight” rating in a report on Tuesday, June 30th.

ZIM Integrated Shipping Services Price Performance

Shares of ZIM stock opened at $28.15 on Monday. The firm has a market cap of $3.39 billion, a price-to-earnings ratio of 34.76 and a beta of 1.21. The stock’s fifty day simple moving average is $25.20 and its 200 day simple moving average is $25.61. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.19 and a quick ratio of 1.09. ZIM Integrated Shipping Services has a one year low of $12.33 and a one year high of $29.97.

ZIM Integrated Shipping Services (NYSE:ZIM) last released its quarterly earnings results on Thursday, May 21st. The company reported ($0.72) EPS for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.50). The business had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.48 billion. ZIM Integrated Shipping Services had a negative return on equity of 0.26% and a net margin of 1.56%. On average, analysts expect that ZIM Integrated Shipping Services will post 3.15 earnings per share for the current fiscal year.

Insider Buying and Selling at ZIM Integrated Shipping Services

In other news, EVP Saar Dotan sold 11,000 shares of the company’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $26.11, for a total transaction of $287,210.00. Following the transaction, the executive vice president owned 90,667 shares of the company’s stock, valued at $2,367,315.37. This represents a 10.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders sold a total of 61,000 shares of company stock worth $1,537,310 in the last ninety days. Insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Goldman Sachs Group Inc. lifted its stake in shares of ZIM Integrated Shipping Services by 20.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,720,986 shares of the company’s stock valued at $68,879,000 after purchasing an additional 788,514 shares during the period. Clal Insurance Enterprises Holdings Ltd acquired a new stake in shares of ZIM Integrated Shipping Services in the 4th quarter valued at approximately $89,845,000. Meitav Investment House Ltd. boosted its stake in ZIM Integrated Shipping Services by 13.7% during the 1st quarter. Meitav Investment House Ltd. now owns 3,906,396 shares of the company’s stock worth $102,934,000 after acquiring an additional 472,092 shares during the last quarter. Yelin Lapidot Holdings Management Ltd. increased its stake in ZIM Integrated Shipping Services by 1.2% in the second quarter. Yelin Lapidot Holdings Management Ltd. now owns 3,308,773 shares of the company’s stock valued at $86,028,000 after purchasing an additional 40,000 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of ZIM Integrated Shipping Services by 2.0% during the first quarter. Renaissance Technologies LLC now owns 2,936,288 shares of the company’s stock worth $77,371,000 after purchasing an additional 58,603 shares in the last quarter. Institutional investors own 21.42% of the company’s stock.

About ZIM Integrated Shipping Services

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.