ZIM Integrated Shipping Services (NYSE:ZIM) Upgraded by Clarkson Capital to Strong-Buy Rating

ZIM Integrated Shipping Services (NYSE:ZIM) was upgraded by investment analysts at Clarkson Capital from a “hold” rating to a “strong-buy” rating in a note issued to investors on Friday,Zacks.com reports.

Several other equities research analysts have also recently commented on the company. Fearnley Fonds cut ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 21st. Barclays boosted their target price on shares of ZIM Integrated Shipping Services from $13.90 to $16.50 and gave the stock an “underweight” rating in a research report on Monday. Bank of America raised 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 report on Wednesday, August 28th. Jefferies Financial Group reiterated a “hold” rating and issued a $25.00 price objective on shares of ZIM Integrated Shipping Services in a report on Wednesday, November 20th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and set a $10.50 target price on shares of ZIM Integrated Shipping Services in a research report on Tuesday, September 10th. Five research analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a strong buy rating to the stock. According to MarketBeat, ZIM Integrated Shipping Services has a consensus rating of “Hold” and an average price target of $15.74.

ZIM Integrated Shipping Services Price Performance

ZIM opened at $22.24 on Friday. The company has a current ratio of 1.33, a quick ratio of 1.26 and a debt-to-equity ratio of 1.11. ZIM Integrated Shipping Services has a 1 year low of $6.39 and a 1 year high of $30.15. The stock has a fifty day moving average price of $22.85 and a 200 day moving average price of $20.60. The stock has a market cap of $2.68 billion, a price-to-earnings ratio of 1.86, a PEG ratio of 0.05 and a beta of 1.88.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Virtu Financial LLC acquired a new stake in shares of ZIM Integrated Shipping Services in the third quarter valued at about $893,000. Sunbelt Securities Inc. bought a new stake in ZIM Integrated Shipping Services during the 3rd quarter valued at approximately $71,000. Geode Capital Management LLC increased its position in ZIM Integrated Shipping Services by 3.4% in the 3rd quarter. Geode Capital Management LLC now owns 88,086 shares of the company’s stock worth $2,260,000 after buying an additional 2,873 shares during the period. Public Employees Retirement System of Ohio acquired a new position in shares of ZIM Integrated Shipping Services during the third quarter worth approximately $3,364,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of ZIM Integrated Shipping Services during the third quarter worth approximately $2,612,000. Institutional investors and hedge funds own 21.42% of the company’s stock.

About ZIM Integrated Shipping Services

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.