ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Receives Consensus Rating of “Reduce” from Brokerages

Shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) have earned a consensus rating of “Reduce” from the four research firms that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $10.51.

ZIM has been the topic of several research analyst reports. Jefferies Financial Group reiterated a “buy” rating and issued a $20.00 price objective on shares of ZIM Integrated Shipping Services in a report on Wednesday, March 13th. Bank of America cut their price target on shares of ZIM Integrated Shipping Services from $11.00 to $7.80 and set an “underperform” rating on the stock in a research note on Tuesday, March 19th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of ZIM Integrated Shipping Services from $9.30 to $9.25 and set a “neutral” rating for the company in a research note on Friday, March 22nd.

ZIM Integrated Shipping Services Trading Down 5.6 %

Shares of ZIM stock opened at $10.09 on Friday. The company has a 50-day moving average of $11.18 and a two-hundred day moving average of $10.30. The firm has a market cap of $1.21 billion, a PE ratio of -0.45 and a beta of 1.84. ZIM Integrated Shipping Services has a 1-year low of $6.39 and a 1-year high of $21.89. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.02 and a quick ratio of 0.95.

ZIM Integrated Shipping Services (NYSE:ZIM) last posted its quarterly earnings data on Wednesday, March 13th. The company reported ($1.23) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.33) by $0.10. The firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.23 billion. ZIM Integrated Shipping Services had a negative net margin of 52.22% and a negative return on equity of 16.29%. On average, analysts predict that ZIM Integrated Shipping Services will post 0.33 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. American Century Companies Inc. lifted its position in shares of ZIM Integrated Shipping Services by 12.4% during the 3rd quarter. American Century Companies Inc. now owns 898,491 shares of the company’s stock worth $9,389,000 after purchasing an additional 99,477 shares during the last quarter. Citigroup Inc. increased its holdings in shares of ZIM Integrated Shipping Services by 77.1% in the 3rd quarter. Citigroup Inc. now owns 5,403 shares of the company’s stock valued at $56,000 after acquiring an additional 2,352 shares during the last quarter. Global Retirement Partners LLC increased its holdings in shares of ZIM Integrated Shipping Services by 17.3% in the 4th quarter. Global Retirement Partners LLC now owns 45,493 shares of the company’s stock valued at $449,000 after acquiring an additional 6,712 shares during the last quarter. Blue Trust Inc. raised its position in shares of ZIM Integrated Shipping Services by 604.3% during the 4th quarter. Blue Trust Inc. now owns 4,296 shares of the company’s stock worth $45,000 after acquiring an additional 3,686 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its stake in ZIM Integrated Shipping Services by 1,204.6% during the fourth quarter. International Assets Investment Management LLC now owns 173,712 shares of the company’s stock worth $17,600,000 after purchasing an additional 160,397 shares during the last quarter. Hedge funds and other institutional investors own 21.42% of the company’s stock.

About ZIM Integrated Shipping Services

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.