ZIM Integrated Shipping Services (NYSE:ZIM) Stock Price Up 5.2% – Still a Buy?

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)’s stock price rose 5.2% during trading on Monday . The company traded as high as $22.08 and last traded at $22.00. Approximately 5,635,374 shares changed hands during trading, an increase of 3% from the average daily volume of 5,463,171 shares. The stock had previously closed at $20.91.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ZIM. Jefferies Financial Group cut their price target on ZIM Integrated Shipping Services from $28.00 to $22.00 and set a “hold” rating for the company in a report on Tuesday, December 17th. Fearnley Fonds lowered shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a report on Thursday, November 21st. Barclays lowered their price target on shares of ZIM Integrated Shipping Services from $16.50 to $16.00 and set an “underweight” rating for the company in a report on Friday, January 10th. Finally, Clarkson Capital upgraded shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 22nd. Five 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 stock. Based on data from MarketBeat.com, ZIM Integrated Shipping Services presently has a consensus rating of “Hold” and an average target price of $15.04.

ZIM Integrated Shipping Services Trading Up 4.7 %

The firm has a market cap of $2.63 billion, a price-to-earnings ratio of 1.83, a price-to-earnings-growth ratio of 0.27 and a beta of 1.74. The company has a quick ratio of 1.26, a current ratio of 1.33 and a debt-to-equity ratio of 1.11. The business has a 50 day moving average price of $19.27 and a 200-day moving average price of $20.58.

Institutional Trading of ZIM Integrated Shipping Services

A number of hedge funds have recently made changes to their positions in ZIM. JPMorgan Chase & Co. grew its holdings in ZIM Integrated Shipping Services by 59.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,811,447 shares of the company’s stock valued at $46,482,000 after purchasing an additional 674,723 shares in the last quarter. International Assets Investment Management LLC lifted its stake in shares of ZIM Integrated Shipping Services by 2,228.7% in the third quarter. International Assets Investment Management LLC now owns 402,862 shares of the company’s stock worth $10,337,000 after acquiring an additional 385,562 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in ZIM Integrated Shipping Services during the 3rd quarter valued at approximately $2,612,000. Blueshift Asset Management LLC acquired a new position in shares of ZIM Integrated Shipping Services in the 3rd quarter valued at approximately $620,000. Finally, Quantbot Technologies LP grew its position in shares of ZIM Integrated Shipping Services by 9,573.0% during the third quarter. Quantbot Technologies LP now owns 370,477 shares of the company’s stock worth $9,506,000 after buying an additional 366,647 shares in the last quarter. Hedge funds and other institutional investors 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.