ZIM Integrated Shipping Services (NYSE:ZIM) Upgraded at Clarkson Capital

ZIM Integrated Shipping Services (NYSE:ZIM) was upgraded by analysts at Clarkson Capital from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Friday,Zacks.com reports.

Other equities analysts have also issued research reports about the company. Fearnley Fonds lowered ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 21st. Jefferies Financial Group restated a “hold” rating and set a $25.00 price target on shares of ZIM Integrated Shipping Services in a research note on Wednesday, November 20th. JPMorgan Chase & Co. restated an “underweight” rating and set a $10.50 price target on shares of ZIM Integrated Shipping Services in a research note on Tuesday, September 10th. Barclays raised their price target on ZIM Integrated Shipping Services from $13.90 to $16.50 and gave the company an “underweight” rating in a research note on Monday. Finally, Bank of America raised their price target 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. Five research analysts have rated the stock with a sell rating, one has given a hold rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $15.74.

ZIM Integrated Shipping Services Stock Performance

ZIM stock opened at $22.24 on Friday. The company has a quick ratio of 1.26, a current ratio of 1.33 and a debt-to-equity ratio of 1.11. The business’s fifty day simple moving average is $22.85 and its two-hundred day simple moving average is $20.60. ZIM Integrated Shipping Services has a twelve month low of $6.39 and a twelve month high of $30.15. The firm has a market cap of $2.68 billion, a price-to-earnings ratio of 1.86, a PEG ratio of 0.05 and a beta of 1.88.

Institutional Investors Weigh In On ZIM Integrated Shipping Services

A number of institutional investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC acquired a new stake in ZIM Integrated Shipping Services in the third quarter worth about $893,000. Sunbelt Securities Inc. acquired a new stake in ZIM Integrated Shipping Services in the third quarter worth about $71,000. Geode Capital Management LLC boosted its holdings in 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 worth $2,260,000 after acquiring an additional 2,873 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in ZIM Integrated Shipping Services in the third quarter worth about $3,364,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in ZIM Integrated Shipping Services in the third quarter worth about $2,612,000. Institutional investors own 21.42% of the company’s stock.

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.