ZIM Integrated Shipping Services (NYSE:ZIM) Trading 5.2% Higher - What's Next?

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Get Free Report)'s stock price traded up 5.2% during mid-day trading on Monday . The company traded as high as $22.08 and last traded at $22.00. 5,635,374 shares traded hands during mid-day trading, an increase of 3% from the average session volume of 5,463,171 shares. The stock had previously closed at $20.91.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Jefferies Financial Group lowered their target price on ZIM Integrated Shipping Services from $28.00 to $22.00 and set a "hold" rating on the stock in a research report on Tuesday, December 17th. Barclays lowered their target price on ZIM Integrated Shipping Services from $16.50 to $16.00 and set an "underweight" rating on the stock in a research report on Friday, January 10th. Fearnley Fonds downgraded ZIM Integrated Shipping Services from a "hold" rating to a "strong sell" rating in a research report on Thursday, November 21st. Finally, Clarkson Capital raised ZIM Integrated Shipping Services from a "hold" rating to a "strong-buy" rating in a research report on Friday, November 22nd. Five analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, ZIM Integrated Shipping Services presently has an average rating of "Hold" and a consensus price target of $15.04.

ZIM Integrated Shipping Services Trading Down 5.3 %

The business has a 50-day simple moving average of $19.46 and a two-hundred day simple moving average of $20.63. The stock has a market cap of $2.48 billion, a price-to-earnings ratio of 1.73, a P/E/G ratio of 0.27 and a beta of 1.74. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.33 and a quick ratio of 1.26.

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Institutional Investors Weigh In On ZIM Integrated Shipping Services

A number of institutional investors have recently made changes to their positions in the company. Van ECK Associates Corp boosted its holdings in shares of ZIM Integrated Shipping Services by 1.6% during the third quarter. Van ECK Associates Corp now owns 38,079 shares of the company's stock worth $977,000 after acquiring an additional 591 shares during the period. Lazard Asset Management LLC boosted its stake in shares of ZIM Integrated Shipping Services by 4.9% in the fourth quarter. Lazard Asset Management LLC now owns 15,443 shares of the company's stock valued at $331,000 after buying an additional 722 shares during the period. Mark Sheptoff Financial Planning LLC boosted its stake in shares of ZIM Integrated Shipping Services by 26.5% in the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 4,300 shares of the company's stock valued at $92,000 after buying an additional 900 shares during the period. Janney Montgomery Scott LLC boosted its stake in shares of ZIM Integrated Shipping Services by 2.1% in the third quarter. Janney Montgomery Scott LLC now owns 44,292 shares of the company's stock valued at $1,137,000 after buying an additional 915 shares during the period. Finally, Olympiad Research LP boosted its stake in shares of ZIM Integrated Shipping Services by 12.9% in the third quarter. Olympiad Research LP now owns 10,588 shares of the company's stock valued at $272,000 after buying an additional 1,212 shares during the period. Institutional investors own 21.42% of the company's stock.

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.