ZIM Integrated Shipping Services (NYSE:ZIM) Given New $14.20 Price Target at Barclays

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) had its price target upped by analysts at Barclays from $12.00 to $14.20 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an "underweight" rating on the stock. Barclays's target price suggests a potential downside of 19.13% from the company's previous close.

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

ZIM Integrated Shipping Services Stock Performance

Shares of ZIM Integrated Shipping Services stock traded up $0.33 on Wednesday, reaching $17.56. 8,629,141 shares of the company traded hands, compared to its average volume of 6,173,498. ZIM Integrated Shipping Services has a 52 week low of $11.04 and a 52 week high of $30.15. The company has a 50 day moving average of $15.13 and a 200 day moving average of $18.40. The firm has a market capitalization of $2.11 billion, a PE ratio of 1.47, a PEG ratio of 0.27 and a beta of 1.84. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.33 and a quick ratio of 1.26.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last announced its quarterly earnings results on Monday, May 19th. The company reported $2.45 EPS for the quarter, beating analysts' consensus estimates of $1.89 by $0.56. The company had revenue of $2.01 billion for the quarter, compared to analysts' expectations 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 period in the prior year, the company posted $0.75 EPS. Equities analysts forecast that ZIM Integrated Shipping Services will post 16.75 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC boosted its holdings 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 buying an additional 1,909,480 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of ZIM Integrated Shipping Services by 20.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,720,986 shares of the company's stock valued at $68,879,000 after acquiring an additional 788,514 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of ZIM Integrated Shipping Services by 33.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,784,352 shares of the company's stock valued at $81,250,000 after acquiring an additional 940,587 shares during the last quarter. American Century Companies Inc. lifted its position in ZIM Integrated Shipping Services by 19.1% in the first quarter. American Century Companies Inc. now owns 2,280,289 shares of the company's stock valued at $33,269,000 after buying an additional 366,205 shares during the last quarter. Finally, Marshall Wace LLP lifted its position in ZIM Integrated Shipping Services by 6.9% in the fourth quarter. Marshall Wace LLP now owns 1,936,666 shares of the company's stock valued at $41,580,000 after buying an additional 124,558 shares during the last quarter. 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.