ZIM Integrated Shipping Services (NYSE:ZIM) Stock Rating Lowered by Fearnley Fonds

ZIM Integrated Shipping Services (NYSE:ZIM) was downgraded by Fearnley Fonds from a “hold” rating to a “strong sell” rating in a research note issued to investors on Thursday,Zacks.com reports.

A number of other analysts have also recently commented on the stock. Jefferies Financial Group reaffirmed a “hold” rating and set a $25.00 price target on shares of ZIM Integrated Shipping Services in a research report on Wednesday. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $10.50 target price on shares of ZIM Integrated Shipping Services in a research note on Tuesday, September 10th. Barclays boosted their price target on ZIM Integrated Shipping Services from $12.30 to $13.90 and gave the company an “underweight” rating in a research note on Wednesday, October 23rd. Finally, Bank of America raised their price objective on shares of ZIM Integrated Shipping Services from $12.20 to $13.70 and gave the stock an “underperform” rating in a research report on Wednesday, August 28th. Five equities research analysts have rated the stock with a sell rating and one has issued a hold rating to the stock. According to data from MarketBeat.com, ZIM Integrated Shipping Services presently has a consensus rating of “Reduce” and a consensus price target of $15.22.

ZIM Integrated Shipping Services Stock Down 1.8 %

Shares of ZIM opened at $23.79 on Thursday. The stock’s 50-day moving average price is $22.78 and its two-hundred day moving average price is $20.47. ZIM Integrated Shipping Services has a 12 month low of $6.39 and a 12 month high of $30.15. The company has a market capitalization of $2.86 billion, a PE ratio of 1.99, a PEG ratio of 0.04 and a beta of 1.88. The company has a current ratio of 1.33, a quick ratio of 0.97 and a debt-to-equity ratio of 1.11.

Hedge Funds Weigh In On ZIM Integrated Shipping Services

Institutional investors have recently modified their holdings of the business. Van ECK Associates Corp grew its position in shares of ZIM Integrated Shipping Services by 1.6% during the 3rd quarter. Van ECK Associates Corp now owns 38,079 shares of the company’s stock valued at $977,000 after acquiring an additional 591 shares during the period. Janney Montgomery Scott LLC grew its holdings in ZIM Integrated Shipping Services by 2.1% during the third quarter. Janney Montgomery Scott LLC now owns 44,292 shares of the company’s stock valued at $1,137,000 after purchasing an additional 915 shares during the period. Fairman Group LLC purchased a new stake in ZIM Integrated Shipping Services in the third quarter worth $26,000. Olympiad Research LP raised its stake in shares of ZIM Integrated Shipping Services by 12.9% in the third quarter. Olympiad Research LP now owns 10,588 shares of the company’s stock valued at $272,000 after buying an additional 1,212 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of ZIM Integrated Shipping Services during the 3rd quarter valued at $31,000. 21.42% of the stock is owned by 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.