ZIM Integrated Shipping Services (NYSE:ZIM) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

ZIM Integrated Shipping Services (NYSE:ZIM) had its price objective increased by equities researchers at JPMorgan Chase & Co. from $9.50 to $9.80 in a report issued on Friday,Benzinga reports. The firm presently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential downside of 31.64% from the stock’s previous close.

ZIM has been the topic of several other reports. Jefferies Financial Group reaffirmed a “hold” rating and issued a $17.00 price target on shares of ZIM Integrated Shipping Services in a report on Wednesday. Citigroup reiterated a “sell” rating on shares of ZIM Integrated Shipping Services in a research note on Monday, August 11th. Barclays lifted their price objective on shares of ZIM Integrated Shipping Services from $14.20 to $14.80 and gave the stock an “underweight” rating in a research note on Friday, June 27th. Finally, Clarkson Capital downgraded shares of ZIM Integrated Shipping Services from a “buy” rating to a “neutral” rating and set a $20.00 price objective for the company. in a research note on Tuesday, May 20th. Two analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Strong Sell” and an average price target of $14.88.

ZIM Integrated Shipping Services Price Performance

NYSE ZIM opened at $14.3350 on Friday. The firm’s fifty day simple moving average is $16.14 and its two-hundred day simple moving average is $16.66. The company has a current ratio of 1.20, a quick ratio of 1.10 and a debt-to-equity ratio of 1.20. ZIM Integrated Shipping Services has a 12-month low of $11.03 and a 12-month high of $30.15. The firm has a market capitalization of $1.73 billion, a P/E ratio of 0.86, a P/E/G ratio of 0.19 and a beta of 1.75.

ZIM Integrated Shipping Services (NYSE:ZIM) last released its quarterly earnings results on Wednesday, August 20th. The company reported $0.19 earnings per share (EPS) 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 analysts’ expectations of $1.84 billion. Analysts forecast that ZIM Integrated Shipping Services will post 16.75 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Legacy Investment Solutions LLC acquired a new position in ZIM Integrated Shipping Services during the second quarter valued at $26,000. New York State Common Retirement Fund acquired a new position in ZIM Integrated Shipping Services during the first quarter valued at $30,000. Employees Retirement System of Texas acquired a new position in ZIM Integrated Shipping Services during the fourth quarter valued at $45,000. Edmond DE Rothschild Holding S.A. acquired a new position in ZIM Integrated Shipping Services during the second quarter valued at $37,000. Finally, Allworth Financial LP lifted its position in ZIM Integrated Shipping Services by 230.6% during the second quarter. Allworth Financial LP now owns 3,637 shares of the company’s stock valued at $59,000 after purchasing an additional 2,537 shares during the period. 21.42% of the stock is currently owned by institutional investors and hedge funds.

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.