Barclays Forecasts Strong Price Appreciation for ZIM Integrated Shipping Services (NYSE:ZIM) Stock

ZIM Integrated Shipping Services (NYSE:ZIM) had its price target increased by investment analysts at Barclays from $13.90 to $16.50 in a report released on Monday,Benzinga reports. The firm presently has an “underweight” rating on the stock. Barclays‘s price target points to a potential downside of 21.80% from the stock’s current price.

Several other equities research analysts have also recently issued reports on ZIM. Fearnley Fonds lowered shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a report on Thursday, November 21st. Jefferies Financial Group restated a “hold” rating and issued a $25.00 price target on shares of ZIM Integrated Shipping Services in a report on Wednesday, November 20th. JPMorgan Chase & Co. restated an “underweight” rating and issued a $10.50 price target on shares of ZIM Integrated Shipping Services in a report on Tuesday, September 10th. Finally, Bank of America raised their price target on shares of ZIM Integrated Shipping Services from $12.20 to $13.70 and gave the company an “underperform” rating in a report on Wednesday, August 28th. Five research analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, ZIM Integrated Shipping Services presently has an average rating of “Hold” and a consensus target price of $15.74.

ZIM Integrated Shipping Services Price Performance

ZIM Integrated Shipping Services stock opened at $21.10 on Monday. ZIM Integrated Shipping Services has a 12-month low of $6.39 and a 12-month high of $30.15. The stock has a market capitalization of $2.54 billion, a P/E ratio of 1.77, a P/E/G ratio of 0.05 and a beta of 1.88. The firm’s 50-day moving average is $22.88 and its two-hundred day moving average is $20.63. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.33 and a quick ratio of 1.26.

Institutional Trading of ZIM Integrated Shipping Services

Institutional investors and hedge funds have recently bought and sold shares of the stock. Virtu Financial LLC purchased a new position in ZIM Integrated Shipping Services during the 3rd quarter valued at about $893,000. Sunbelt Securities Inc. purchased a new position in ZIM Integrated Shipping Services during the 3rd quarter valued at about $71,000. Geode Capital Management LLC grew its stake in ZIM Integrated Shipping Services by 3.4% during the 3rd quarter. Geode Capital Management LLC now owns 88,086 shares of the company’s stock valued at $2,260,000 after acquiring an additional 2,873 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in ZIM Integrated Shipping Services during the 3rd quarter valued at about $3,364,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in ZIM Integrated Shipping Services during the 3rd quarter valued at about $2,612,000. Institutional investors and hedge funds 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.