ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Receives Average Recommendation of “Hold” from Analysts

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) has been assigned an average recommendation of “Hold” from the eight brokerages that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $21.50.

Several equities analysts have recently issued reports on ZIM shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of ZIM Integrated Shipping Services in a report on Wednesday, September 2nd. JPMorgan Chase & Co. raised their price objective on ZIM Integrated Shipping Services from $9.00 to $16.50 and gave the company an “underweight” rating in a research report on Tuesday, June 30th. Barclays set a $30.00 price objective on ZIM Integrated Shipping Services and gave the company an “equal weight” rating in a research note on Monday, September 14th. Finally, Zacks Research downgraded ZIM Integrated Shipping Services from a “strong-buy” rating to a “hold” rating in a report on Monday, August 31st.

ZIM Integrated Shipping Services Stock Down 2.2%

Shares of ZIM Integrated Shipping Services stock opened at $28.98 on Tuesday. ZIM Integrated Shipping Services has a 1 year low of $12.33 and a 1 year high of $30.96. The firm has a market cap of $3.49 billion, a price-to-earnings ratio of 25.20 and a beta of 1.22. The company has a 50-day moving average of $28.02 and a 200 day moving average of $26.45. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.24 and a quick ratio of 1.15.

ZIM Integrated Shipping Services (NYSE:ZIM) last posted its quarterly earnings data on Thursday, August 20th. The company reported $0.53 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.27). ZIM Integrated Shipping Services had a return on equity of 1.11% and a net margin of 2.15%.The business had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.79 billion. As a group, sell-side analysts anticipate that ZIM Integrated Shipping Services will post 3.15 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Eli Glickman sold 254,221 shares of the stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $28.22, for a total transaction of $7,174,116.62. Following the sale, the chief executive officer directly owned 233,473 shares of the company’s stock, valued at approximately $6,588,608.06. This represents a 52.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Assaf Tiran sold 4,727 shares of the firm’s stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $29.51, for a total transaction of $139,493.77. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 320,122 shares of company stock valued at $9,114,905. 1.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ZIM. Clal Insurance Enterprises Holdings Ltd purchased a new stake in shares of ZIM Integrated Shipping Services during the fourth quarter valued at approximately $89,845,000. Meitav Investment House Ltd. raised its holdings in ZIM Integrated Shipping Services by 13.7% in the 1st quarter. Meitav Investment House Ltd. now owns 3,906,396 shares of the company’s stock worth $102,934,000 after acquiring an additional 472,092 shares during the last quarter. Yelin Lapidot Holdings Management Ltd. lifted its position in ZIM Integrated Shipping Services by 1.2% in the 2nd quarter. Yelin Lapidot Holdings Management Ltd. now owns 3,308,773 shares of the company’s stock valued at $86,028,000 after acquiring an additional 40,000 shares in the last quarter. Renaissance Technologies LLC lifted its position in ZIM Integrated Shipping Services by 2.0% in the 1st quarter. Renaissance Technologies LLC now owns 2,936,288 shares of the company’s stock valued at $77,371,000 after acquiring an additional 58,603 shares in the last quarter. Finally, State Street Corp boosted its stake in ZIM Integrated Shipping Services by 2.9% during the 2nd quarter. State Street Corp now owns 1,485,508 shares of the company’s stock valued at $38,623,000 after purchasing an additional 41,735 shares during the last quarter. 21.42% of the stock is owned by hedge funds and other institutional investors.

About ZIM Integrated Shipping Services

ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) is a global container liner company headquartered in Haifa, Israel. Founded in 1945, ZIM provides maritime transportation services for importers, exporters, manufacturers and other businesses that move goods internationally.

The company operates a network of container shipping routes connecting major trade lanes and ports across Asia, Europe, the Mediterranean, North America, Latin America and other regions. Its services include the transportation of dry and refrigerated containers, specialized cargo, and vehicles, supported by cargo handling, documentation and related logistics services.

ZIM also offers digital tools and logistics solutions designed to help customers manage shipments, track cargo and coordinate international supply chains.