ZIM Integrated Shipping Services (NYSE:ZIM) Price Target Raised to $14.20

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) had its price target raised by investment analysts at Barclays from $12.00 to $14.20 in a report released on Wednesday,Benzinga reports. The firm currently has an "underweight" rating on the stock. Barclays's price objective indicates a potential downside of 19.13% from the company's current price.

Several other research firms have also recently issued reports on ZIM. Jefferies Financial Group increased their price objective on shares of ZIM Integrated Shipping Services from $16.00 to $17.00 and gave the company a "hold" rating in a report on Tuesday, May 20th. Clarkson Capital downgraded ZIM Integrated Shipping Services from a "buy" rating to a "neutral" rating and set a $20.00 target price for the company. in a research report on Tuesday, May 20th. Bank of America lowered their price target on ZIM Integrated Shipping Services from $16.00 to $12.80 and set an "underperform" rating on the stock in a research report on Friday, April 11th. Finally, JPMorgan Chase & Co. dropped their price objective on ZIM Integrated Shipping Services from $10.00 to $9.50 and set an "underweight" rating on the stock in a research note on Friday, March 7th. Five research analysts have rated the stock with a sell rating and two have given a hold rating to the stock. According to MarketBeat.com, ZIM Integrated Shipping Services presently has an average rating of "Reduce" and an average price target of $14.42.

ZIM Integrated Shipping Services Stock Performance

Shares of NYSE:ZIM traded up $0.33 on Wednesday, hitting $17.56. The company's stock had a trading volume of 8,629,141 shares, compared to its average volume of 6,163,285. The company has a market capitalization of $2.11 billion, a price-to-earnings ratio of 1.47, a price-to-earnings-growth ratio of 0.27 and a beta of 1.84. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.26 and a current ratio of 1.33. ZIM Integrated Shipping Services has a 12 month low of $11.04 and a 12 month high of $30.15. The stock's 50-day moving average is $15.18 and its two-hundred day moving average is $18.31.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last posted its quarterly earnings data on Monday, May 19th. The company reported $2.45 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.56. The business had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.84 billion. ZIM Integrated Shipping Services had a net margin of 19.26% and a return on equity of 48.63%. During the same quarter in the prior year, the company posted $0.75 earnings per share. On average, equities research analysts forecast that ZIM Integrated Shipping Services will post 16.75 EPS for the current year.

Institutional Investors Weigh In On ZIM Integrated Shipping Services

Large investors have recently modified their holdings of the stock. Renaissance Technologies LLC boosted its position in shares of ZIM Integrated Shipping Services by 50.0% in the 4th quarter. Renaissance Technologies LLC now owns 5,726,631 shares of the company's stock valued at $122,951,000 after purchasing an additional 1,909,480 shares during the period. Goldman Sachs Group Inc. lifted its stake in ZIM Integrated Shipping Services by 20.1% during the first quarter. Goldman Sachs Group Inc. now owns 4,720,986 shares of the company's stock valued at $68,879,000 after buying an additional 788,514 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of ZIM Integrated Shipping Services by 33.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,784,352 shares of the company's stock worth $81,250,000 after buying an additional 940,587 shares during the period. American Century Companies Inc. raised its holdings in shares of ZIM Integrated Shipping Services by 19.1% during the first quarter. American Century Companies Inc. now owns 2,280,289 shares of the company's stock valued at $33,269,000 after acquiring an additional 366,205 shares during the period. Finally, Marshall Wace LLP raised its holdings in shares of ZIM Integrated Shipping Services by 6.9% during the fourth quarter. Marshall Wace LLP now owns 1,936,666 shares of the company's stock valued at $41,580,000 after acquiring an additional 124,558 shares during the period. 21.42% of the stock is owned by institutional investors.

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.