ZIM Integrated Shipping Services (NYSE:ZIM) Stock Price Up 5.7%

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)’s share price rose 5.7% during trading on Monday . The stock traded as high as $13.65 and last traded at $13.61. Approximately 1,036,699 shares changed hands during trading, a decline of 84% from the average daily volume of 6,338,336 shares. The stock had previously closed at $12.88.

Analyst Ratings Changes

Several research firms have commented on ZIM. JPMorgan Chase & Co. decreased their price target on shares of ZIM Integrated Shipping Services from $9.30 to $9.25 and set a “neutral” rating on the stock in a research note on Friday, March 22nd. Jefferies Financial Group restated a “buy” rating and set a $20.00 target price on shares of ZIM Integrated Shipping Services in a report on Wednesday, March 13th. Finally, Bank of America dropped their target price on shares of ZIM Integrated Shipping Services from $11.00 to $7.80 and set an “underperform” rating for the company in a research report on Tuesday, March 19th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $10.51.

ZIM Integrated Shipping Services Stock Up 5.1 %

The company’s 50 day simple moving average is $10.99 and its 200-day simple moving average is $10.57. The company has a current ratio of 1.02, a quick ratio of 0.95 and a debt-to-equity ratio of 1.35. The firm has a market cap of $1.78 billion, a P/E ratio of -0.65 and a beta of 1.64.

ZIM Integrated Shipping Services (NYSE:ZIM) last released its quarterly earnings results on Wednesday, March 13th. The company reported ($1.23) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.33) by $0.10. ZIM Integrated Shipping Services had a negative return on equity of 16.29% and a negative net margin of 52.22%. The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.23 billion. Research analysts forecast that ZIM Integrated Shipping Services Ltd. will post 0.69 earnings per share for the current fiscal year.

Hedge Funds Weigh In On ZIM Integrated Shipping Services

Institutional investors have recently bought and sold shares of the stock. American Century Companies Inc. raised its position in shares of ZIM Integrated Shipping Services by 12.4% during the 3rd quarter. American Century Companies Inc. now owns 898,491 shares of the company’s stock valued at $9,389,000 after purchasing an additional 99,477 shares during the period. International Assets Investment Management LLC increased its holdings in ZIM Integrated Shipping Services by 1,204.6% during the 4th quarter. International Assets Investment Management LLC now owns 173,712 shares of the company’s stock worth $17,600,000 after purchasing an additional 160,397 shares during the period. Citigroup Inc. increased its position in ZIM Integrated Shipping Services by 77.1% during the 3rd quarter. Citigroup Inc. now owns 5,403 shares of the company’s stock valued at $56,000 after purchasing an additional 2,352 shares during the period. Global Retirement Partners LLC increased its holdings in ZIM Integrated Shipping Services by 17.3% during the fourth quarter. Global Retirement Partners LLC now owns 45,493 shares of the company’s stock valued at $449,000 after buying an additional 6,712 shares during the period. Finally, Blue Trust Inc. lifted its holdings in ZIM Integrated Shipping Services by 604.3% during the fourth quarter. Blue Trust Inc. now owns 4,296 shares of the company’s stock worth $45,000 after buying an additional 3,686 shares during the period. 21.42% of the stock is owned by institutional investors.

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.