ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) was downgraded by analysts at Clarkson Capital from a "buy" rating to a "neutral" rating in a report issued on Tuesday,Briefing.com Automated Import reports. They currently have a $20.00 price target on the stock. Clarkson Capital's price target indicates a potential upside of 2.83% from the company's current price.
A number of other analysts have also commented on ZIM. Bank of America dropped their price target on ZIM Integrated Shipping Services from $16.00 to $12.80 and set an "underperform" rating for the company in a research note on Friday, April 11th. Barclays dropped their price target on ZIM Integrated Shipping Services from $13.50 to $12.00 and set an "underweight" rating for the company in a research note on Wednesday, April 16th. JPMorgan Chase & Co. dropped their price target on ZIM Integrated Shipping Services from $10.00 to $9.50 and set an "underweight" rating for the company in a research note on Friday, March 7th. Finally, Jefferies Financial Group increased their price objective on ZIM Integrated Shipping Services from $16.00 to $17.00 and gave the stock a "hold" rating in a report on Tuesday. Five research analysts have rated the stock with a sell rating and two have issued a hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Reduce" and an average price target of $14.05.
Read Our Latest Analysis on ZIM Integrated Shipping Services
ZIM Integrated Shipping Services Stock Up 6.1%
Shares of NYSE ZIM opened at $19.45 on Tuesday. ZIM Integrated Shipping Services has a 12 month low of $11.04 and a 12 month high of $30.15. The company has a current ratio of 1.33, a quick ratio of 1.26 and a debt-to-equity ratio of 1.11. The firm has a market capitalization of $2.34 billion, a price-to-earnings ratio of 1.63, a PEG ratio of 0.27 and a beta of 1.84. The business has a 50-day moving average of $15.14 and a 200-day moving average of $18.68.
ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last issued its quarterly earnings data on Monday, May 19th. The company reported $2.45 EPS for the quarter, topping the consensus estimate of $1.89 by $0.56. The company had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.84 billion. ZIM Integrated Shipping Services had a return on equity of 48.63% and a net margin of 19.26%. During the same quarter in the previous year, the firm earned $0.75 earnings per share. Sell-side analysts expect that ZIM Integrated Shipping Services will post 16.75 earnings per share for the current fiscal year.
Hedge Funds Weigh In On ZIM Integrated Shipping Services
Several large investors have recently modified their holdings of ZIM. Altshuler Shaham Ltd raised its position in shares of ZIM Integrated Shipping Services by 650.0% in the 4th quarter. Altshuler Shaham Ltd now owns 1,500 shares of the company's stock worth $32,000 after acquiring an additional 1,300 shares in the last quarter. New York State Common Retirement Fund bought a new position in shares of ZIM Integrated Shipping Services in the 1st quarter worth $30,000. Employees Retirement System of Texas bought a new position in shares of ZIM Integrated Shipping Services in the 4th quarter worth $45,000. Brown Brothers Harriman & Co. bought a new position in shares of ZIM Integrated Shipping Services in the 4th quarter worth $79,000. Finally, R Squared Ltd bought a new position in shares of ZIM Integrated Shipping Services in the 4th quarter worth $88,000. Institutional investors own 21.42% of the company's stock.
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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