ZIM Integrated Shipping Services (NYSE:ZIM) Trading Down 7.4% – Time to Sell?

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) fell 7.4% on Thursday . The stock traded as low as $18.42 and last traded at $17.95. 1,690,036 shares were traded during mid-day trading, a decline of 70% from the average session volume of 5,664,592 shares. The stock had previously closed at $19.38.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Clarkson Capital raised shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 22nd. Barclays lowered their price objective on ZIM Integrated Shipping Services from $16.50 to $16.00 and set an “underweight” rating on the stock in a research note on Friday, January 10th. JPMorgan Chase & Co. decreased their target price on shares of ZIM Integrated Shipping Services from $10.00 to $9.50 and set an “underweight” rating on the stock in a report on Friday, March 7th. Jefferies Financial Group reissued a “hold” rating and set a $18.00 target price on shares of ZIM Integrated Shipping Services in a research note on Wednesday. Finally, Fearnley Fonds lowered shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 21st. Five investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $14.04.

ZIM Integrated Shipping Services Stock Performance

The stock has a 50-day moving average price of $19.29 and a 200 day moving average price of $20.61. The firm has a market capitalization of $2.18 billion, a price-to-earnings ratio of 1.52, a P/E/G ratio of 0.27 and a beta of 1.70. The company has a quick ratio of 1.26, a current ratio of 1.33 and a debt-to-equity ratio of 1.11.

ZIM Integrated Shipping Services (NYSE:ZIM) last announced its quarterly earnings results on Wednesday, March 12th. The company reported $4.66 EPS for the quarter, beating the consensus estimate of $3.47 by $1.19. ZIM Integrated Shipping Services had a net margin of 19.26% and a return on equity of 48.63%. The company had revenue of $2.17 billion for the quarter, compared to analyst estimates of $1.99 billion. On average, analysts forecast that ZIM Integrated Shipping Services Ltd. will post 16.75 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Altshuler Shaham Ltd grew its stake in ZIM Integrated Shipping Services by 650.0% in the fourth quarter. Altshuler Shaham Ltd now owns 1,500 shares of the company’s stock valued at $32,000 after purchasing an additional 1,300 shares in the last quarter. Employees Retirement System of Texas acquired a new position in ZIM Integrated Shipping Services in the fourth quarter worth about $45,000. Sunbelt Securities Inc. acquired a new stake in shares of ZIM Integrated Shipping Services during the third quarter worth approximately $71,000. Farther Finance Advisors LLC increased its stake in ZIM Integrated Shipping Services by 467.6% in the third quarter. Farther Finance Advisors LLC now owns 2,974 shares of the company’s stock valued at $76,000 after purchasing an additional 2,450 shares in the last quarter. Finally, Mark Sheptoff Financial Planning LLC grew its holdings in shares of ZIM Integrated Shipping Services by 126.7% during the third quarter. Mark Sheptoff Financial Planning LLC now owns 3,400 shares of the company’s stock worth $87,000 after buying an additional 1,900 shares in the last quarter. Institutional investors and hedge funds own 21.42% of the company’s stock.

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.