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

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) has been given a consensus rating of “Hold” by the seven brokerages that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $17.8333.

ZIM has been the subject of several research analyst reports. Barclays lifted their price objective on ZIM Integrated Shipping Services from $13.70 to $15.80 and gave the stock an “underweight” rating in a report on Monday, March 16th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of ZIM Integrated Shipping Services in a report on Friday, June 5th.

Insider Activity at ZIM Integrated Shipping Services

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

Institutional Trading of ZIM Integrated Shipping Services

Several large investors have recently modified their holdings of the company. Fifth Lane Capital LP purchased a new position in ZIM Integrated Shipping Services during the third quarter valued at $542,000. Sierra Summit Advisors LLC purchased a new position in ZIM Integrated Shipping Services during the third quarter valued at $854,000. Grantham Mayo Van Otterloo & Co. LLC purchased a new position in ZIM Integrated Shipping Services during the third quarter valued at $3,173,000. Causeway Capital Management LLC lifted its position in ZIM Integrated Shipping Services by 52.2% during the third quarter. Causeway Capital Management LLC now owns 1,082,641 shares of the company’s stock valued at $14,670,000 after purchasing an additional 371,277 shares in the last quarter. Finally, Y.D. More Investments Ltd lifted its position in ZIM Integrated Shipping Services by 378,174.5% during the fourth quarter. Y.D. More Investments Ltd now owns 3,782,745 shares of the company’s stock valued at $80,308,000 after purchasing an additional 3,781,745 shares in the last quarter. Institutional investors own 21.42% of the company’s stock.

ZIM Integrated Shipping Services Stock Performance

Shares of ZIM opened at $24.42 on Friday. 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. The firm has a market capitalization of $2.94 billion, a P/E ratio of 30.15 and a beta of 1.20. The business has a fifty day moving average of $25.72 and a 200 day moving average of $24.42.

ZIM Integrated Shipping Services (NYSE:ZIM) last issued its quarterly earnings data on Thursday, May 21st. The company reported ($0.72) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.50). ZIM Integrated Shipping Services had a negative return on equity of 0.26% and a net margin of 1.56%.The firm had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.48 billion. As a group, sell-side analysts anticipate that ZIM Integrated Shipping Services will post -7.24 EPS 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.