ZIM Integrated Shipping Services (NYSE:ZIM) Stock Rating Lowered by Wall Street Zen

Key Points

• ZIM Integrated Shipping Services’ stock has been downgraded from a "hold" to a "sell" rating by Wall Street Zen, reflecting a bearish outlook among analysts.
• Multiple analysts have recently set target prices for ZIM, with Barclays raising theirs to $14.80 while Citigroup maintained a "sell" rating.
• The company reported earnings of $0.19 per share, significantly below the consensus estimate of $1.50, indicating financial challenges ahead.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a note issued to investors on Friday.

A number of other research analysts have also recently commented on the company. Barclays raised their target price on ZIM Integrated Shipping Services from $14.20 to $14.80 and gave the company an "underweight" rating in a research note on Friday, June 27th. JPMorgan Chase & Co. increased their price objective on ZIM Integrated Shipping Services from $9.50 to $9.80 and gave the stock an "underweight" rating in a report on Friday. Jefferies Financial Group restated a "hold" rating and set a $17.00 target price on shares of ZIM Integrated Shipping Services in a report on Wednesday. Citigroup reaffirmed a "sell" rating on shares of ZIM Integrated Shipping Services in a research report on Monday, August 11th. Finally, Clarkson Capital lowered 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 note on Tuesday, May 20th. Two research analysts have rated the stock with a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Strong Sell" and a consensus target price of $14.88.

ZIM Integrated Shipping Services Stock Performance

NYSE:ZIM opened at $14.3350 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.20 and a debt-to-equity ratio of 1.20. ZIM Integrated Shipping Services has a twelve month low of $11.03 and a twelve month high of $30.15. The stock has a market cap of $1.73 billion, a P/E ratio of 0.86, a price-to-earnings-growth ratio of 0.20 and a beta of 1.75. The firm's fifty day simple moving average is $16.14 and its 200 day simple moving average is $16.67.

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

Institutional Trading of ZIM Integrated Shipping Services

Several large investors have recently modified their holdings of ZIM. B. Riley Wealth Advisors Inc. purchased a new stake in ZIM Integrated Shipping Services during the second quarter valued at $453,000. Marex Group plc bought a new stake in ZIM Integrated Shipping Services during the second quarter valued at approximately $415,000. Advisory Services Network LLC increased its holdings in ZIM Integrated Shipping Services by 22.0% during the second quarter. Advisory Services Network LLC now owns 39,742 shares of the company's stock valued at $630,000 after buying an additional 7,169 shares during the last quarter. State of Wyoming boosted its stake in shares of ZIM Integrated Shipping Services by 25.6% during the 2nd quarter. State of Wyoming now owns 32,237 shares of the company's stock worth $519,000 after acquiring an additional 6,567 shares during the last quarter. Finally, Headlands Technologies LLC purchased a new position in shares of ZIM Integrated Shipping Services during the 2nd quarter worth $97,000. Institutional investors 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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