Barclays Issues Pessimistic Forecast for ZIM Integrated Shipping Services (NYSE:ZIM) Stock Price

ZIM Integrated Shipping Services (NYSE:ZIM) had its price target cut by equities researchers at Barclays from $16.00 to $13.50 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has an “underweight” rating on the stock. Barclays‘s price objective indicates a potential downside of 27.58% from the company’s current price.

ZIM has been the topic of several other research reports. Clarkson Capital raised ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 22nd. Fearnley Fonds downgraded shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a report on Thursday, November 21st. JPMorgan Chase & Co. cut their price target on shares of ZIM Integrated Shipping Services from $10.00 to $9.50 and set an “underweight” rating for the company in a research note on Friday, March 7th. Finally, Jefferies Financial Group restated a “hold” rating and set a $18.00 price objective on shares of ZIM Integrated Shipping Services in a research note on Wednesday, March 12th. Five investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $13.54.

ZIM Integrated Shipping Services Stock Up 2.2 %

Shares of ZIM stock traded up $0.40 during trading hours on Monday, hitting $18.64. 4,145,901 shares of the company were exchanged, compared to its average volume of 5,548,688. ZIM Integrated Shipping Services has a 52 week low of $9.08 and a 52 week high of $30.15. The company has a current ratio of 1.33, a quick ratio of 1.26 and a debt-to-equity ratio of 1.11. The business has a 50 day moving average of $19.10 and a two-hundred day moving average of $20.59. The company 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 (NYSE:ZIM) last posted its quarterly earnings data on Wednesday, March 12th. The company reported $4.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.47 by $1.19. The business had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $1.99 billion. ZIM Integrated Shipping Services had a return on equity of 48.63% and a net margin of 19.26%. Analysts anticipate that ZIM Integrated Shipping Services will post 16.75 earnings per share for the current fiscal year.

Hedge Funds Weigh In On ZIM Integrated Shipping Services

A number of institutional investors have recently modified their holdings of ZIM. Altshuler Shaham Ltd boosted its position in ZIM Integrated Shipping Services by 650.0% in the fourth quarter. Altshuler Shaham Ltd now owns 1,500 shares of the company’s stock valued at $32,000 after buying an additional 1,300 shares in the last quarter. Employees Retirement System of Texas acquired a new stake in shares of ZIM Integrated Shipping Services during the fourth quarter valued at about $45,000. Sunbelt Securities Inc. acquired a new position in shares of ZIM Integrated Shipping Services in the third quarter valued at approximately $71,000. Mark Sheptoff Financial Planning LLC raised its holdings in ZIM Integrated Shipping Services by 126.7% in the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 3,400 shares of the company’s stock valued at $87,000 after buying an additional 1,900 shares during the last quarter. Finally, Brown Brothers Harriman & Co. acquired a new stake in ZIM Integrated Shipping Services during the 4th quarter worth approximately $79,000. 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.