ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Receives Average Recommendation of "Hold" from Brokerages

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Get Free Report) has earned a consensus recommendation of "Hold" from the eight ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $19.8333.

ZIM has been the topic of a number of recent research reports. JPMorgan Chase & Co. lifted their price target on ZIM Integrated Shipping Services from $9.00 to $16.50 and gave the company 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. Barclays boosted their target price on shares of ZIM Integrated Shipping Services from $17.00 to $20.00 and gave the stock an "underweight" rating in a report on Thursday, August 27th. Finally, Zacks Research cut shares of ZIM Integrated Shipping Services from a "strong-buy" rating to a "hold" rating in a research report on Monday.

ZIM Integrated Shipping Services Stock Down 1.6%

Shares of NYSE:ZIM opened at $27.58 on Friday. ZIM Integrated Shipping Services has a 52-week low of $12.33 and a 52-week high of $29.97. The company has a market capitalization of $3.32 billion, a PE ratio of 23.98 and a beta of 1.18. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.15 and a current ratio of 1.24. The company has a fifty day moving average of $25.94 and a 200-day moving average of $26.23.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last released its quarterly earnings data on Thursday, August 20th. The company reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.27). ZIM Integrated Shipping Services had a net margin of 2.15% and a return on equity of 1.11%. The firm had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.79 billion. On average, equities analysts predict that ZIM Integrated Shipping Services will post 3.15 EPS for the current fiscal year.

Insider Buying and Selling

In other ZIM Integrated Shipping Services news, EVP Saar Dotan sold 11,000 shares of ZIM Integrated Shipping Services stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $26.11, for a total transaction of $287,210.00. Following the transaction, the executive vice president directly owned 90,667 shares of the company's stock, valued at approximately $2,367,315.37. The trade was a 10.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Eli Glickman sold 254,221 shares of the company's stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $28.22, for a total value of $7,174,116.62. Following the completion of the sale, the chief executive officer owned 233,473 shares in the company, valued at $6,588,608.06. This trade represents a 52.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 288,840 shares of company stock valued at $8,140,860 over the last quarter. 1.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On ZIM Integrated Shipping Services

A number of hedge funds and other institutional investors have recently made changes to their positions in ZIM. Pin Oak Investment Advisors Inc. acquired a new stake in ZIM Integrated Shipping Services during the 2nd quarter valued at approximately $26,000. Quarry LP acquired a new position in shares of ZIM Integrated Shipping Services in the 3rd quarter worth approximately $34,000. Huntington National Bank lifted its position in shares of ZIM Integrated Shipping Services by 200,000.0% in the 4th quarter. Huntington National Bank now owns 2,001 shares of the company's stock worth $42,000 after purchasing an additional 2,000 shares during the period. Pinnacle Holdings LLC bought a new stake in shares of ZIM Integrated Shipping Services in the 2nd quarter valued at $42,000. Finally, Larson Financial Group LLC increased its position in shares of ZIM Integrated Shipping Services by 158.8% during the third quarter. Larson Financial Group LLC now owns 3,256 shares of the company's stock worth $44,000 after buying an additional 1,998 shares during the period. 21.42% of the stock is owned by institutional investors and hedge funds.

ZIM Integrated Shipping Services Company Profile

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.

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