ZIM Integrated Shipping Services (NYSE:ZIM) Rating Increased to Hold at Barclays

Barclays upgraded shares of ZIM Integrated Shipping Services (NYSE:ZIM) from a strong sell rating to a hold rating in a report issued on Monday morning, Marketbeat Ratings reports. They currently have $30.00 price objective on the stock.

Several other analysts have also recently issued reports on ZIM. Zacks Research cut shares of ZIM Integrated Shipping Services from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 31st. JPMorgan Chase & Co. upped their price target on ZIM Integrated Shipping Services from $9.00 to $16.50 and gave the stock an “underweight” rating in a report on Tuesday, June 30th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of ZIM Integrated Shipping Services in a research report on Wednesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $21.50.

ZIM Integrated Shipping Services Trading Up 0.7%

Shares of ZIM Integrated Shipping Services stock opened at $29.77 on Monday. ZIM Integrated Shipping Services has a 1 year low of $12.33 and a 1 year high of $30.40. The company has a market capitalization of $3.59 billion, a P/E ratio of 25.89 and a beta of 1.18. The business has a 50 day moving average price of $26.49 and a 200 day moving average price of $26.30. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.24 and a quick ratio of 1.15.

ZIM Integrated Shipping Services (NYSE:ZIM) last issued its quarterly earnings data on Thursday, August 20th. The company reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.27). The company had revenue of $1.78 billion during the quarter, compared to analysts’ expectations of $1.79 billion. ZIM Integrated Shipping Services had a net margin of 2.15% and a return on equity of 1.11%. Sell-side analysts anticipate that ZIM Integrated Shipping Services will post 3.15 EPS for the current fiscal year.

Insider Activity

In other ZIM Integrated Shipping Services news, Director Birger Meyer-Gloeckner sold 1,531 shares of the company’s stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $28.50, for a total value of $43,633.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Assaf Tiran sold 2,312 shares of the stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $30.21, for a total transaction of $69,845.52. The SEC filing for this sale provides additional information. Insiders have sold 288,851 shares of company stock worth $8,183,073 over the last ninety days. 1.30% of the stock is currently owned by company insiders.

Institutional Trading of ZIM Integrated Shipping Services

A number of hedge funds have recently bought and sold shares of the company. Value Base Ltd. bought a new stake in shares of ZIM Integrated Shipping Services during the 4th quarter worth $1,316,000. Yelin Lapidot Holdings Management Ltd. raised its stake in shares of ZIM Integrated Shipping Services by 1.2% in the second quarter. Yelin Lapidot Holdings Management Ltd. now owns 3,308,773 shares of the company’s stock valued at $86,028,000 after purchasing an additional 40,000 shares in the last quarter. Sagil Capital LLP bought a new stake in ZIM Integrated Shipping Services in the 4th quarter valued at $1,486,000. Weiss Asset Management LP acquired a new position in ZIM Integrated Shipping Services in the first quarter worth about $7,283,000. Finally, Global Retirement Partners LLC bought a new position in shares of ZIM Integrated Shipping Services during the 2nd quarter worth approximately $1,023,000. 21.42% of the stock is owned by hedge funds and other institutional investors.

About ZIM Integrated Shipping Services

ZIM Integrated Shipping Services Ltd. is a global container liner company headquartered in Haifa, Israel. The company provides ocean transportation for containerized cargo, connecting ports and commercial markets across major international trade routes.

ZIM’s services include scheduled container shipping, cargo transportation, and related logistics solutions. Its offerings support a range of cargo types, including dry goods, refrigerated products, hazardous materials, and vehicles. The company also provides digital tools and customer services designed to support booking, shipment management, documentation, and supply-chain visibility.

Founded in 1945, ZIM has developed from an Israeli shipping company into an international carrier serving customers through a network of vessels, ports, terminals, and logistics partners.