ZIM Integrated Shipping Services (NYSE:ZIM) Price Target Cut to $16.00 by Analysts at Barclays

ZIM Integrated Shipping Services (NYSE:ZIM) had its price objective cut by investment analysts at Barclays from $16.50 to $16.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an “underweight” rating on the stock. Barclays‘s price target indicates a potential downside of 16.19% from the stock’s current price.

Several other research firms have also weighed in on ZIM. Jefferies Financial Group dropped their price target on ZIM Integrated Shipping Services from $28.00 to $22.00 and set a “hold” rating on the stock in a research report on Tuesday, December 17th. 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. Finally, Clarkson Capital raised shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 22nd. Five research 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 presently has an average rating of “Hold” and an average target price of $15.04.

ZIM Integrated Shipping Services Trading Down 7.9 %

Shares of ZIM traded down $1.63 during trading hours on Friday, reaching $19.09. 6,373,446 shares of the company traded hands, compared to its average volume of 5,174,415. The company’s fifty day moving average price is $22.09 and its two-hundred day moving average price is $20.79. 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 company has a market capitalization of $2.30 billion, a price-to-earnings ratio of 1.60, a price-to-earnings-growth ratio of 0.04 and a beta of 1.77. ZIM Integrated Shipping Services has a 12 month low of $9.08 and a 12 month high of $30.15.

Institutional Investors Weigh In On ZIM Integrated Shipping Services

Several institutional investors have recently modified their holdings of ZIM. Fairman Group LLC bought a new position in ZIM Integrated Shipping Services in the third quarter valued at about $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of ZIM Integrated Shipping Services in the 3rd quarter worth approximately $31,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of ZIM Integrated Shipping Services by 2,341.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,929 shares of the company’s stock worth $43,000 after buying an additional 1,850 shares during the last quarter. American Capital Advisory LLC bought a new stake in ZIM Integrated Shipping Services during the third quarter valued at approximately $69,000. Finally, Sunbelt Securities Inc. purchased a new stake in ZIM Integrated Shipping Services during the third quarter valued at approximately $71,000. 21.42% of the stock is owned by hedge funds and other institutional investors.

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.