ZIM Integrated Shipping Services (NYSE:ZIM) Receives Hold (C) Rating from Weiss Ratings

Key Points

• ZIM Integrated Shipping Services has received a "hold (C)" rating from Weiss Ratings, while other analysts have rated it as "sell," reflecting mixed sentiments about the stock's performance.
• The company's stock was down 1.5% to $13.58, with an average target price set at $14.62 amidst a current rating of "Strong Sell" from analysts.
• ZIM reported earnings per share of $0.19 in its last quarterly results, significantly missing the consensus estimate of $1.50, which has raised concerns among investors.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report)'s stock had its "hold (c)" rating reiterated by analysts at Weiss Ratings in a report released on Friday,Weiss Ratings reports.

Several other research analysts have also weighed in on the company. Wall Street Zen lowered ZIM Integrated Shipping Services from a "hold" rating to a "sell" rating in a research report on Friday, August 22nd. JPMorgan Chase & Co. upped their target price on ZIM Integrated Shipping Services from $9.80 to $10.00 and gave the stock an "underweight" rating in a research report on Tuesday, September 30th. Citigroup reiterated a "sell" rating on shares of ZIM Integrated Shipping Services in a research note on Monday, August 11th. Jefferies Financial Group reiterated a "hold" rating and set a $17.00 price target on shares of ZIM Integrated Shipping Services in a research note on Wednesday, August 20th. Finally, Barclays decreased their price target on ZIM Integrated Shipping Services from $14.80 to $13.30 and set an "underweight" rating for the company in a research note on Thursday, August 28th. Three analysts have rated the stock with a Hold rating and five have given a Sell rating to the company's stock. Based on data from MarketBeat, ZIM Integrated Shipping Services currently has an average rating of "Strong Sell" and an average target price of $14.62.

ZIM Integrated Shipping Services Stock Down 1.5%

ZIM stock traded down $0.21 during mid-day trading on Friday, hitting $13.58. The stock had a trading volume of 1,011,856 shares, compared to its average volume of 5,831,638. The company has a current ratio of 1.20, a quick ratio of 1.11 and a debt-to-equity ratio of 1.20. ZIM Integrated Shipping Services has a 1-year low of $11.03 and a 1-year high of $30.15. The company has a fifty day moving average of $13.97 and a 200 day moving average of $15.25. The stock has a market capitalization of $1.63 billion, a price-to-earnings ratio of 0.82 and a beta of 1.72.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last issued its earnings results on Wednesday, August 20th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $1.50 by ($1.31). ZIM Integrated Shipping Services had a return on equity of 50.61% and a net margin of 23.37%.The firm had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.84 billion. On average, equities analysts expect that ZIM Integrated Shipping Services will post 16.75 EPS for the current fiscal year.

Institutional Trading of ZIM Integrated Shipping Services

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Legacy Investment Solutions LLC acquired a new stake in ZIM Integrated Shipping Services in the 2nd quarter valued at approximately $26,000. New York State Common Retirement Fund bought a new stake in shares of ZIM Integrated Shipping Services in the 1st quarter worth approximately $30,000. Edmond DE Rothschild Holding S.A. bought a new stake in shares of ZIM Integrated Shipping Services in the 2nd quarter worth approximately $37,000. Allworth Financial LP lifted its position in shares of ZIM Integrated Shipping Services by 230.6% in the 2nd quarter. Allworth Financial LP now owns 3,637 shares of the company's stock worth $59,000 after acquiring an additional 2,537 shares during the period. Finally, Mark Sheptoff Financial Planning LLC lifted its position in shares of ZIM Integrated Shipping Services by 206.7% in the 2nd quarter. Mark Sheptoff Financial Planning LLC now owns 4,600 shares of the company's stock worth $74,000 after acquiring an additional 3,100 shares during the period. Institutional investors and hedge funds own 21.42% of the company's stock.

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.

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