ZIM Integrated Shipping Services (NYSE:ZIM) Price Target Cut to $26.50

ZIM Integrated Shipping Services (NYSE:ZIMGet Rating) had its price target reduced by equities research analysts at Barclays from $63.00 to $26.50 in a report released on Friday, The Fly reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s price objective indicates a potential upside of 6.94% from the stock’s current price.

A number of other equities research analysts have also issued reports on ZIM. Jefferies Financial Group cut their price objective on shares of ZIM Integrated Shipping Services from $55.00 to $27.00 and set a “hold” rating for the company in a report on Friday, October 7th. Citigroup lowered shares of ZIM Integrated Shipping Services from a “buy” rating to a “neutral” rating in a report on Monday, August 22nd. The Goldman Sachs Group cut their price objective on shares of ZIM Integrated Shipping Services from $60.00 to $30.00 in a report on Tuesday, September 20th. Finally, TheStreet lowered shares of ZIM Integrated Shipping Services from a “c-” rating to a “d+” rating in a report on Thursday, September 22nd. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $35.36.

ZIM Integrated Shipping Services Trading Down 3.1 %

ZIM Integrated Shipping Services stock opened at $24.78 on Friday. The firm has a 50 day moving average of $25.46 and a 200 day moving average of $42.38. The firm has a market capitalization of $2.97 billion, a price-to-earnings ratio of 0.50 and a beta of 2.41. ZIM Integrated Shipping Services has a 12-month low of $22.33 and a 12-month high of $91.23. The company has a current ratio of 1.58, a quick ratio of 1.57 and a debt-to-equity ratio of 0.54.

ZIM Integrated Shipping Services (NYSE:ZIMGet Rating) last released its earnings results on Wednesday, August 17th. The company reported $11.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $12.16 by ($1.09). ZIM Integrated Shipping Services had a return on equity of 118.65% and a net margin of 42.71%. The firm had revenue of $3.43 billion during the quarter. During the same period last year, the company earned $7.38 earnings per share. As a group, research analysts predict that ZIM Integrated Shipping Services will post 38.18 earnings per share for the current year.

Institutional Trading of ZIM Integrated Shipping Services

Institutional investors have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. bought a new stake in ZIM Integrated Shipping Services in the second quarter worth $28,000. Cullen Frost Bankers Inc. bought a new stake in ZIM Integrated Shipping Services in the first quarter worth $29,000. Exchange Traded Concepts LLC lifted its position in ZIM Integrated Shipping Services by 92.6% in the third quarter. Exchange Traded Concepts LLC now owns 1,406 shares of the company’s stock worth $33,000 after buying an additional 676 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in ZIM Integrated Shipping Services in the third quarter worth $35,000. Finally, Edmond DE Rothschild Holding S.A. bought a new stake in ZIM Integrated Shipping Services in the first quarter worth $40,000. 42.82% of the stock is currently owned by institutional investors.

ZIM Integrated Shipping Services Company Profile

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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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