ZIM Integrated Shipping Services (NYSE:ZIM) Announces Quarterly Earnings Results

ZIM Integrated Shipping Services (NYSE:ZIM) issued its earnings results on Wednesday. The company reported $4.66 EPS for the quarter, beating the consensus estimate of $3.47 by $1.19, Zacks reports. ZIM Integrated Shipping Services had a return on equity of 48.63% and a net margin of 19.26%.

ZIM Integrated Shipping Services Trading Down 7.2 %

Shares of NYSE ZIM traded down $1.46 during mid-day trading on Wednesday, hitting $18.86. The stock had a trading volume of 4,936,790 shares, compared to its average volume of 5,489,504. The business has a 50 day moving average price of $19.33 and a two-hundred day moving average price of $20.62. ZIM Integrated Shipping Services has a 1 year low of $9.08 and a 1 year high of $30.15. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.26 and a current ratio of 1.33. The firm has a market cap of $2.27 billion, a P/E ratio of 1.58, a price-to-earnings-growth ratio of 0.27 and a beta of 1.70.

Analyst Upgrades and Downgrades

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

About ZIM Integrated Shipping Services

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.