ZIM Integrated Shipping Services (NYSE:ZIM – Get 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.
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.
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