ZIM Integrated Shipping Services (ZIM) Set to Announce Quarterly Earnings on Monday

ZIM Integrated Shipping Services (NYSE:ZIM – Get Rating) is set to announce its earnings results before the market opens on Monday, March 13th. Analysts expect ZIM Integrated Shipping Services to post earnings of $2.26 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

ZIM Integrated Shipping Services Trading Down 3.3 %

Shares of ZIM stock opened at $19.57 on Friday. ZIM Integrated Shipping Services has a 1-year low of $16.23 and a 1-year high of $91.23. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.58 and a quick ratio of 1.50. The business’s fifty day moving average price is $20.17 and its 200 day moving average price is $23.42. The firm has a market capitalization of $2.35 billion, a PE ratio of 0.40 and a beta of 2.19.

Hedge Funds Weigh In On ZIM Integrated Shipping Services

Several hedge funds and other institutional investors have recently modified their holdings of ZIM. Coppell Advisory Solutions Corp. acquired a new stake in ZIM Integrated Shipping Services in the 4th quarter valued at $38,000. PNC Financial Services Group Inc. raised its holdings in shares of ZIM Integrated Shipping Services by 105.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,321 shares of the company’s stock valued at $57,000 after buying an additional 1,705 shares during the period. Steward Partners Investment Advisory LLC lifted its position in ZIM Integrated Shipping Services by 98.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,466 shares of the company’s stock worth $60,000 after acquiring an additional 1,718 shares in the last quarter. State of Wyoming purchased a new position in ZIM Integrated Shipping Services in the 4th quarter worth approximately $77,000. Finally, Geneos Wealth Management Inc. purchased a new position in ZIM Integrated Shipping Services in the 1st quarter worth approximately $112,000. 36.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on ZIM shares. Jefferies Financial Group reduced their price objective on shares of ZIM Integrated Shipping Services from $21.00 to $20.00 and set a “hold” rating for the company in a research note on Tuesday, February 7th. Barclays lowered ZIM Integrated Shipping Services from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $26.50 to $15.00 in a research note on Monday, February 13th. Finally, JPMorgan Chase & Co. raised ZIM Integrated Shipping Services from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $17.60 to $30.40 in a research note on Friday, February 17th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $27.08.

ZIM Integrated Shipping Services Company Profile

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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.