ZIM Integrated Shipping Services (NYSE:ZIM) Shares Gap Up to $11.00

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) shares gapped up prior to trading on Monday . The stock had previously closed at $11.00, but opened at $11.51. ZIM Integrated Shipping Services shares last traded at $11.71, with a volume of 1,080,802 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on ZIM shares. Barclays lowered their target price on ZIM Integrated Shipping Services from $13.00 to $10.60 and set an “underweight” rating for the company in a report on Friday, August 18th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $13.00 target price on shares of ZIM Integrated Shipping Services in a report on Wednesday, August 16th. 22nd Century Group reaffirmed a “maintains” rating on shares of ZIM Integrated Shipping Services in a report on Tuesday, June 27th. JPMorgan Chase & Co. raised ZIM Integrated Shipping Services from a “neutral” rating to an “overweight” rating and set a $15.40 target price for the company in a report on Monday. Finally, 51job reaffirmed a “maintains” rating on shares of ZIM Integrated Shipping Services in a report on Tuesday, June 27th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, ZIM Integrated Shipping Services currently has an average rating of “Hold” and a consensus price target of $17.25.

ZIM Integrated Shipping Services Trading Up 8.8 %

The company has a market cap of $1.44 billion, a price-to-earnings ratio of 1.08 and a beta of 2.07. The firm has a 50 day moving average price of $13.05 and a two-hundred day moving average price of $15.90. The company has a quick ratio of 1.08, a current ratio of 1.15 and a debt-to-equity ratio of 0.68.

ZIM Integrated Shipping Services (NYSE:ZIM) last issued its quarterly earnings results on Wednesday, August 16th. The company reported ($1.37) earnings per share for the quarter, missing the consensus estimate of ($0.87) by ($0.50). The company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.32 billion. ZIM Integrated Shipping Services had a net margin of 16.08% and a return on equity of 25.01%. As a group, equities analysts forecast that ZIM Integrated Shipping Services Ltd. will post -4.03 earnings per share for the current year.

Institutional Investors Weigh In On ZIM Integrated Shipping Services

Several institutional investors and hedge funds have recently made changes to their positions in the business. PDT Partners LLC boosted its position in shares of ZIM Integrated Shipping Services by 4.2% during the 1st quarter. PDT Partners LLC now owns 5,000 shares of the company’s stock valued at $364,000 after purchasing an additional 200 shares in the last quarter. Equitable Holdings Inc. boosted its position in shares of ZIM Integrated Shipping Services by 5.7% during the 1st quarter. Equitable Holdings Inc. now owns 7,166 shares of the company’s stock valued at $521,000 after purchasing an additional 385 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of ZIM Integrated Shipping Services by 1.1% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 56,651 shares of the company’s stock valued at $974,000 after purchasing an additional 625 shares in the last quarter. Corton Capital Inc. boosted its position in shares of ZIM Integrated Shipping Services by 2.0% during the 1st quarter. Corton Capital Inc. now owns 33,521 shares of the company’s stock valued at $790,000 after purchasing an additional 650 shares in the last quarter. Finally, Harbour Investments Inc. boosted its position in shares of ZIM Integrated Shipping Services by 100.6% during the 1st quarter. Harbour Investments Inc. now owns 1,396 shares of the company’s stock valued at $33,000 after purchasing an additional 700 shares in the last quarter. Institutional investors own 17.62% of the company’s stock.

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.