ZIM Integrated Shipping Services (NYSE:ZIM) Upgraded by Barclays to “Hold” Rating

ZIM Integrated Shipping Services (NYSE:ZIM) was upgraded by investment analysts at Barclays from a “strong sell” rating to a “hold” rating in a research report issued on Monday, Zacks reports.

ZIM has been the subject of several other reports. JPMorgan Chase & Co. lifted their price objective on shares of ZIM Integrated Shipping Services from $9.00 to $16.50 and gave the stock an “underweight” rating in a research report on Tuesday, June 30th. Weiss Ratings restated a “hold (c-)” rating on shares of ZIM Integrated Shipping Services in a research note on Wednesday, September 2nd. Finally, Zacks Research downgraded ZIM Integrated Shipping Services from a “strong-buy” rating to a “hold” rating in a report on Monday, August 31st. One analyst has rated the stock with a Strong Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, ZIM Integrated Shipping Services presently has an average rating of “Hold” and an average target price of $21.50.

ZIM Integrated Shipping Services Stock Up 0.7%

ZIM stock opened at $29.77 on Monday. The company’s 50 day moving average price is $26.49 and its 200 day moving average price is $26.30. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.15 and a current ratio of 1.24. ZIM Integrated Shipping Services has a fifty-two week low of $12.33 and a fifty-two week high of $30.40. The firm has a market capitalization of $3.59 billion, a price-to-earnings ratio of 25.89 and a beta of 1.18.

ZIM Integrated Shipping Services (NYSE:ZIM) last issued 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). ZIM Integrated Shipping Services had a return on equity of 1.11% and a net margin of 2.15%.The firm had revenue of $1.78 billion during the quarter, compared to analysts’ expectations of $1.79 billion. On average, equities research analysts anticipate that ZIM Integrated Shipping Services will post 3.15 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Saar Dotan sold 3,690 shares of the firm’s stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $30.32, for a total transaction of $111,880.80. Following the transaction, the executive vice president owned 89,867 shares in the company, valued at $2,724,767.44. This trade represents a 3.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Sami Jubran sold 3,020 shares of ZIM Integrated Shipping Services stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $29.91, for a total value of $90,328.20. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 288,851 shares of company stock worth $8,183,073. Corporate insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On ZIM Integrated Shipping Services

Several large investors have recently modified their holdings of the company. WINTON GROUP Ltd purchased a new position in ZIM Integrated Shipping Services during the 2nd quarter worth $679,000. Cidel Asset Management Inc. raised its holdings in shares of ZIM Integrated Shipping Services by 7.1% in the second quarter. Cidel Asset Management Inc. now owns 13,271 shares of the company’s stock valued at $345,000 after buying an additional 883 shares during the last quarter. Integrated Wealth Concepts LLC raised its holdings in shares of ZIM Integrated Shipping Services by 9.2% in the second quarter. Integrated Wealth Concepts LLC now owns 17,507 shares of the company’s stock valued at $455,000 after buying an additional 1,468 shares during the last quarter. Amundi boosted its stake in shares of ZIM Integrated Shipping Services by 5.3% during the second quarter. Amundi now owns 12,213 shares of the company’s stock worth $318,000 after buying an additional 612 shares during the period. Finally, California State Teachers Retirement System grew its holdings in shares of ZIM Integrated Shipping Services by 2,475.1% during the second quarter. California State Teachers Retirement System now owns 3,270,800 shares of the company’s stock worth $85,041,000 after buying an additional 3,143,783 shares during the last quarter. 21.42% of the stock is owned by institutional investors and hedge funds.

ZIM Integrated Shipping Services Company Profile

ZIM Integrated Shipping Services Ltd. is a global container liner company headquartered in Haifa, Israel. The company provides ocean transportation for containerized cargo, connecting ports and commercial markets across major international trade routes.

ZIM’s services include scheduled container shipping, cargo transportation, and related logistics solutions. Its offerings support a range of cargo types, including dry goods, refrigerated products, hazardous materials, and vehicles. The company also provides digital tools and customer services designed to support booking, shipment management, documentation, and supply-chain visibility.

Founded in 1945, ZIM has developed from an Israeli shipping company into an international carrier serving customers through a network of vessels, ports, terminals, and logistics partners.