In yesterday’s Wall Street session, Zim Integrated Shipping Services Ltd (NYSE:ZIM) shares traded at $7.50, down -3.85% from the previous session.
As of this writing, 5 analysts cover Zim Integrated Shipping Services Ltd (NYSE:ZIM). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $14.50 and a low of $8.70, we find $11.00. Given the previous closing price of $7.80, this indicates a potential upside of 41.03 percent. ZIM stock price is now -21.27% away from the 50-day moving average and -50.62% away from the 200-day moving average. The market capitalization of the company currently stands at $901.35M.
There are 2 analysts who have given it a hold rating, whereas 1 have given it a buy rating. Brokers who have rated the stock have averaged $11.54 as their price target over the next twelve months.
With the price target maintained at $15.40, JP Morgan recently Upgraded its rating from Neutral to Overweight for Zim Integrated Shipping Services Ltd (NYSE: ZIM).
A total of 20.68% of the company’s stock is owned by insiders.
Wednesday morning saw Zim Integrated Shipping Services Ltd (NYSE: ZIM) opened at $7.42. During the past 12 months, Zim Integrated Shipping Services Ltd has had a low of $7.03 and a high of $29.38. As of last week, the company has a debt-to-equity ratio of 1.01, a current ratio of 1.15, and a quick ratio of 1.08. The fifty day moving average price for ZIM is $9.53 and a two-hundred day moving average price translates $15.19 for the stock.
The latest earnings results from Zim Integrated Shipping Services Ltd (NYSE: ZIM) was released for Jun, 2023. According to the Marine Shipping Company, earnings per share came in at -$1.79, missing analysts’ expectations of -$0.88 by -0.91. This compares to $11.09 EPS in the same period last year. The net profit margin was 16.08% and return on equity was 25.81% for ZIM. The company reported revenue of $1.31 billion for the quarter, compared to $3.43 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -61.81 percent. For the current quarter, analysts expect ZIM to generate $1.32B in revenue.