Barclays Issues Positive Forecast for ZIM Integrated Shipping Services (NYSE:ZIM) Stock Price

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) had its price target raised by Barclays from $14.20 to $14.80 in a research report issued on Friday,Benzinga reports. The firm presently has an "underweight" rating on the stock. Barclays's price objective would suggest a potential downside of 11.79% from the stock's current price.

A number of other research analysts also recently issued reports on the stock. Jefferies Financial Group lifted their price target on ZIM Integrated Shipping Services from $16.00 to $17.00 and gave the company a "hold" rating in a research report on Tuesday, May 20th. Clarkson Capital lowered shares of ZIM Integrated Shipping Services from a "buy" rating to a "neutral" rating and set a $20.00 target price for the company. in a report on Tuesday, May 20th. JPMorgan Chase & Co. lowered their price target on shares of ZIM Integrated Shipping Services from $10.00 to $9.50 and set an "underweight" rating on the stock in a report on Friday, March 7th. Finally, Bank of America dropped their price target on shares of ZIM Integrated Shipping Services from $16.00 to $12.80 and set an "underperform" rating on the stock in a research report on Friday, April 11th. Four research analysts have rated the stock with a sell rating and two have given a hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Reduce" and an average price target of $14.82.

ZIM Integrated Shipping Services Stock Up 7.1%

Shares of ZIM stock traded up $1.11 during trading hours on Friday, reaching $16.78. 3,128,838 shares of the company's stock were exchanged, compared to its average volume of 6,185,225. The stock has a market cap of $2.02 billion, a PE ratio of 0.86, a PEG ratio of 0.26 and a beta of 1.83. The company has a current ratio of 1.18, a quick ratio of 1.10 and a debt-to-equity ratio of 1.16. The stock's fifty day moving average price is $16.32 and its two-hundred day moving average price is $17.56. ZIM Integrated Shipping Services has a 1 year low of $11.04 and a 1 year high of $30.15.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last issued its quarterly earnings results on Monday, May 19th. The company reported $2.45 EPS for the quarter, topping analysts' consensus estimates of $1.89 by $0.56. ZIM Integrated Shipping Services had a return on equity of 63.46% and a net margin of 26.52%. The company had revenue of $2.01 billion during the quarter, compared to analysts' expectations of $1.84 billion. During the same quarter in the previous year, the firm posted $0.75 EPS. Research analysts predict that ZIM Integrated Shipping Services will post 16.75 EPS for the current year.

Institutional Trading of ZIM Integrated Shipping Services

Several large investors have recently bought and sold shares of the business. Altshuler Shaham Ltd boosted its stake in ZIM Integrated Shipping Services by 650.0% during the fourth quarter. Altshuler Shaham Ltd now owns 1,500 shares of the company's stock worth $32,000 after buying an additional 1,300 shares during the last quarter. New York State Common Retirement Fund acquired a new position in shares of ZIM Integrated Shipping Services during the 1st quarter valued at about $30,000. Employees Retirement System of Texas acquired a new position in shares of ZIM Integrated Shipping Services during the 4th quarter valued at about $45,000. Brown Brothers Harriman & Co. purchased a new stake in shares of ZIM Integrated Shipping Services in the fourth quarter valued at about $79,000. Finally, Mark Sheptoff Financial Planning LLC increased its position in ZIM Integrated Shipping Services by 26.5% during the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 4,300 shares of the company's stock worth $92,000 after purchasing an additional 900 shares during the last quarter. Hedge funds and other institutional investors own 21.42% of the company's stock.

ZIM Integrated Shipping Services Company Profile

ZIM Integrated Shipping Services Ltd., together with its subsidiaries, provides container shipping and related services in Israel and internationally. It provides door-to-door and port-to-port transportation services for various types of customers, including end-users, consolidators, and freight forwarders.

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