ZIM Integrated Shipping Services (NYSE:ZIM) Raised to “Strong-Buy” at Fearnley Fonds

ZIM Integrated Shipping Services (NYSE:ZIMGet Free Report) was upgraded by Fearnley Fonds from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Wednesday,Zacks.com reports.

Other equities analysts have also issued research reports about the company. Jefferies Financial Group lifted their price target on ZIM Integrated Shipping Services from $15.00 to $20.00 and gave the company a “hold” rating in a research note on Monday, December 8th. Citigroup raised ZIM Integrated Shipping Services from a “sell” rating to a “neutral” rating and upped their target price for the stock from $11.50 to $31.80 in a research note on Thursday. Barclays lifted their price target on shares of ZIM Integrated Shipping Services from $13.30 to $13.70 and gave the company an “underweight” rating in a research note on Friday, December 19th. JPMorgan Chase & Co. decreased their price objective on shares of 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. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $21.00 target price on shares of ZIM Integrated Shipping Services in a research note on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $17.21.

Get Our Latest Analysis on ZIM

ZIM Integrated Shipping Services Trading Up 0.5%

NYSE:ZIM opened at $29.16 on Wednesday. The company has a current ratio of 1.30, a quick ratio of 1.22 and a debt-to-equity ratio of 1.12. The firm has a fifty day simple moving average of $21.91 and a 200-day simple moving average of $17.66. ZIM Integrated Shipping Services has a 12 month low of $11.03 and a 12 month high of $29.97. The company has a market capitalization of $3.51 billion, a P/E ratio of 3.51 and a beta of 1.70.

ZIM Integrated Shipping Services (NYSE:ZIMGet Free Report) last released 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). The business had revenue of $1.78 billion during the quarter, compared to analysts’ expectations of $1.74 billion. ZIM Integrated Shipping Services had a net margin of 13.22% and a return on equity of 25.18%. On average, equities research analysts anticipate that ZIM Integrated Shipping Services will post 16.75 earnings per share for the current year.

Institutional Trading of ZIM Integrated Shipping Services

A number of institutional investors have recently made changes to their positions in ZIM. Hoey Investments Inc. acquired a new stake in ZIM Integrated Shipping Services in the fourth quarter worth approximately $25,000. Lodestone Wealth Management LLC bought a new stake in shares of ZIM Integrated Shipping Services during the 4th quarter worth $29,000. Legacy Investment Solutions LLC purchased a new stake in shares of ZIM Integrated Shipping Services during the second quarter valued at $26,000. Huntington National Bank increased its stake in ZIM Integrated Shipping Services by 200,000.0% in the 4th quarter. Huntington National Bank now owns 2,001 shares of the company’s stock worth $42,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. purchased a new stake in ZIM Integrated Shipping Services during the second quarter valued at about $37,000. 21.42% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting ZIM Integrated Shipping Services

Here are the key news stories impacting ZIM Integrated Shipping Services this week:

About ZIM Integrated Shipping Services

(Get Free Report)

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.

Featured Stories

Analyst Recommendations for ZIM Integrated Shipping Services (NYSE:ZIM)

Receive News & Ratings for ZIM Integrated Shipping Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ZIM Integrated Shipping Services and related companies with MarketBeat.com's FREE daily email newsletter.