ZIM Integrated Shipping Services (NYSE:ZIM) Upgraded at Clarkson Capital

ZIM Integrated Shipping Services (NYSE:ZIM) was upgraded by analysts at Clarkson Capital from a “hold” rating to a “strong-buy” rating in a report issued on Friday,Zacks.com reports.

Other research analysts have also recently issued reports about the company. Fearnley Fonds cut ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 21st. JPMorgan Chase & Co. restated an “underweight” rating and issued a $10.50 price objective on shares of ZIM Integrated Shipping Services in a research note on Tuesday, September 10th. Bank of America raised their price objective on ZIM Integrated Shipping Services from $12.20 to $13.70 and gave the stock an “underperform” rating in a research note on Wednesday, August 28th. Barclays raised their price objective on ZIM Integrated Shipping Services from $13.90 to $16.50 and gave the stock an “underweight” rating in a research note on Monday. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $25.00 price target on shares of ZIM Integrated Shipping Services in a research report on Wednesday, November 20th. Five investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $15.74.

ZIM Integrated Shipping Services Trading Down 6.5 %

Shares of NYSE:ZIM opened at $22.24 on Friday. ZIM Integrated Shipping Services has a 52-week low of $6.39 and a 52-week high of $30.15. The stock has a market cap of $2.68 billion, a price-to-earnings ratio of 1.86, a PEG ratio of 0.05 and a beta of 1.88. The company has a quick ratio of 1.26, a current ratio of 1.33 and a debt-to-equity ratio of 1.11. The business has a 50-day moving average price of $22.85 and a 200-day moving average price of $20.60.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of ZIM. Van ECK Associates Corp increased its position in shares of ZIM Integrated Shipping Services by 1.6% in the third quarter. Van ECK Associates Corp now owns 38,079 shares of the company’s stock valued at $977,000 after buying an additional 591 shares in the last quarter. Janney Montgomery Scott LLC increased its position in shares of ZIM Integrated Shipping Services by 2.1% in the third quarter. Janney Montgomery Scott LLC now owns 44,292 shares of the company’s stock valued at $1,137,000 after buying an additional 915 shares in the last quarter. Fairman Group LLC purchased a new stake in shares of ZIM Integrated Shipping Services in the third quarter valued at approximately $26,000. Olympiad Research LP increased its position in shares of ZIM Integrated Shipping Services by 12.9% in the third quarter. Olympiad Research LP now owns 10,588 shares of the company’s stock valued at $272,000 after buying an additional 1,212 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of ZIM Integrated Shipping Services in the third quarter valued at approximately $31,000. 21.42% of the stock is currently owned by hedge funds and other institutional investors.

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.