Clarkson Capital Downgrades ZIM Integrated Shipping Services (NYSE:ZIM) to Neutral

ZIM Integrated Shipping Services (NYSE:ZIM) was downgraded by investment analysts at Clarkson Capital from a “buy” rating to a “neutral” rating in a note issued to investors on Tuesday,Briefing.com Automated Import reports. They presently have a $20.00 price objective on the stock. Clarkson Capital’s price objective points to a potential upside of 2.83% from the stock’s current price.

Several other research analysts have also issued reports on ZIM. Jefferies Financial Group upped their target price on ZIM Integrated Shipping Services from $16.00 to $17.00 and gave the company a “hold” rating in a research report on Tuesday. Bank of America cut their price objective on ZIM Integrated Shipping Services from $16.00 to $12.80 and set an “underperform” rating on the stock in a report on Friday, April 11th. Barclays cut their price objective on ZIM Integrated Shipping Services from $13.50 to $12.00 and set an “underweight” rating on the stock in a report on Wednesday, April 16th. Finally, JPMorgan Chase & Co. cut their price objective on ZIM Integrated Shipping Services from $10.00 to $9.50 and set an “underweight” rating on the stock in a report on Friday, March 7th. Five investment analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $14.05.

ZIM Integrated Shipping Services Trading Up 6.1%

Shares of NYSE:ZIM opened at $19.45 on Tuesday. The business’s 50-day moving average is $15.14 and its 200 day moving average is $18.68. ZIM Integrated Shipping Services has a 1 year low of $11.04 and a 1 year high of $30.15. The firm has a market capitalization of $2.34 billion, a P/E ratio of 1.63, a P/E/G ratio of 0.27 and a beta of 1.84. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.33 and a quick ratio of 1.26.

ZIM Integrated Shipping Services (NYSE:ZIM) last announced its earnings results on Monday, May 19th. The company reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.56. ZIM Integrated Shipping Services had a return on equity of 48.63% and a net margin of 19.26%. The company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same period in the prior year, the company posted $0.75 EPS. On average, research analysts predict that ZIM Integrated Shipping Services will post 16.75 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Altshuler Shaham Ltd raised its position in ZIM Integrated Shipping Services by 650.0% during the fourth quarter. Altshuler Shaham Ltd now owns 1,500 shares of the company’s stock valued at $32,000 after acquiring an additional 1,300 shares in the last quarter. New York State Common Retirement Fund purchased a new stake in shares of ZIM Integrated Shipping Services in the first quarter valued at approximately $30,000. Employees Retirement System of Texas purchased a new stake in shares of ZIM Integrated Shipping Services in the fourth quarter valued at approximately $45,000. Brown Brothers Harriman & Co. purchased a new stake in shares of ZIM Integrated Shipping Services in the fourth quarter valued at approximately $79,000. Finally, R Squared Ltd purchased a new stake in shares of ZIM Integrated Shipping Services in the fourth quarter valued at approximately $88,000. 21.42% of the stock is currently owned by hedge funds and other institutional investors.

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.