ZIM Integrated Shipping Services Ltd. (NYSE:ZIM – Get Free Report) saw some unusual options trading activity on Wednesday. Stock traders purchased 42,997 call options on the company. This represents an increase of 34% compared to the typical volume of 32,121 call options.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on ZIM shares. Bank of America upped their target price on shares of ZIM Integrated Shipping Services from $12.20 to $13.70 and gave the company an “underperform” rating in a research note on Wednesday, August 28th. Jefferies Financial Group restated a “hold” rating and set a $25.00 target price on shares of ZIM Integrated Shipping Services in a research report on Wednesday. Barclays upped their price target on ZIM Integrated Shipping Services from $12.30 to $13.90 and gave the company an “underweight” rating in a research report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and set a $10.50 price objective on shares of ZIM Integrated Shipping Services in a report on Tuesday, September 10th. Four research analysts have rated the stock with a sell rating and one has assigned a hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $15.22.
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Hedge Funds Weigh In On ZIM Integrated Shipping Services
ZIM Integrated Shipping Services Stock Performance
Shares of NYSE ZIM opened at $27.01 on Thursday. ZIM Integrated Shipping Services has a 12 month low of $6.39 and a 12 month high of $30.15. The stock has a 50 day moving average of $22.55 and a 200-day moving average of $20.38. The company has a current ratio of 1.04, a quick ratio of 0.97 and a debt-to-equity ratio of 1.41. The company has a market capitalization of $3.25 billion, a P/E ratio of -1.66, a P/E/G ratio of 0.04 and a beta of 1.88.
ZIM Integrated Shipping Services (NYSE:ZIM – Get Free Report) last announced its quarterly earnings results on Monday, August 19th. The company reported $3.08 EPS for the quarter, beating analysts’ consensus estimates of $2.07 by $1.01. ZIM Integrated Shipping Services had a negative net margin of 32.81% and a positive return on equity of 2.89%. The business had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same quarter in the prior year, the business earned ($1.37) EPS. As a group, equities research analysts predict that ZIM Integrated Shipping Services will post 13.65 EPS for the current year.
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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