ZIM Integrated Shipping Services (NYSE:ZIM) Upgraded to Neutral at JPMorgan Chase & Co.

ZIM Integrated Shipping Services (NYSE:ZIMGet Rating) was upgraded by investment analysts at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating in a note issued to investors on Friday, The Fly reports.

A number of other research analysts also recently commented on the stock. Jefferies Financial Group raised their target price on shares of ZIM Integrated Shipping Services from $100.00 to $120.00 and gave the company a “buy” rating in a research report on Thursday, March 10th. Clarkson Capital reissued a “neutral” rating on shares of ZIM Integrated Shipping Services in a research report on Tuesday. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $79.01.

ZIM stock opened at $48.80 on Friday. The company has a market capitalization of $5.85 billion, a PE ratio of 1.02 and a beta of 2.40. ZIM Integrated Shipping Services has a 12 month low of $33.71 and a 12 month high of $91.23. The firm’s 50-day moving average is $60.19 and its 200 day moving average is $63.36. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.29 and a quick ratio of 1.26.

ZIM Integrated Shipping Services (NYSE:ZIMGet Rating) last posted its quarterly earnings results on Wednesday, May 18th. The company reported $14.19 EPS for the quarter, topping the consensus estimate of $12.65 by $1.54. The company had revenue of $3.72 billion for the quarter. ZIM Integrated Shipping Services had a net margin of 45.36% and a return on equity of 167.57%. During the same period in the prior year, the business earned $5.13 EPS. Sell-side analysts forecast that ZIM Integrated Shipping Services will post 41.24 EPS for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in ZIM. Renaissance Technologies LLC boosted its stake in ZIM Integrated Shipping Services by 166.9% in the 1st quarter. Renaissance Technologies LLC now owns 4,062,538 shares of the company’s stock worth $295,387,000 after purchasing an additional 2,540,500 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd boosted its stake in ZIM Integrated Shipping Services by 350.5% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,682,724 shares of the company’s stock worth $234,088,000 after purchasing an additional 2,087,230 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in ZIM Integrated Shipping Services by 123.6% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,433,175 shares of the company’s stock worth $249,626,000 after purchasing an additional 1,897,990 shares in the last quarter. Marshall Wace LLP lifted its stake in ZIM Integrated Shipping Services by 204.8% during the 4th quarter. Marshall Wace LLP now owns 2,708,036 shares of the company’s stock valued at $159,397,000 after acquiring an additional 1,819,550 shares during the period. Finally, Credit Suisse AG lifted its stake in ZIM Integrated Shipping Services by 5,999.9% during the 4th quarter. Credit Suisse AG now owns 964,764 shares of the company’s stock valued at $56,786,000 after acquiring an additional 948,948 shares during the period. Institutional investors own 47.33% of the company’s stock.

ZIM Integrated Shipping Services Company Profile (Get Rating)

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.

Featured Articles

The Fly logo

Analyst Recommendations for ZIM Integrated Shipping Services (NYSE:ZIM)

Want More Great Investing Ideas?

Receive News & Ratings for ZIM Integrated Shipping Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ZIM Integrated Shipping Services and related companies with MarketBeat.com's FREE daily email newsletter.