Barclays Lowers ZIM Integrated Shipping Services (NYSE:ZIM) Price Target to $13.50

ZIM Integrated Shipping Services (NYSE:ZIM) had its target price decreased by Barclays from $16.00 to $13.50 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has an “underweight” rating on the stock. Barclays‘s price target would suggest a potential downside of 27.58% from the company’s previous close.

ZIM has been the topic of a number of other reports. Jefferies Financial Group reiterated a “hold” rating and issued a $18.00 target price on shares of ZIM Integrated Shipping Services in a report on Wednesday, March 12th. Clarkson Capital upgraded shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 22nd. Fearnley Fonds cut shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a report on Thursday, November 21st. Finally, JPMorgan Chase & Co. dropped their target price on shares of ZIM Integrated Shipping Services from $10.00 to $9.50 and set an “underweight” rating on the stock in a research report on Friday, March 7th. Five research analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, ZIM Integrated Shipping Services currently has a consensus rating of “Hold” and an average price target of $13.54.

ZIM Integrated Shipping Services Trading Up 2.2 %

Shares of ZIM traded up $0.40 during mid-day trading on Monday, reaching $18.64. 4,145,901 shares of the company were exchanged, compared to its average volume of 5,548,688. The business has a 50 day simple moving average of $19.10 and a two-hundred day simple moving average of $20.59. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.26 and a current ratio of 1.33. The stock has a market capitalization of $2.24 billion, a PE ratio of 1.56, a PEG ratio of 0.27 and a beta of 1.70. ZIM Integrated Shipping Services has a 52 week low of $9.08 and a 52 week high of $30.15.

ZIM Integrated Shipping Services (NYSE:ZIM) last released its quarterly earnings results on Wednesday, March 12th. The company reported $4.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.47 by $1.19. ZIM Integrated Shipping Services had a net margin of 19.26% and a return on equity of 48.63%. The firm had revenue of $2.17 billion during the quarter, compared to analyst estimates of $1.99 billion. On average, analysts predict that ZIM Integrated Shipping Services will post 16.75 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Employees Retirement System of Texas purchased a new position in ZIM Integrated Shipping Services during the 4th quarter valued at about $45,000. Mackenzie Financial Corp purchased a new stake in ZIM Integrated Shipping Services in the 4th quarter worth approximately $559,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of ZIM Integrated Shipping Services by 31.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 284,186 shares of the company’s stock valued at $6,101,000 after purchasing an additional 68,708 shares in the last quarter. Tidal Investments LLC increased its holdings in shares of ZIM Integrated Shipping Services by 19.0% in the fourth quarter. Tidal Investments LLC now owns 81,539 shares of the company’s stock worth $1,751,000 after purchasing an additional 13,009 shares during the period. Finally, Point72 Asset Management L.P. purchased a new stake in shares of ZIM Integrated Shipping Services in the fourth quarter worth $14,324,000. 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.