Key Points
- Director Birger Johanne Meyer-Gloeckner sold 1,531 ZIM shares at an average price of $28.50, totaling approximately $43,634; the transaction was disclosed in an SEC filing.
- ZIM recently reported quarterly EPS of $0.53, missing analyst expectations of $0.80, while revenue of $1.78 billion was broadly in line with estimates. Analysts expect full-year EPS of approximately $3.15.
- The stock opened at $30.03 and has a consensus “Hold” rating, with analysts’ average price target at $19.83; institutional investors own 21.42% of the company.
ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Get Free Report) Director Birger Johanne Meyer-Gloeckner sold 1,531 shares of ZIM Integrated Shipping Services stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $28.50, for a total value of $43,633.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
ZIM Integrated Shipping Services Stock Performance
NYSE:ZIM opened at $30.03 on Wednesday. The stock's 50-day moving average is $26.13 and its 200-day moving average is $26.29. ZIM Integrated Shipping Services Ltd. has a 1-year low of $12.33 and a 1-year high of $30.40. The company has a current ratio of 1.24, a quick ratio of 1.15 and a debt-to-equity ratio of 1.09. The stock has a market cap of $3.62 billion, a P/E ratio of 26.12 and a beta of 1.18.
ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last posted its earnings results on Thursday, August 20th. The company reported $0.53 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.27). ZIM Integrated Shipping Services had a return on equity of 1.11% and a net margin of 2.15%.The business had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.79 billion. Equities research analysts anticipate that ZIM Integrated Shipping Services Ltd. will post 3.15 earnings per share for the current year.
Analysts Set New Price Targets
ZIM has been the subject of a number of recent research reports. JPMorgan Chase & Co. increased their price objective on ZIM Integrated Shipping Services from $9.00 to $16.50 and gave the company an "underweight" rating in a report on Tuesday, June 30th. Weiss Ratings reiterated a "hold (c-)" rating on shares of ZIM Integrated Shipping Services in a research report on Wednesday, September 2nd. Zacks Research cut ZIM Integrated Shipping Services from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 31st. Finally, Barclays increased their price target on ZIM Integrated Shipping Services from $17.00 to $20.00 and gave the company an "underweight" rating in a research note on Thursday, August 27th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, ZIM Integrated Shipping Services currently has a consensus rating of "Hold" and an average target price of $19.83.
View Our Latest Analysis on ZIM
Hedge Funds Weigh In On ZIM Integrated Shipping Services
A number of hedge funds have recently bought and sold shares of the company. Value Base Ltd. bought a new stake in ZIM Integrated Shipping Services during the fourth quarter valued at $1,316,000. Yelin Lapidot Holdings Management Ltd. lifted its stake in shares of ZIM Integrated Shipping Services by 1.2% in the 2nd quarter. Yelin Lapidot Holdings Management Ltd. now owns 3,308,773 shares of the company's stock valued at $86,028,000 after purchasing an additional 40,000 shares during the period. Sagil Capital LLP acquired a new position in shares of ZIM Integrated Shipping Services in the 4th quarter valued at about $1,486,000. Weiss Asset Management LP bought a new stake in shares of ZIM Integrated Shipping Services during the 1st quarter valued at about $7,283,000. Finally, Global Retirement Partners LLC acquired a new stake in ZIM Integrated Shipping Services during the second quarter worth approximately $1,023,000. Institutional investors own 21.42% of the company's stock.
ZIM Integrated Shipping Services Company Profile
(
Get Free Report)
ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) is a global container shipping company specializing in the transportation of dry cargo, refrigerated goods and special project cargo. The company operates a modern fleet of container vessels that call at major ports worldwide, offering scheduled liner services and tailored logistics solutions to exporters, importers and freight forwarders.
Founded in 1945 in Haifa, Israel, ZIM has grown from a regional carrier into a worldwide operator through a series of strategic partnerships, fleet expansions and network enhancements.
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