ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Stock Now Rated "Hold" by Wall Street Brokerages

Key Points

• Wall Street consensus is “Hold”: Six of eight covering brokerages rate ZIM a hold, with one sell and one strong-buy rating. The average 12-month price target is $21.50.
• ZIM recently missed earnings expectations: The company reported quarterly EPS of $0.53 versus the $0.80 consensus estimate, while revenue of $1.78 billion was slightly below forecasts.
• Insiders have been selling shares: Company insiders sold 320,122 shares worth approximately $9.1 million over the past three months, while institutional investors own 21.42% of the stock.

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Get Free Report) has been given an average rating of "Hold" by the eight brokerages that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $21.50.

Several research analysts recently commented on ZIM shares. Barclays set a $30.00 price objective on shares of ZIM Integrated Shipping Services and gave the stock an "equal weight" rating in a report on Monday, September 14th. Zacks Research downgraded ZIM Integrated Shipping Services from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 31st. Weiss Ratings restated a "hold (c-)" rating on shares of ZIM Integrated Shipping Services in a research report on Wednesday, September 2nd. Finally, JPMorgan Chase & Co. raised their price target on ZIM Integrated Shipping Services from $9.00 to $16.50 and gave the stock an "underweight" rating in a report on Tuesday, June 30th.

Insider Buying and Selling at ZIM Integrated Shipping Services

In other ZIM Integrated Shipping Services news, EVP Sami Jubran sold 3,020 shares of the firm's stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $29.91, for a total value of $90,328.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Xavier Destriau sold 12,084 shares of ZIM Integrated Shipping Services stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $28.80, for a total value of $348,019.20. The SEC filing for this sale provides additional information. Insiders have sold a total of 320,122 shares of company stock worth $9,114,905 in the last three months. 1.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On ZIM Integrated Shipping Services

Hedge funds have recently bought and sold shares of the company. Clal Insurance Enterprises Holdings Ltd bought a new stake in ZIM Integrated Shipping Services in the 4th quarter worth approximately $89,845,000. Oddo BHF Asset Management Sas bought a new position in ZIM Integrated Shipping Services during the first quarter valued at approximately $30,302,000. Hsbc Holdings PLC bought a new position in ZIM Integrated Shipping Services during the first quarter valued at approximately $16,409,000. Meitav Investment House Ltd. raised its stake in shares of ZIM Integrated Shipping Services by 13.7% during the first quarter. Meitav Investment House Ltd. now owns 3,906,396 shares of the company's stock worth $102,934,000 after acquiring an additional 472,092 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp raised its stake in shares of ZIM Integrated Shipping Services by 1,462.5% during the first quarter. OMERS ADMINISTRATION Corp now owns 368,056 shares of the company's stock worth $9,698,000 after acquiring an additional 344,501 shares in the last quarter. Hedge funds and other institutional investors own 21.42% of the company's stock.

ZIM Integrated Shipping Services Price Performance

NYSE ZIM opened at $28.47 on Tuesday. The company has a quick ratio of 1.15, a current ratio of 1.24 and a debt-to-equity ratio of 1.09. The company has a market cap of $3.43 billion, a PE ratio of 24.76 and a beta of 1.18. ZIM Integrated Shipping Services has a 52 week low of $12.33 and a 52 week high of $30.96. The firm's 50-day simple moving average is $27.59 and its two-hundred day simple moving average is $26.37.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last posted its earnings results 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 return on equity of 1.11% and a net margin of 2.15%.The business had revenue of $1.78 billion during the quarter, compared to analysts' expectations of $1.79 billion. Research analysts predict that ZIM Integrated Shipping Services will post 3.15 earnings per share for the current year.

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.

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