ZIM Integrated Shipping Services (ZIM) Projected to Post Quarterly Earnings on Wednesday

ZIM Integrated Shipping Services (NYSE:ZIM) is anticipated to announce its earnings results before the market opens on Wednesday, March 12th. Analysts expect the company to announce earnings of $3.47 per share and revenue of $1.99 billion for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

ZIM Integrated Shipping Services Price Performance

NYSE ZIM opened at $20.63 on Tuesday. ZIM Integrated Shipping Services has a 52 week low of $9.08 and a 52 week high of $30.15. The company has a 50-day moving average price of $19.35 and a 200-day moving average price of $20.62. The firm has a market capitalization of $2.48 billion, a P/E ratio of 1.73, a PEG ratio of 0.27 and a beta of 1.70. The company has a quick ratio of 1.26, a current ratio of 1.33 and a debt-to-equity ratio of 1.11.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Barclays reduced their price objective on ZIM Integrated Shipping Services from $16.50 to $16.00 and set an “underweight” rating on the stock in a research note on Friday, January 10th. 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. JPMorgan Chase & Co. dropped their price target 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. Jefferies Financial Group reduced their price objective on ZIM Integrated Shipping Services from $28.00 to $22.00 and set a “hold” rating for the company in a research note on Tuesday, December 17th. Finally, Fearnley Fonds lowered ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 21st. Five investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $14.84.

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.