Brokerages Set ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) PT at $15.04

Shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Get Free Report) have been given a consensus rating of "Reduce" by the seven analysts that are currently covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $15.04.

Several equities analysts have recently weighed in on ZIM shares. Jefferies Financial Group reduced their target price on shares of ZIM Integrated Shipping Services from $28.00 to $22.00 and set a "hold" rating for the company in a research note on Tuesday, December 17th. Barclays reduced their target price on shares of ZIM Integrated Shipping Services from $16.50 to $16.00 and set an "underweight" rating for the company in a research note on Friday, January 10th. Clarkson Capital upgraded shares of ZIM Integrated Shipping Services from a "hold" rating to a "strong-buy" rating in a research report on Friday, November 22nd. Finally, Fearnley Fonds lowered shares of ZIM Integrated Shipping Services from a "hold" rating to a "strong sell" rating in a research report on Thursday, November 21st.

Institutional Investors Weigh In On ZIM Integrated Shipping Services

Hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. lifted its position in ZIM Integrated Shipping Services by 59.4% during the third quarter. JPMorgan Chase & Co. now owns 1,811,447 shares of the company's stock valued at $46,482,000 after purchasing an additional 674,723 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in ZIM Integrated Shipping Services during the third quarter valued at approximately $2,612,000. Blueshift Asset Management LLC bought a new stake in ZIM Integrated Shipping Services during the third quarter valued at approximately $620,000. Quantbot Technologies LP lifted its position in ZIM Integrated Shipping Services by 9,573.0% during the third quarter. Quantbot Technologies LP now owns 370,477 shares of the company's stock valued at $9,506,000 after purchasing an additional 366,647 shares during the last quarter. Finally, Decker Retirement Planning Inc. bought a new stake in ZIM Integrated Shipping Services during the fourth quarter valued at approximately $5,509,000. 21.42% of the stock is currently owned by institutional investors.

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ZIM Integrated Shipping Services Stock Performance

Shares of ZIM traded up $0.18 during trading hours on Monday, hitting $19.10. The company's stock had a trading volume of 2,294,401 shares, compared to its average volume of 5,288,201. The company has a market cap of $2.30 billion, a price-to-earnings ratio of 1.61, a PEG ratio of 0.27 and a beta of 1.70. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.33 and a quick ratio of 1.26. The business has a 50 day simple moving average of $19.43 and a two-hundred day simple moving average of $20.66. ZIM Integrated Shipping Services has a 52-week low of $9.08 and a 52-week high of $30.15.

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.