ZIM Integrated Shipping Services (NYSE:ZIM) Upgraded at Clarkson Capital

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) was upgraded by investment analysts at Clarkson Capital from a "hold" rating to a "strong-buy" rating in a report issued on Friday,Zacks.com reports.

Several other research analysts have also commented on ZIM. JPMorgan Chase & Co. reiterated an "underweight" rating and set a $10.50 price target on shares of ZIM Integrated Shipping Services in a report on Tuesday, September 10th. Jefferies Financial Group reiterated a "hold" rating and issued a $25.00 target price on shares of ZIM Integrated Shipping Services in a report on Wednesday, November 20th. Bank of America increased their price target on shares of ZIM Integrated Shipping Services from $12.20 to $13.70 and gave the company an "underperform" rating in a research note on Wednesday, August 28th. 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, Barclays increased their price target on ZIM Integrated Shipping Services from $13.90 to $16.50 and gave the stock an "underweight" rating in a report on Monday. Five analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, ZIM Integrated Shipping Services presently has a consensus rating of "Hold" and a consensus target price of $15.74.

ZIM Integrated Shipping Services Price Performance

Shares of NYSE ZIM traded down $1.13 during trading on Friday, hitting $21.10. The company had a trading volume of 10,191,898 shares, compared to its average volume of 6,201,617. The firm has a market capitalization of $2.54 billion, a price-to-earnings ratio of 1.77, a price-to-earnings-growth ratio of 0.05 and a beta of 1.88. The stock has a fifty day simple moving average of $22.88 and a two-hundred day simple moving average of $20.63. The company has a quick ratio of 1.26, a current ratio of 1.33 and a debt-to-equity ratio of 1.11. ZIM Integrated Shipping Services has a fifty-two week low of $6.39 and a fifty-two week high of $30.15.

Hedge Funds Weigh In On ZIM Integrated Shipping Services

Several institutional investors have recently bought and sold shares of the company. Fairman Group LLC acquired a new stake in ZIM Integrated Shipping Services in the 3rd quarter valued at about $26,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in ZIM Integrated Shipping Services in the third quarter worth approximately $31,000. Northwestern Mutual Wealth Management Co. grew its holdings in ZIM Integrated Shipping Services by 2,341.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,929 shares of the company's stock worth $43,000 after acquiring an additional 1,850 shares in the last quarter. American Capital Advisory LLC acquired a new position in ZIM Integrated Shipping Services during the 3rd quarter worth approximately $69,000. Finally, Sunbelt Securities Inc. purchased a new stake in shares of ZIM Integrated Shipping Services in the 3rd quarter valued at approximately $71,000. 21.42% of the stock is owned by institutional investors and hedge funds.

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.