ZIM Integrated Shipping Services (NYSE:ZIM) Stock Price Down 2.2%

Shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Get Free Report) traded down 2.2% on Tuesday . The company traded as low as $10.64 and last traded at $10.72. 465,206 shares changed hands during mid-day trading, a decline of 93% from the average session volume of 7,112,415 shares. The stock had previously closed at $10.96.

Analyst Ratings Changes

Several analysts have recently weighed in on ZIM shares. Jefferies Financial Group reiterated a "buy" rating and issued a $20.00 price objective on shares of ZIM Integrated Shipping Services in a research note on Wednesday, March 13th. Bank of America reduced 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, JPMorgan Chase & Co. dropped their price target on ZIM Integrated Shipping Services from $9.30 to $9.25 and set a "neutral" rating on the stock in a research note on Friday, March 22nd. Two equities 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 currently has a consensus rating of "Hold" and a consensus price target of $10.51.

ZIM Integrated Shipping Services Stock Down 5.2 %

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 has a market capitalization of $1.25 billion, a PE ratio of -0.46 and a beta of 1.84. The stock's fifty day simple moving average is $11.39 and its 200-day simple moving average is $10.30.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last released its quarterly earnings results on Wednesday, March 13th. The company reported ($1.23) earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $1.23 billion. As a group, sell-side analysts forecast that ZIM Integrated Shipping Services Ltd. will post 0.33 EPS for the current fiscal year.

Institutional Trading of ZIM Integrated Shipping Services

A number of large investors have recently added to or reduced their stakes in the stock. Harbour Investments Inc. increased its position in ZIM Integrated Shipping Services by 100.6% in the first quarter. Harbour Investments Inc. now owns 1,396 shares of the company's stock worth $33,000 after buying an additional 700 shares during the last quarter. Geneos Wealth Management Inc. purchased a new stake in ZIM Integrated Shipping Services during the first quarter valued at about $112,000. Coppell Advisory Solutions Corp. bought a new position in ZIM Integrated Shipping Services during the fourth quarter worth about $38,000. Captrust Financial Advisors purchased a new position in shares of ZIM Integrated Shipping Services in the first quarter worth about $162,000. Finally, PNC Financial Services Group Inc. raised its position in shares of ZIM Integrated Shipping Services by 105.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,321 shares of the company's stock valued at $57,000 after purchasing an additional 1,705 shares during the period. Hedge funds and other institutional investors own 21.42% of the company's stock.

ZIM Integrated Shipping Services Company Profile

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.