ZIM Integrated Shipping Services (NYSE:ZIM) Raised to “Strong-Buy” at Wall Street Zen

ZIM Integrated Shipping Services (NYSE:ZIM) was upgraded by equities researchers at Wall Street Zen to a “strong-buy” rating in a report issued on Saturday, Wall Street Zen reports.

A number of other equities analysts have also recently issued reports on the stock. Zacks Research upgraded shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 13th. JPMorgan Chase & Co. increased their target price on shares of ZIM Integrated Shipping Services from $16.50 to $22.00 and gave the stock an “underweight” rating in a report on Monday, October 12th. Barclays set a $30.00 target price on shares of ZIM Integrated Shipping Services and gave the stock an “equal weight” rating in a report on Monday, September 14th. Finally, Weiss Ratings raised ZIM Integrated Shipping Services from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $22.42.

ZIM Integrated Shipping Services Stock Down 0.1%

Shares of NYSE ZIM opened at $29.33 on Friday. The company has a quick ratio of 1.15, a current ratio of 1.24 and a debt-to-equity ratio of 1.09. ZIM Integrated Shipping Services has a 52 week low of $13.56 and a 52 week high of $30.98. The firm’s fifty day moving average is $29.08 and its 200 day moving average is $26.78. The company has a market cap of $3.54 billion, a price-to-earnings ratio of 25.51 and a beta of 1.22.

ZIM Integrated Shipping Services (NYSE:ZIM) last posted its quarterly earnings results on Thursday, August 20th. The company reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.16). The firm had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.79 billion. ZIM Integrated Shipping Services had a net margin of 2.15% and a return on equity of 1.11%. On average, equities research analysts expect that ZIM Integrated Shipping Services will post 8.86 earnings per share for the current year.

Insider Activity at ZIM Integrated Shipping Services

In related news, EVP Nissim Yochai sold 7,535 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $28.83, for a total transaction of $217,234.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Assaf Tiran sold 4,727 shares of the firm’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $29.51, for a total value of $139,493.77. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 320,122 shares of company stock valued at $9,114,905 over the last 90 days. Company insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Pin Oak Investment Advisors Inc. purchased a new stake in shares of ZIM Integrated Shipping Services in the 2nd quarter worth about $26,000. Pinnacle Holdings LLC bought a new stake in shares of ZIM Integrated Shipping Services during the 2nd quarter valued at about $42,000. Assetmark Inc. bought a new stake in shares of ZIM Integrated Shipping Services during the 1st quarter valued at about $59,000. Janney Montgomery Scott LLC purchased a new position in shares of ZIM Integrated Shipping Services during the first quarter valued at about $201,000. Finally, Base Wealth Management LLC purchased a new position in shares of ZIM Integrated Shipping Services during the first quarter valued at about $205,000. 21.42% of the stock is owned by hedge funds and other institutional investors.

About ZIM Integrated Shipping Services

ZIM Integrated Shipping Services Ltd. is an Israel-based container shipping company that provides international transportation and logistics services. The company transports a broad range of cargo, including general, refrigerated, hazardous and oversized goods, using container vessels and related intermodal transportation solutions.

ZIM operates shipping services across major global trade routes, connecting markets in Asia, Europe, the Mediterranean, North and South America, Africa and other regions.