ZIM Integrated Shipping Services (NYSE:ZIM) Trading Up 3.7%

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) rose 3.7% during mid-day trading on Monday . The company traded as high as $10.55 and last traded at $10.55. Approximately 953,438 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 6,603,075 shares. The stock had previously closed at $10.17.

Analyst Ratings Changes

ZIM has been the subject of a number of research analyst reports. Bank of America decreased their target price on ZIM Integrated Shipping Services from $11.00 to $7.80 and set an “underperform” rating for the company in a research report on Tuesday, March 19th. JPMorgan Chase & Co. reduced their price objective on ZIM Integrated Shipping Services from $9.30 to $9.25 and set a “neutral” rating for the company in a research note on Friday, March 22nd. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $20.00 price objective on shares of ZIM Integrated Shipping Services in a research note on Wednesday, March 13th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, ZIM Integrated Shipping Services currently has a consensus rating of “Hold” and a consensus price target of $10.51.

ZIM Integrated Shipping Services Stock Up 4.2 %

The firm has a 50 day moving average of $10.91 and a two-hundred day moving average of $10.33. The company has a quick ratio of 0.95, a current ratio of 1.02 and a debt-to-equity ratio of 1.35.

ZIM Integrated Shipping Services (NYSE:ZIM) last announced its earnings results on Wednesday, March 13th. The company reported ($1.23) EPS for the quarter, beating analysts’ consensus estimates of ($1.33) by $0.10. ZIM Integrated Shipping Services had a negative return on equity of 16.29% and a negative net margin of 52.22%. The firm had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.23 billion. On average, equities research analysts expect that ZIM Integrated Shipping Services Ltd. will post 0.33 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. American Century Companies Inc. raised its position in ZIM Integrated Shipping Services by 12.4% in the third quarter. American Century Companies Inc. now owns 898,491 shares of the company’s stock valued at $9,389,000 after purchasing an additional 99,477 shares during the period. Charles Schwab Investment Management Inc. raised its position in ZIM Integrated Shipping Services by 82.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 512,103 shares of the company’s stock valued at $5,054,000 after purchasing an additional 231,955 shares during the period. International Assets Investment Management LLC raised its position in ZIM Integrated Shipping Services by 1,204.6% in the fourth quarter. International Assets Investment Management LLC now owns 173,712 shares of the company’s stock valued at $17,600,000 after purchasing an additional 160,397 shares during the period. Allianz Asset Management GmbH raised its position in ZIM Integrated Shipping Services by 1,446.0% in the fourth quarter. Allianz Asset Management GmbH now owns 161,552 shares of the company’s stock valued at $1,595,000 after purchasing an additional 151,102 shares during the period. Finally, Clear Harbor Asset Management LLC raised its position in ZIM Integrated Shipping Services by 100.6% in the fourth quarter. Clear Harbor Asset Management LLC now owns 138,475 shares of the company’s stock valued at $1,367,000 after purchasing an additional 69,445 shares during the period. 21.42% of the stock is 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.