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

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) has been assigned a consensus recommendation of “Reduce” from the seven ratings firms that are currently covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $15.04.

A number of research firms have commented on ZIM. Jefferies Financial Group decreased their price target on ZIM Integrated Shipping Services from $28.00 to $22.00 and set a “hold” rating on the stock in a report on Tuesday, December 17th. Clarkson Capital raised ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a report on Friday, November 22nd. Fearnley Fonds cut ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a report on Thursday, November 21st. Finally, Barclays decreased their price target on ZIM Integrated Shipping Services from $16.50 to $16.00 and set an “underweight” rating on the stock in a report on Friday, January 10th.

ZIM Integrated Shipping Services Price Performance

NYSE:ZIM opened at $20.21 on Monday. The company has a quick ratio of 1.26, a current ratio of 1.33 and a debt-to-equity ratio of 1.11. The business’s 50-day simple moving average is $19.54 and its two-hundred day simple moving average is $20.66. The stock has a market cap of $2.43 billion, a PE ratio of 1.69, a P/E/G ratio of 0.27 and a beta of 1.74. ZIM Integrated Shipping Services has a 52 week low of $9.08 and a 52 week high of $30.15.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in ZIM. Farther Finance Advisors LLC grew its position in shares of ZIM Integrated Shipping Services by 467.6% during the third quarter. Farther Finance Advisors LLC now owns 2,974 shares of the company’s stock valued at $76,000 after purchasing an additional 2,450 shares in the last quarter. Janney Montgomery Scott LLC grew its position in ZIM Integrated Shipping Services by 2.1% in the third quarter. Janney Montgomery Scott LLC now owns 44,292 shares of the company’s stock worth $1,137,000 after acquiring an additional 915 shares in the last quarter. Van ECK Associates Corp grew its position in ZIM Integrated Shipping Services by 1.6% in the third quarter. Van ECK Associates Corp now owns 38,079 shares of the company’s stock worth $977,000 after acquiring an additional 591 shares in the last quarter. Robeco Institutional Asset Management B.V. purchased a new position in ZIM Integrated Shipping Services in the third quarter worth about $337,000. Finally, American Capital Advisory LLC purchased a new position in ZIM Integrated Shipping Services in the third quarter worth about $69,000. Hedge funds and other institutional investors own 21.42% of the company’s stock.

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.