ZIM Integrated Shipping Services (NYSE:ZIM) Stock Price Up 4.5%

Shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Get Free Report) were up 4.5% during mid-day trading on Monday . The company traded as high as $10.69 and last traded at $10.58. Approximately 1,891,137 shares were traded during mid-day trading, a decline of 75% from the average daily volume of 7,459,310 shares. The stock had previously closed at $10.12.

Analyst Ratings Changes

Several research firms have recently issued reports on ZIM. JPMorgan Chase & Co. lowered their price target on ZIM Integrated Shipping Services from $9.30 to $9.25 and set a "neutral" rating for the company in a research report on Friday, March 22nd. Bank of America decreased their price objective on shares of ZIM Integrated Shipping Services from $11.00 to $7.80 and set an "underperform" rating for the company in a report on Tuesday, March 19th. Barclays cut their target price on ZIM Integrated Shipping Services from $6.00 to $5.00 and set an "underweight" rating on the stock in a research note on Tuesday, December 5th. 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 note on Wednesday, March 13th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $10.51.

ZIM Integrated Shipping Services Trading Up 5.4 %

The company has a debt-to-equity ratio of 1.35, a current ratio of 1.02 and a quick ratio of 0.95. The company has a market cap of $1.28 billion, a price-to-earnings ratio of -0.48 and a beta of 1.84. The business has a 50 day simple moving average of $11.82 and a 200 day simple moving average of $10.33.

Hedge Funds Weigh In On ZIM Integrated Shipping Services

A number of hedge funds have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC grew its holdings in shares of ZIM Integrated Shipping Services by 92.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,335 shares of the company's stock valued at $33,000 after acquiring an additional 1,601 shares in the last quarter. Harbour Investments Inc. grew its stake in shares of ZIM Integrated Shipping Services by 100.6% during the 1st quarter. Harbour Investments Inc. now owns 1,396 shares of the company's stock worth $33,000 after purchasing an additional 700 shares during the period. Coppell Advisory Solutions Corp. acquired a new stake in ZIM Integrated Shipping Services during the 4th quarter worth $38,000. IFP Advisors Inc raised its holdings in shares of ZIM Integrated Shipping Services by 40.0% during the 2nd quarter. IFP Advisors Inc now owns 3,500 shares of the company's stock worth $43,000 after acquiring an additional 1,000 shares during the period. Finally, Blue Trust Inc. raised its holdings in ZIM Integrated Shipping Services by 604.3% in the 4th 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. Institutional investors own 21.42% of the company's stock.

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.