ZIM Integrated Shipping Services (NYSE:ZIM) Price Target Raised to $15.80 at Barclays

ZIM Integrated Shipping Services (NYSE:ZIM) had its price objective hoisted by Barclays from $13.70 to $15.80 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has an “underweight” rating on the stock. Barclays‘s target price indicates a potential downside of 41.56% from the company’s current price.

Several other research analysts have also recently issued reports on the company. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $21.00 price target on shares of ZIM Integrated Shipping Services in a report on Wednesday, January 14th. Wall Street Zen raised ZIM Integrated Shipping Services from a “sell” rating to a “hold” rating in a research report on Friday, November 28th. Jefferies Financial Group upped their target price on ZIM Integrated Shipping Services from $15.00 to $20.00 and gave the company a “hold” rating in a report on Monday, December 8th. Fearnley Fonds upgraded ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 18th. Finally, Citigroup raised ZIM Integrated Shipping Services from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $11.50 to $31.80 in a research note on Thursday, February 19th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, ZIM Integrated Shipping Services currently has an average rating of “Reduce” and a consensus price target of $17.48.

ZIM Integrated Shipping Services Stock Performance

ZIM Integrated Shipping Services stock traded up $0.05 during midday trading on Monday, reaching $27.04. 1,693,510 shares of the stock traded hands, compared to its average volume of 4,111,956. The company has a current ratio of 1.23, a quick ratio of 1.15 and a debt-to-equity ratio of 1.14. The firm has a fifty day moving average price of $24.47 and a two-hundred day moving average price of $19.12. The firm has a market cap of $3.26 billion, a price-to-earnings ratio of 6.78 and a beta of 1.56. ZIM Integrated Shipping Services has a fifty-two week low of $11.03 and a fifty-two week high of $29.97.

ZIM Integrated Shipping Services (NYSE:ZIM) last released its quarterly earnings results on Monday, March 9th. The company reported ($0.58) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.01) by $0.43. The company had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.54 billion. ZIM Integrated Shipping Services had a return on equity of 9.33% and a net margin of 6.94%. On average, equities research analysts forecast that ZIM Integrated Shipping Services will post 16.75 earnings per share for the current year.

Institutional Trading of ZIM Integrated Shipping Services

Several large investors have recently made changes to their positions in ZIM. Hoey Investments Inc. bought a new stake in ZIM Integrated Shipping Services during the 4th quarter valued at approximately $25,000. Lodestone Wealth Management LLC acquired a new position in shares of ZIM Integrated Shipping Services during the fourth quarter worth approximately $29,000. Quarry LP bought a new stake in shares of ZIM Integrated Shipping Services in the third quarter valued at approximately $34,000. Edmond DE Rothschild Holding S.A. bought a new stake in shares of ZIM Integrated Shipping Services in the second quarter valued at approximately $37,000. Finally, Huntington National Bank grew its stake in shares of ZIM Integrated Shipping Services by 200,000.0% in 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 during 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.