ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) had its target price raised by equities research analysts at JPMorgan Chase & Co. from $9.80 to $10.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has an "underweight" rating on the stock. JPMorgan Chase & Co.'s price target would indicate a potential downside of 26.44% from the stock's previous close.
Other analysts have also issued reports about the stock. Jefferies Financial Group restated a "hold" rating and set a $17.00 price target on shares of ZIM Integrated Shipping Services in a research report on Wednesday, August 20th. Wall Street Zen lowered shares of ZIM Integrated Shipping Services from a "hold" rating to a "sell" rating in a research report on Friday, August 22nd. Citigroup restated a "sell" rating on shares of ZIM Integrated Shipping Services in a research report on Monday, August 11th. Finally, Barclays cut their price target on shares of ZIM Integrated Shipping Services from $14.80 to $13.30 and set an "underweight" rating for the company in a research report on Thursday, August 28th. Two investment analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company. According to MarketBeat, the company has an average rating of "Strong Sell" and an average target price of $14.62.
Read Our Latest Report on ZIM Integrated Shipping Services
ZIM Integrated Shipping Services Stock Down 2.5%
ZIM opened at $13.60 on Tuesday. The stock has a market cap of $1.64 billion, a PE ratio of 0.82, a P/E/G ratio of 0.16 and a beta of 1.74. The company has a quick ratio of 1.11, a current ratio of 1.20 and a debt-to-equity ratio of 1.20. ZIM Integrated Shipping Services has a 52 week low of $11.03 and a 52 week high of $30.15. The business's fifty day simple moving average is $15.01 and its 200 day simple moving average is $15.54.
ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last released its earnings results on Wednesday, August 20th. The company reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $1.50 by ($1.31). The firm had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.84 billion. ZIM Integrated Shipping Services had a net margin of 23.37% and a return on equity of 50.61%. As a group, research analysts expect that ZIM Integrated Shipping Services will post 16.75 earnings per share for the current fiscal year.
Institutional Trading of ZIM Integrated Shipping Services
Several institutional investors and hedge funds have recently bought and sold shares of the stock. HUB Investment Partners LLC lifted its stake in shares of ZIM Integrated Shipping Services by 6.4% during the 2nd quarter. HUB Investment Partners LLC now owns 11,920 shares of the company's stock valued at $192,000 after buying an additional 722 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of ZIM Integrated Shipping Services by 6.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 13,786 shares of the company's stock valued at $222,000 after buying an additional 776 shares in the last quarter. Aigen Investment Management LP lifted its stake in shares of ZIM Integrated Shipping Services by 5.4% during the 1st quarter. Aigen Investment Management LP now owns 16,842 shares of the company's stock valued at $246,000 after buying an additional 867 shares in the last quarter. Regatta Capital Group LLC lifted its stake in shares of ZIM Integrated Shipping Services by 7.6% during the 1st quarter. Regatta Capital Group LLC now owns 14,699 shares of the company's stock valued at $214,000 after buying an additional 1,040 shares in the last quarter. Finally, IHT Wealth Management LLC lifted its stake in shares of ZIM Integrated Shipping Services by 4.7% during the 2nd quarter. IHT Wealth Management LLC now owns 26,385 shares of the company's stock valued at $425,000 after buying an additional 1,194 shares in the last quarter. 21.42% of the stock is currently owned by hedge funds and other institutional investors.
ZIM Integrated Shipping Services Company Profile
(
Get Free Report)
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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