Barclays Forecasts Strong Price Appreciation for ZIM Integrated Shipping Services (NYSE:ZIM) Stock

ZIM Integrated Shipping Services (NYSE:ZIM) had its price target hoisted by Barclays from $13.90 to $16.50 in a note issued to investors on Monday,Benzinga reports. The firm presently has an “underweight” rating on the stock. Barclays‘s price target points to a potential downside of 21.80% from the company’s current price.

A number of other research analysts have also commented on the company. Fearnley Fonds lowered ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a report on Thursday, November 21st. Bank of America upped their target price on ZIM Integrated Shipping Services from $12.20 to $13.70 and gave the company an “underperform” rating in a research note on Wednesday, August 28th. Jefferies Financial Group restated a “hold” rating and issued a $25.00 target price on shares of ZIM Integrated Shipping Services in a research note on Wednesday, November 20th. Finally, JPMorgan Chase & Co. restated an “underweight” rating and issued a $10.50 target price on shares of ZIM Integrated Shipping Services in a research note on Tuesday, September 10th. Five analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $15.74.

ZIM Integrated Shipping Services Stock Down 5.1 %

Shares of ZIM stock opened at $21.10 on Monday. ZIM Integrated Shipping Services has a 12 month low of $6.39 and a 12 month high of $30.15. The firm has a market cap of $2.54 billion, a PE ratio of 1.77, a price-to-earnings-growth ratio of 0.05 and a beta of 1.88. The stock has a 50 day moving average of $22.88 and a 200-day moving average of $20.63. The company has a quick ratio of 1.26, a current ratio of 1.33 and a debt-to-equity ratio of 1.11.

Institutional Trading of ZIM Integrated Shipping Services

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Virtu Financial LLC acquired a new stake in shares of ZIM Integrated Shipping Services in the third quarter valued at $893,000. Sunbelt Securities Inc. acquired a new stake in shares of ZIM Integrated Shipping Services in the third quarter valued at $71,000. Geode Capital Management LLC increased its stake in shares of ZIM Integrated Shipping Services by 3.4% in the third quarter. Geode Capital Management LLC now owns 88,086 shares of the company’s stock valued at $2,260,000 after buying an additional 2,873 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of ZIM Integrated Shipping Services in the third quarter valued at $3,364,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of ZIM Integrated Shipping Services in the third quarter valued at $2,612,000. 21.42% of the stock is currently owned by institutional investors and hedge funds.

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.