In yesterday’s Wall Street session, Zim Integrated Shipping Services Ltd (NYSE:ZIM) shares traded at $6.93, up 5.16% from the previous session.
As of this writing, 7 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 $5.00, we find $6.40. Given the previous closing price of $6.59, this indicates a potential downside of -2.88 percent. ZIM stock price is now -20.72% away from the 50-day moving average and -52.31% away from the 200-day moving average. The market capitalization of the company currently stands at $832.85M.
There are 5 analysts who have given it a hold rating, whereas 0 have given it a buy rating. Brokers who have rated the stock have averaged $7.73 as their price target over the next twelve months.
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 $6.63. During the past 12 months, Zim Integrated Shipping Services Ltd has had a low of $6.39 and a high of $25.12. 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 $8.74 and a two-hundred day moving average price translates $14.53 for the stock.
The latest earnings results from Zim Integrated Shipping Services Ltd (NYSE: ZIM) was released for Sep, 2023. According to the Marine Shipping Company, earnings per share came in at -$1.74, missing analysts’ expectations of -$1.3 by -0.44. This compares to $9.68 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 $1.27 billion for the quarter, compared to $3.23 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -60.56 percent. For the current quarter, analysts expect ZIM to generate $1.27B in revenue.
Zim Integrated Shipping Services Ltd(ZIM) 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. The company also offers ZIMonitor, a premium reefer cargo tracking service. As of December 31, 2022, it operated a fleet of 150 vessels, which included 139 container vessels and 11 vehicle transport vessels, of which nine vessels were owned by it and 141 vessels are chartered-in; and network of 67 weekly lines. The company was incorporated in 1945 and is headquartered in Haifa, Israel.
