ZIM Integrated Shipping Services (NYSE:ZIM) Trading 6.9% Higher - Time to Buy?

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Get Free Report)'s stock price traded up 6.9% during trading on Thursday . The company traded as high as $20.65 and last traded at $20.23. 5,926,192 shares were traded during mid-day trading, an increase of 12% from the average session volume of 5,303,732 shares. The stock had previously closed at $18.92.

Wall Street Analyst Weigh In

Several brokerages recently commented on ZIM. Fearnley Fonds downgraded shares of ZIM Integrated Shipping Services from a "hold" rating to a "strong sell" rating in a report on Thursday, November 21st. Clarkson Capital upgraded ZIM Integrated Shipping Services from a "hold" rating to a "strong-buy" rating in a report on Friday, November 22nd. JPMorgan Chase & Co. lowered their price objective on shares of ZIM Integrated Shipping Services from $10.00 to $9.50 and set an "underweight" rating on the stock in a research note on Friday. Barclays cut 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. Finally, Jefferies Financial Group dropped their price objective on shares of ZIM Integrated Shipping Services from $28.00 to $22.00 and set a "hold" rating on the stock in a report on Tuesday, December 17th. Five research analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a strong buy rating to the stock. According to MarketBeat, ZIM Integrated Shipping Services presently has an average rating of "Hold" and a consensus target price of $14.84.

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ZIM Integrated Shipping Services Stock Down 0.5 %

The company has a current ratio of 1.33, a quick ratio of 1.26 and a debt-to-equity ratio of 1.11. The business's fifty day moving average price is $19.37 and its 200 day moving average price is $20.62. The company has a market capitalization of $2.49 billion, a P/E ratio of 1.73, a P/E/G ratio of 0.27 and a beta of 1.70.

Institutional Trading of ZIM Integrated Shipping Services

Several institutional investors have recently bought and sold shares of ZIM. Altshuler Shaham Ltd increased its position in shares of ZIM Integrated Shipping Services by 650.0% during the 4th quarter. Altshuler Shaham Ltd now owns 1,500 shares of the company's stock worth $32,000 after purchasing an additional 1,300 shares in the last quarter. Employees Retirement System of Texas acquired a new position in ZIM Integrated Shipping Services during the 4th quarter worth $45,000. Sunbelt Securities Inc. acquired a new position in shares of ZIM Integrated Shipping Services during the third quarter valued at $71,000. Farther Finance Advisors LLC raised its holdings in ZIM Integrated Shipping Services by 467.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,974 shares of the company's stock worth $76,000 after purchasing an additional 2,450 shares during the last quarter. Finally, Brown Brothers Harriman & Co. bought a new position in shares of ZIM Integrated Shipping Services in the 4th quarter valued at about $79,000. Institutional investors and hedge funds 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.