ZIM Integrated Shipping Services (NYSE:ZIM) Trading 3.7% Higher

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Get Free Report) shares were up 3.7% on Monday . The company traded as high as $10.55 and last traded at $10.55. Approximately 953,438 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 6,603,075 shares. The stock had previously closed at $10.17.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on ZIM shares. Bank of America lowered their target price on shares of ZIM Integrated Shipping Services from $11.00 to $7.80 and set an "underperform" rating on the stock in a report on Tuesday, March 19th. JPMorgan Chase & Co. lowered 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. Finally, Jefferies Financial Group reaffirmed a "buy" rating and issued a $20.00 price objective on shares of ZIM Integrated Shipping Services in a research report on Wednesday, March 13th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, ZIM Integrated Shipping Services currently has a consensus rating of "Hold" and a consensus target price of $10.51.

ZIM Integrated Shipping Services Stock Up 8.8 %

The company has a current ratio of 1.02, a quick ratio of 0.95 and a debt-to-equity ratio of 1.35. The stock's 50-day simple moving average is $10.91 and its 200-day simple moving average is $10.31. The firm has a market capitalization of $1.33 billion, a P/E ratio of -0.49 and a beta of 1.84.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last issued its quarterly earnings data on Wednesday, March 13th. The company reported ($1.23) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($1.33) by $0.10. ZIM Integrated Shipping Services had a negative net margin of 52.22% and a negative return on equity of 16.29%. The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.23 billion. As a group, research analysts predict that ZIM Integrated Shipping Services Ltd. will post 0.33 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Olympiad Research LP grew its position in shares of ZIM Integrated Shipping Services by 2.8% during the 4th quarter. Olympiad Research LP now owns 49,236 shares of the company's stock valued at $486,000 after acquiring an additional 1,364 shares during the period. Tower Research Capital LLC TRC grew its position in shares of ZIM Integrated Shipping Services by 92.3% during the 4th 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 during the period. Van ECK Associates Corp grew its position in shares of ZIM Integrated Shipping Services by 6.8% during the 3rd quarter. Van ECK Associates Corp now owns 33,686 shares of the company's stock valued at $352,000 after acquiring an additional 2,143 shares during the period. Citigroup Inc. grew its position in shares of ZIM Integrated Shipping Services by 77.1% during the 3rd 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. Finally, Sigma Planning Corp grew its position in shares of ZIM Integrated Shipping Services by 17.4% during the 3rd quarter. Sigma Planning Corp now owns 19,796 shares of the company's stock valued at $207,000 after acquiring an additional 2,927 shares during the period. 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.