Analysts Set ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Target Price at $19.33

Shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) have been assigned an average recommendation of “Hold” from the eight ratings firms that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a strong buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $19.3333.

A number of equities analysts have issued reports on ZIM shares. Barclays increased their price objective on ZIM Integrated Shipping Services from $14.50 to $17.00 and gave the stock an “underweight” rating in a report on Tuesday, June 30th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of ZIM Integrated Shipping Services in a research report on Friday, June 5th. Zacks Research upgraded shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 2nd. Finally, JPMorgan Chase & Co. lifted their price target on shares of ZIM Integrated Shipping Services from $9.00 to $16.50 and gave the company an “underweight” rating in a research report on Tuesday, June 30th.

Insider Buying and Selling at ZIM Integrated Shipping Services

In other ZIM Integrated Shipping Services news, EVP Saar Dotan sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $24.63, for a total transaction of $492,600.00. Following the completion of the transaction, the executive vice president owned 131,667 shares of the company’s stock, valued at approximately $3,242,958.21. This trade represents a 13.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 61,000 shares of company stock worth $1,537,310 over the last ninety days. 1.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. boosted its holdings in ZIM Integrated Shipping Services by 20.1% in the first quarter. Goldman Sachs Group Inc. now owns 4,720,986 shares of the company’s stock worth $68,879,000 after acquiring an additional 788,514 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd bought a new position in shares of ZIM Integrated Shipping Services during the fourth quarter valued at $89,845,000. Meitav Investment House Ltd. increased its holdings in shares of ZIM Integrated Shipping Services by 13.7% during the first quarter. Meitav Investment House Ltd. now owns 3,906,396 shares of the company’s stock valued at $102,934,000 after acquiring an additional 472,092 shares in the last quarter. Y.D. More Investments Ltd raised its position in shares of ZIM Integrated Shipping Services by 378,174.5% in the 4th quarter. Y.D. More Investments Ltd now owns 3,782,745 shares of the company’s stock worth $80,308,000 after purchasing an additional 3,781,745 shares during the last quarter. Finally, Yelin Lapidot Holdings Management Ltd. boosted its stake in ZIM Integrated Shipping Services by 0.6% in the 1st quarter. Yelin Lapidot Holdings Management Ltd. now owns 3,268,773 shares of the company’s stock worth $86,132,000 after purchasing an additional 19,939 shares in the last quarter. Institutional investors own 21.42% of the company’s stock.

ZIM Integrated Shipping Services Price Performance

ZIM stock opened at $24.34 on Thursday. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.19 and a quick ratio of 1.09. ZIM Integrated Shipping Services has a 1 year low of $12.33 and a 1 year high of $29.97. The firm has a 50-day moving average of $25.07 and a 200 day moving average of $25.10. The company has a market cap of $2.93 billion, a P/E ratio of 30.06 and a beta of 1.19.

ZIM Integrated Shipping Services (NYSE:ZIM) last posted its earnings results on Thursday, May 21st. The company reported ($0.72) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.50). The firm had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.48 billion. ZIM Integrated Shipping Services had a negative return on equity of 0.26% and a net margin of 1.56%. On average, sell-side analysts forecast that ZIM Integrated Shipping Services will post 3.15 EPS for the current year.

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.