ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Get Free Report) shares were down 6.2% on Thursday . The stock traded as low as $9.43 and last traded at $9.45. Approximately 2,633,508 shares were traded during mid-day trading, a decline of 68% from the average daily volume of 8,228,125 shares. The stock had previously closed at $10.07.
Analysts Set New Price Targets
Several research analysts have weighed in on ZIM shares. Bank of America boosted their price target on ZIM Integrated Shipping Services from $6.40 to $10.50 and gave the company an "underperform" rating in a report on Thursday, January 4th. JPMorgan Chase & Co. downgraded ZIM Integrated Shipping Services from an "overweight" rating to a "neutral" rating and cut their price target for the company from $14.00 to $6.20 in a report on Friday, November 17th. Jefferies Financial Group upgraded ZIM Integrated Shipping Services from a "hold" rating to a "buy" rating and upped their price objective for the stock from $14.00 to $20.00 in a report on Monday, January 29th. Finally, Barclays dropped their price objective on ZIM Integrated Shipping Services from $6.00 to $5.00 and set an "underweight" rating for the company in a report on Tuesday, December 5th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $10.43.
Read Our Latest Report on ZIM
ZIM Integrated Shipping Services Trading Down 7.8 %
The business has a fifty day moving average price of $12.65 and a 200 day moving average price of $10.50. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.98 and a current ratio of 1.04. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of -0.52 and a beta of 1.89.
Institutional Trading of ZIM Integrated Shipping Services
A number of institutional investors have recently added to or reduced their stakes in the business. PDT Partners LLC boosted its position in ZIM Integrated Shipping Services by 4.2% in the 1st quarter. PDT Partners LLC now owns 5,000 shares of the company's stock valued at $364,000 after buying an additional 200 shares during the last quarter. Equitable Holdings Inc. boosted its position in ZIM Integrated Shipping Services by 5.7% in the 1st quarter. Equitable Holdings Inc. now owns 7,166 shares of the company's stock valued at $521,000 after buying an additional 385 shares during the last quarter. Harbour Investments Inc. boosted its position in ZIM Integrated Shipping Services by 100.6% in the 1st quarter. Harbour Investments Inc. now owns 1,396 shares of the company's stock valued at $33,000 after buying an additional 700 shares during the last quarter. Walleye Capital LLC boosted its position in ZIM Integrated Shipping Services by 5.9% in the 2nd quarter. Walleye Capital LLC now owns 14,639 shares of the company's stock valued at $691,000 after buying an additional 814 shares during the last quarter. Finally, American International Group Inc. boosted its position in ZIM Integrated Shipping Services by 5.1% in the 4th quarter. American International Group Inc. now owns 16,805 shares of the company's stock valued at $289,000 after buying an additional 817 shares during the last quarter. 17.62% of the stock is owned by hedge funds and other institutional investors.
ZIM Integrated Shipping Services Company Profile
(Get Free Report)
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.
Recommended Stories
- Five stocks we like better than ZIM Integrated Shipping Services
- How to Calculate Return on Investment (ROI)
- Defense Contractor Stocks Explained, Plus Investment Guide
- How to Know Which Cryptocurrency to Buy: A Guide for Investors
- Oracle's AI Cloud Demand Fuels Profitability Surge
- Why Invest in High-Yield Dividend Stocks?
- Analysts Lead These Markets: The Most Upgraded Stocks in Q1
→ Rare Earth Elements: The Workhorse of The Tech Revolution (From Edge On The Street) (Ad)
Should you invest $1,000 in ZIM Integrated Shipping Services right now?
Before you consider ZIM Integrated Shipping Services, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ZIM Integrated Shipping Services wasn't on the list.
While ZIM Integrated Shipping Services currently has a "Reduce" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Beginner's Guide to Pot Stock Investing
Click the link below and we'll send you MarketBeat's guide to pot stock investing and which pot companies show the most promise.
Get This Free Report
