ZIM Integrated Shipping Services (NYSE:ZIM) Price Target Lowered to $13.50 at Barclays

ZIM Integrated Shipping Services (NYSE:ZIM) had its target price lowered by analysts at Barclays from $16.00 to $13.50 in a research note issued to investors on Monday,Benzinga reports. The firm currently has an “underweight” rating on the stock. Barclays‘s price target suggests a potential downside of 28.18% from the company’s current price.

Other equities research analysts have also issued research reports about the company. Jefferies Financial Group reaffirmed a “hold” rating and issued a $18.00 target price on shares of ZIM Integrated Shipping Services in a research note on Wednesday, March 12th. Fearnley Fonds lowered ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 21st. Clarkson Capital upgraded ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a report on Friday, November 22nd. Finally, JPMorgan Chase & Co. cut their price target on ZIM Integrated Shipping Services from $10.00 to $9.50 and set an “underweight” rating for the company in a report on Friday, March 7th. Five research analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $13.54.

ZIM Integrated Shipping Services Price Performance

Shares of NYSE:ZIM opened at $18.80 on Monday. ZIM Integrated Shipping Services has a 12 month low of $9.08 and a 12 month high of $30.15. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.33 and a quick ratio of 1.26. The business’s 50 day simple moving average is $18.98 and its 200-day simple moving average is $20.59. The firm has a market capitalization of $2.26 billion, a price-to-earnings ratio of 1.57, a price-to-earnings-growth ratio of 0.27 and a beta of 1.70.

ZIM Integrated Shipping Services (NYSE:ZIM) last posted its earnings results on Wednesday, March 12th. The company reported $4.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.47 by $1.19. ZIM Integrated Shipping Services had a return on equity of 48.63% and a net margin of 19.26%. The firm had revenue of $2.17 billion for the quarter, compared to analyst estimates of $1.99 billion. As a group, equities analysts forecast that ZIM Integrated Shipping Services will post 16.75 earnings per share for the current fiscal year.

Institutional Trading of ZIM Integrated Shipping Services

Institutional investors and hedge funds have recently made changes to their positions in the company. Altshuler Shaham Ltd increased its holdings in shares of ZIM Integrated Shipping Services by 650.0% during the 4th quarter. Altshuler Shaham Ltd now owns 1,500 shares of the company’s stock worth $32,000 after buying an additional 1,300 shares during the last quarter. Employees Retirement System of Texas acquired a new stake in shares of ZIM Integrated Shipping Services during the 4th quarter worth $45,000. Sunbelt Securities Inc. acquired a new stake in shares of ZIM Integrated Shipping Services during the 3rd quarter worth $71,000. Mark Sheptoff Financial Planning LLC increased its holdings in shares of ZIM Integrated Shipping Services by 126.7% during the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 3,400 shares of the company’s stock worth $87,000 after buying an additional 1,900 shares during the last quarter. Finally, Brown Brothers Harriman & Co. acquired a new stake in shares of ZIM Integrated Shipping Services during the 4th quarter worth $79,000. 21.42% of the stock is currently owned by institutional investors and hedge funds.

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.