ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Given Consensus Recommendation of “Hold” by Brokerages

Shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) have received a consensus rating of “Hold” from the eight analysts that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $19.8333.

Several research analysts recently issued reports on the stock. JPMorgan Chase & Co. increased their target price on shares of ZIM Integrated Shipping Services from $9.00 to $16.50 and gave the stock an “underweight” rating in a research note on Tuesday, June 30th. Weiss Ratings reiterated a “hold (c-)” rating on shares of ZIM Integrated Shipping Services in a report on Friday, June 5th. Zacks Research cut shares of ZIM Integrated Shipping Services from a “strong-buy” rating to a “hold” rating in a research report on Monday. Finally, Barclays raised their target price on ZIM Integrated Shipping Services from $17.00 to $20.00 and gave the company an “underweight” rating in a research note on Thursday, August 27th.

Insider Transactions at ZIM Integrated Shipping Services

In other news, EVP Eyal Ben-Amram sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $28.57, for a total transaction of $114,280.00. Following the completion of the sale, the executive vice president owned 6,486 shares in the company, valued at $185,305.02. The trade was a 38.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Xavier Destriau sold 12,084 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $28.80, for a total value of $348,019.20. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 288,840 shares of company stock valued at $8,140,860. Company insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On ZIM Integrated Shipping Services

Large investors have recently added to or reduced their stakes in the business. Sigma Planning Corp increased its holdings in ZIM Integrated Shipping Services by 3.8% during the 2nd quarter. Sigma Planning Corp now owns 11,475 shares of the company’s stock worth $298,000 after purchasing an additional 425 shares in the last quarter. Pictet Asset Management Holding SA grew its holdings in ZIM Integrated Shipping Services by 2.3% during the first quarter. Pictet Asset Management Holding SA now owns 22,528 shares of the company’s stock worth $594,000 after buying an additional 497 shares in the last quarter. Amundi raised its position in ZIM Integrated Shipping Services by 5.3% in the 2nd quarter. Amundi now owns 12,213 shares of the company’s stock valued at $318,000 after buying an additional 612 shares during the last quarter. Lazard Asset Management LLC lifted its stake in ZIM Integrated Shipping Services by 4.7% during the 3rd quarter. Lazard Asset Management LLC now owns 14,308 shares of the company’s stock valued at $194,000 after acquiring an additional 638 shares in the last quarter. Finally, HUB Investment Partners LLC boosted its holdings in ZIM Integrated Shipping Services by 6.4% during the 2nd quarter. HUB Investment Partners LLC now owns 11,920 shares of the company’s stock worth $192,000 after acquiring an additional 722 shares during the last quarter. Institutional investors own 21.42% of the company’s stock.

ZIM Integrated Shipping Services Trading Down 1.6%

NYSE ZIM opened at $27.58 on Friday. The stock has a market capitalization of $3.32 billion, a P/E ratio of 23.98 and a beta of 1.18. The business has a 50 day simple moving average of $25.94 and a 200 day simple moving average of $26.23. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.24 and a quick ratio of 1.15. 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 posted its quarterly earnings results on Thursday, August 20th. The company reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.27). The business had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.79 billion. ZIM Integrated Shipping Services had a return on equity of 1.11% and a net margin of 2.15%. Research analysts expect that ZIM Integrated Shipping Services will post 3.15 earnings per share for the current year.

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.