ZIM Integrated Shipping Services (NYSE:ZIM) Trading Up 5.7%

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

Analyst Upgrades and Downgrades

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

ZIM Integrated Shipping Services Trading Up 5.1 %

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

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

Hedge Funds Weigh In On ZIM Integrated Shipping Services

Hedge funds and other institutional investors have recently made changes to their positions in the business. Cambridge Investment Research Advisors Inc. lifted its stake in ZIM Integrated Shipping Services by 83.2% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 38,920 shares of the company’s stock worth $407,000 after purchasing an additional 17,675 shares during the period. Raymond James & Associates grew its position in ZIM Integrated Shipping Services by 164.8% in the third quarter. Raymond James & Associates now owns 26,508 shares of the company’s stock valued at $277,000 after acquiring an additional 16,499 shares during the period. Raymond James Financial Services Advisors Inc. grew its stake in ZIM Integrated Shipping Services by 24.1% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 65,890 shares of the company’s stock worth $689,000 after buying an additional 12,808 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of ZIM Integrated Shipping Services by 27.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,852 shares of the company’s stock worth $239,000 after purchasing an additional 4,894 shares in the last quarter. Finally, Clear Harbor Asset Management LLC bought a new stake in ZIM Integrated Shipping Services in the third quarter valued at approximately $721,000. 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.