ZIM Integrated Shipping Services (NYSE:ZIM) Raised to “Hold” at Fearnley Fonds

ZIM Integrated Shipping Services (NYSE:ZIM) was upgraded by equities research analysts at Fearnley Fonds from a “strong sell” rating to a “hold” rating in a report released on Friday,Zacks.com reports.

Several other brokerages have also commented on ZIM. Barclays boosted their price target on ZIM Integrated Shipping Services from $13.30 to $13.70 and gave the stock an “underweight” rating in a research note on Friday. Weiss Ratings reiterated a “hold (c)” rating on shares of ZIM Integrated Shipping Services in a research report on Wednesday, October 8th. JPMorgan Chase & Co. lowered their target price on ZIM Integrated Shipping Services from $9.70 to $8.70 and set an “underweight” rating on the stock in a report on Monday, December 1st. Wall Street Zen raised ZIM Integrated Shipping Services from a “sell” rating to a “hold” rating in a research note on Friday, November 28th. Finally, UBS Group set a $9.70 price objective on shares of ZIM Integrated Shipping Services in a research report on Monday, November 24th. Four analysts have rated the stock with a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $14.15.

ZIM Integrated Shipping Services Price Performance

Shares of NYSE ZIM opened at $19.24 on Friday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.22 and a current ratio of 1.30. ZIM Integrated Shipping Services has a one year low of $11.03 and a one year high of $23.61. The firm has a market capitalization of $2.32 billion, a P/E ratio of 2.31 and a beta of 1.70. The company’s fifty day moving average is $16.78 and its two-hundred day moving average is $15.86.

ZIM Integrated Shipping Services (NYSE:ZIM) last announced its quarterly earnings data on Thursday, November 20th. The company reported $1.02 EPS for the quarter, missing the consensus estimate of $1.67 by ($0.65). ZIM Integrated Shipping Services had a net margin of 13.22% and a return on equity of 25.18%. The company had revenue of $1.78 billion during the quarter, compared to analyst estimates of $1.74 billion. Analysts forecast that ZIM Integrated Shipping Services will post 16.75 EPS for the current fiscal year.

Institutional Trading of ZIM Integrated Shipping Services

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Legacy Investment Solutions LLC acquired a new stake in shares of ZIM Integrated Shipping Services during the 2nd quarter worth about $26,000. Edmond DE Rothschild Holding S.A. acquired a new position in shares of ZIM Integrated Shipping Services in the second quarter valued at approximately $37,000. Quarry LP purchased a new position in shares of ZIM Integrated Shipping Services during the third quarter valued at approximately $34,000. Larson Financial Group LLC boosted its position in ZIM Integrated Shipping Services by 158.8% during the third quarter. Larson Financial Group LLC now owns 3,256 shares of the company’s stock worth $44,000 after acquiring an additional 1,998 shares during the last quarter. Finally, Triumph Capital Management acquired a new stake in ZIM Integrated Shipping Services during the third quarter worth approximately $44,000. Hedge funds and other institutional investors own 21.42% of the company’s stock.

About ZIM Integrated Shipping Services

ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) is a global container shipping company specializing in the transportation of dry cargo, refrigerated goods and special project cargo. The company operates a modern fleet of container vessels that call at major ports worldwide, offering scheduled liner services and tailored logistics solutions to exporters, importers and freight forwarders.

Founded in 1945 in Haifa, Israel, ZIM has grown from a regional carrier into a worldwide operator through a series of strategic partnerships, fleet expansions and network enhancements.