ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Given Average Rating of “Hold” by Brokerages

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

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

Insider Transactions at ZIM Integrated Shipping Services

In other ZIM Integrated Shipping Services news, EVP Saar Dotan sold 11,000 shares of the business’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $26.11, for a total value of $287,210.00. Following the completion of the sale, the executive vice president directly owned 90,667 shares of the company’s stock, valued at $2,367,315.37. The trade was a 10.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders have sold 61,000 shares of company stock valued at $1,537,310. 1.30% of the stock is owned by insiders.

Institutional Trading of ZIM Integrated Shipping Services

A number of institutional investors have recently modified their holdings of the company. Royal Bank of Canada increased its stake in ZIM Integrated Shipping Services by 8.2% during the 1st quarter. Royal Bank of Canada now owns 40,827 shares of the company’s stock valued at $596,000 after purchasing an additional 3,102 shares in the last quarter. NewEdge Advisors LLC purchased a new stake in ZIM Integrated Shipping Services in the first quarter valued at approximately $210,000. Goldman Sachs Group Inc. increased its holdings in ZIM Integrated Shipping Services by 20.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,720,986 shares of the company’s stock worth $68,879,000 after buying an additional 788,514 shares during the period. Geode Capital Management LLC raised its position in ZIM Integrated Shipping Services by 5.6% during the 2nd quarter. Geode Capital Management LLC now owns 119,218 shares of the company’s stock worth $1,915,000 after buying an additional 6,342 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its position in ZIM Integrated Shipping Services by 505.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 76,738 shares of the company’s stock worth $1,236,000 after buying an additional 64,057 shares during the last quarter. 21.42% of the stock is currently owned by institutional investors.

ZIM Integrated Shipping Services Stock Up 0.5%

Shares of NYSE:ZIM opened at $25.03 on Thursday. The firm has a market capitalization of $3.02 billion, a PE ratio of 30.91 and a beta of 1.19. The business has a 50 day simple moving average of $24.99 and a two-hundred day simple moving average of $25.20. ZIM Integrated Shipping Services has a 1 year low of $12.33 and a 1 year high of $29.97. 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 (NYSE:ZIM) last issued its quarterly earnings results on Thursday, May 21st. The company reported ($0.72) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($0.50). ZIM Integrated Shipping Services had a negative return on equity of 0.26% and a net margin of 1.56%.The business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.48 billion. On average, equities analysts predict 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.