JPMorgan Chase & Co. Has Lowered Expectations for ZIM Integrated Shipping Services (NYSE:ZIM) Stock Price

ZIM Integrated Shipping Services (NYSE:ZIM) had its price objective reduced by JPMorgan Chase & Co. from $10.00 to $9.50 in a report released on Friday morning,Benzinga reports. They currently have an underweight rating on the stock.

A number of other equities analysts have also commented on the company. 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. Clarkson Capital upgraded shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 22nd. Jefferies Financial Group reduced their price target on shares of ZIM Integrated Shipping Services from $28.00 to $22.00 and set a “hold” rating for the company in a research report on Tuesday, December 17th. Finally, Fearnley Fonds downgraded ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 21st. Five analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a strong buy rating to the stock. According to data from MarketBeat, ZIM Integrated Shipping Services presently has an average rating of “Hold” and a consensus price target of $14.84.

ZIM Integrated Shipping Services Stock Up 4.8 %

ZIM stock opened at $20.72 on Friday. 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 company has a market capitalization of $2.49 billion, a price-to-earnings ratio of 1.74, a PEG ratio of 0.27 and a beta of 1.70. ZIM Integrated Shipping Services has a fifty-two week low of $9.08 and a fifty-two week high of $30.15. The stock has a fifty day moving average of $19.37 and a 200-day moving average of $20.62.

Hedge Funds Weigh In On ZIM Integrated Shipping Services

A number of hedge funds and other institutional investors have recently bought and sold shares of ZIM. Altshuler Shaham Ltd raised its position in shares of ZIM Integrated Shipping Services by 650.0% during the 4th quarter. Altshuler Shaham Ltd now owns 1,500 shares of the company’s stock valued at $32,000 after buying an additional 1,300 shares in the last quarter. Employees Retirement System of Texas purchased a new stake in ZIM Integrated Shipping Services during the fourth quarter valued at about $45,000. Sunbelt Securities Inc. purchased a new stake in ZIM Integrated Shipping Services during the third quarter valued at about $71,000. Farther Finance Advisors LLC lifted its stake in ZIM Integrated Shipping Services by 467.6% during the third quarter. Farther Finance Advisors LLC now owns 2,974 shares of the company’s stock worth $76,000 after purchasing an additional 2,450 shares during the last quarter. Finally, Mark Sheptoff Financial Planning LLC boosted its holdings in shares of ZIM Integrated Shipping Services by 126.7% in the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 3,400 shares of the company’s stock worth $87,000 after purchasing an additional 1,900 shares in the last quarter. Hedge funds and other 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.