ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Stock Has Consensus Target Price of $22.42 According to Analysts

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Get Free Report) has earned an average recommendation of "Hold" from the eight research firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a strong buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $22.42.

ZIM has been the topic of a number of analyst reports. Weiss Ratings raised shares of ZIM Integrated Shipping Services from a "hold (c-)" rating to a "hold (c)" rating in a research note on Thursday, October 8th. Wall Street Zen upgraded shares of ZIM Integrated Shipping Services to a "strong-buy" rating in a research note on Saturday. Zacks Research raised ZIM Integrated Shipping Services from a "hold" rating to a "strong-buy" rating in a report on Tuesday, October 13th. JPMorgan Chase & Co. upped their price objective on ZIM Integrated Shipping Services from $16.50 to $22.00 and gave the company an "underweight" rating in a research note on Monday, October 12th. Finally, Barclays set a $30.00 price objective on ZIM Integrated Shipping Services and gave the company an "equal weight" rating in a research note on Monday, September 14th.

Insider Buying and Selling

In related news, Director Birger Meyer-Gloeckner sold 1,531 shares of the stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $28.50, for a total transaction of $43,633.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Assaf Tiran sold 4,727 shares of ZIM Integrated Shipping Services stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $29.51, for a total transaction of $139,493.77. The disclosure for this sale is available in the SEC filing. Insiders have sold 320,122 shares of company stock worth $9,114,905 in the last three months. Company insiders own 1.30% of the company's stock.

Institutional Trading of ZIM Integrated Shipping Services

Large investors have recently added to or reduced their stakes in the company. Sigma Planning Corp grew its holdings in shares of ZIM Integrated Shipping Services by 3.8% in the 2nd quarter. Sigma Planning Corp now owns 11,475 shares of the company's stock valued at $298,000 after buying an additional 425 shares during the period. Pictet Asset Management Holding SA raised its stake in ZIM Integrated Shipping Services by 2.3% during the 1st quarter. Pictet Asset Management Holding SA now owns 22,528 shares of the company's stock worth $594,000 after buying an additional 497 shares during the period. Amundi raised its stake in ZIM Integrated Shipping Services by 5.3% during the 2nd quarter. Amundi now owns 12,213 shares of the company's stock worth $318,000 after buying an additional 612 shares during the period. Cidel Asset Management Inc. raised its stake in ZIM Integrated Shipping Services by 7.1% during the 2nd quarter. Cidel Asset Management Inc. now owns 13,271 shares of the company's stock worth $345,000 after buying an additional 883 shares during the period. Finally, Van ECK Associates Corp lifted its holdings in ZIM Integrated Shipping Services by 1.9% during the second quarter. Van ECK Associates Corp now owns 50,729 shares of the company's stock worth $1,319,000 after acquiring an additional 927 shares in the last quarter. 21.42% of the stock is owned by institutional investors.

ZIM Integrated Shipping Services Stock Up 0.9%

ZIM opened at $29.33 on Friday. The company has a market capitalization of $3.54 billion, a P/E ratio of 25.51 and a beta of 1.22. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.24 and a quick ratio of 1.15. The firm's fifty day moving average price is $29.08 and its two-hundred day moving average price is $26.77. ZIM Integrated Shipping Services has a fifty-two week low of $13.56 and a fifty-two week high of $30.98.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last announced its quarterly earnings data on Thursday, August 20th. The company reported $0.64 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.80 by ($0.16). The business had revenue of $1.78 billion during the quarter, compared to analyst estimates of $1.79 billion. ZIM Integrated Shipping Services had a net margin of 2.15% and a return on equity of 1.11%. On average, analysts anticipate that ZIM Integrated Shipping Services will post 8.86 EPS for the current year.

About ZIM Integrated Shipping Services

ZIM Integrated Shipping Services Ltd. is an Israel-based container shipping company that provides international transportation and logistics services. The company transports a broad range of cargo, including general, refrigerated, hazardous and oversized goods, using container vessels and related intermodal transportation solutions.

ZIM operates shipping services across major global trade routes, connecting markets in Asia, Europe, the Mediterranean, North and South America, Africa and other regions.

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