ZIM Integrated Shipping Services (NYSE:ZIM) Shares Gap Down to $19.18

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Get Free Report) shares gapped down before the market opened on Tuesday . The stock had previously closed at $19.18, but opened at $17.33. ZIM Integrated Shipping Services shares last traded at $18.20, with a volume of 4,094,718 shares.

Wall Street Analyst Weigh In

Several equities analysts have commented on ZIM shares. JPMorgan Chase & Co. decreased their target price on shares of ZIM Integrated Shipping Services from $9.30 to $9.25 and set a "neutral" rating on the stock in a report on Friday, March 22nd. Bank of America cut their target price on ZIM Integrated Shipping Services from $11.00 to $7.80 and set an "underperform" rating for the company in a research note on Tuesday, March 19th. Finally, Jefferies Financial Group restated a "buy" rating and set a $20.00 price objective on shares of ZIM Integrated Shipping Services in a research report on Wednesday, March 13th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, ZIM Integrated Shipping Services presently has an average rating of "Hold" and a consensus target price of $10.51.

ZIM Integrated Shipping Services Stock Down 4.7 %

The firm's fifty day moving average price is $12.18 and its two-hundred day moving average price is $11.20. The stock has a market cap of $2.20 billion, a price-to-earnings ratio of -0.82, a price-to-earnings-growth ratio of 0.32 and a beta of 1.64. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.02 and a quick ratio of 0.95.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last announced its quarterly earnings results on Wednesday, March 13th. The company reported ($1.23) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.33) by $0.10. ZIM Integrated Shipping Services had a negative return on equity of 16.29% and a negative net margin of 52.22%. The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.23 billion. Sell-side analysts forecast that ZIM Integrated Shipping Services Ltd. will post 1.37 earnings per share for the current fiscal year.

Hedge Funds Weigh In On ZIM Integrated Shipping Services

Several institutional investors and hedge funds have recently bought and sold shares of the company. Tower Research Capital LLC TRC boosted its holdings in ZIM Integrated Shipping Services by 92.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,335 shares of the company's stock worth $33,000 after buying an additional 1,601 shares during the period. Blue Trust Inc. increased its position in shares of ZIM Integrated Shipping Services by 604.3% during the fourth quarter. Blue Trust Inc. now owns 4,296 shares of the company's stock valued at $45,000 after buying an additional 3,686 shares during the period. Citigroup Inc. boosted its position in shares of ZIM Integrated Shipping Services by 77.1% in the third quarter. Citigroup Inc. now owns 5,403 shares of the company's stock valued at $56,000 after acquiring an additional 2,352 shares during the period. Scarborough Advisors LLC purchased a new position in ZIM Integrated Shipping Services during the fourth quarter valued at approximately $58,000. Finally, Russell Investments Group Ltd. lifted its stake in ZIM Integrated Shipping Services by 1,431.1% in the 1st quarter. Russell Investments Group Ltd. now owns 6,063 shares of the company's stock worth $61,000 after purchasing an additional 5,667 shares in the last quarter. 21.42% of the stock is owned by institutional investors.

About ZIM Integrated Shipping Services

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.