ZIM Integrated Shipping Services (NYSE:ZIM) Reaches New 1-Year High – Time to Buy?

Shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $30.44 and last traded at $30.2950, with a volume of 270068 shares changing hands. The stock had previously closed at $30.10.

Analyst Ratings Changes

A number of research firms have recently commented on ZIM. Zacks Research downgraded shares of ZIM Integrated Shipping Services from a “strong-buy” rating to a “hold” rating in a report on Monday, August 31st. Barclays set a $30.00 target price on shares of ZIM Integrated Shipping Services and gave the company an “equal weight” rating in a research note on Monday, September 14th. JPMorgan Chase & Co. increased their price target on shares of ZIM Integrated Shipping Services from $9.00 to $16.50 and gave the stock an “underweight” rating in a research report on Tuesday, June 30th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of ZIM Integrated Shipping Services in a research note on Wednesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $21.50.

ZIM Integrated Shipping Services Stock Up 0.1%

The firm has a market capitalization of $3.67 billion, a price-to-earnings ratio of 26.51 and a beta of 1.18. The company has a current ratio of 1.24, a quick ratio of 1.15 and a debt-to-equity ratio of 1.09. The firm has a fifty day moving average price of $27.20 and a 200 day moving average price of $26.35.

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

Insider Activity at ZIM Integrated Shipping Services

In related news, EVP Xavier Destriau sold 12,084 shares of ZIM Integrated Shipping Services stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $28.80, for a total value of $348,019.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Birger Meyer-Gloeckner sold 1,531 shares of the company’s stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $28.50, for a total transaction of $43,633.50. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 320,122 shares of company stock valued at $9,114,905. 1.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On ZIM Integrated Shipping Services

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State Street Corp lifted its position in ZIM Integrated Shipping Services by 2.9% during the 2nd quarter. State Street Corp now owns 1,485,508 shares of the company’s stock valued at $38,623,000 after purchasing an additional 41,735 shares during the period. WINTON GROUP Ltd acquired a new stake in shares of ZIM Integrated Shipping Services during the 2nd quarter worth approximately $679,000. Cidel Asset Management Inc. grew its position in shares of ZIM Integrated Shipping Services by 7.1% during the 2nd quarter. Cidel Asset Management Inc. now owns 13,271 shares of the company’s stock worth $345,000 after buying an additional 883 shares during the period. Integrated Wealth Concepts LLC raised its stake in shares of ZIM Integrated Shipping Services by 9.2% during the second quarter. Integrated Wealth Concepts LLC now owns 17,507 shares of the company’s stock worth $455,000 after buying an additional 1,468 shares during the last quarter. Finally, Amundi raised its stake in shares of ZIM Integrated Shipping Services by 5.3% during the second quarter. Amundi now owns 12,213 shares of the company’s stock worth $318,000 after buying an additional 612 shares during the last quarter. Institutional investors and hedge funds own 21.42% of the company’s stock.

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.