ZIM Integrated Shipping Services (NYSE:ZIM) Hits New 52-Week High at $29.34


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ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) shares hit a new 52-week high on Thursday . The company traded as high as $29.34 and last traded at $28.80, with a volume of 32436 shares trading hands. The stock had previously closed at $27.38.

A number of equities research analysts have weighed in on ZIM shares. Clarkson Capital boosted their target price on shares of ZIM Integrated Shipping Services from $30.00 to $38.00 and gave the company a “buy” rating in a research note on Monday, March 22nd. Jefferies Financial Group boosted their target price on shares of ZIM Integrated Shipping Services from $30.00 to $35.00 and gave the company a “buy” rating in a research note on Monday, March 29th. Barclays started coverage on shares of ZIM Integrated Shipping Services in a research note on Monday, March 1st. They set an “equal weight” rating and a $20.00 target price for the company. Citigroup initiated coverage on shares of ZIM Integrated Shipping Services in a research note on Tuesday, February 23rd. They set a “buy” rating and a $28.00 target price for the company. Finally, The Goldman Sachs Group initiated coverage on shares of ZIM Integrated Shipping Services in a research report on Monday, February 22nd. They set a “neutral” rating for the company. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. ZIM Integrated Shipping Services presently has an average rating of “Buy” and a consensus price target of $30.25.

The stock has a fifty day simple moving average of $23.28.

ZIM Integrated Shipping Services (NYSE:ZIM) last issued its earnings results on Sunday, March 21st. The company reported $3.48 earnings per share for the quarter, missing the consensus estimate of $3.72 by ($0.24). The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.10 billion.

ZIM Integrated Shipping Services Company Profile (NYSE:ZIM)

ZIM Integrated Shipping Services Ltd., together with its subsidiaries, provides container shipping and related services. The company offers dry, reefer, project, out of gauge, breakbulk, and dangerous cargo services; inland transport services; and ZIMonitor, an application that provides containers' information.

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