Barclays Issues Pessimistic Forecast for ZIM Integrated Shipping Services (NYSE:ZIM) Stock Price

ZIM Integrated Shipping Services (NYSE:ZIM) had its price objective decreased by research analysts at Barclays from $16.50 to $16.00 in a report issued on Friday,Benzinga reports. The brokerage currently has an “underweight” rating on the stock. Barclays‘s price objective points to a potential downside of 16.62% from the company’s current price.

Several other equities research analysts have also commented on ZIM. Fearnley Fonds lowered ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 21st. Clarkson Capital raised shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a report on Friday, November 22nd. Finally, Jefferies Financial Group cut their price objective on shares of ZIM Integrated Shipping Services from $28.00 to $22.00 and set a “hold” rating for the company in a report on Tuesday, December 17th. Five investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a strong buy rating to the company. According to MarketBeat, ZIM Integrated Shipping Services currently has a consensus rating of “Hold” and a consensus price target of $15.04.

ZIM Integrated Shipping Services Price Performance

Shares of NYSE:ZIM opened at $19.19 on Friday. The company has a current ratio of 1.33, a quick ratio of 1.26 and a debt-to-equity ratio of 1.11. ZIM Integrated Shipping Services has a twelve month low of $9.08 and a twelve month high of $30.15. The company’s 50 day moving average is $21.98 and its 200 day moving average is $20.78. The company has a market cap of $2.31 billion, a PE ratio of 1.61, a price-to-earnings-growth ratio of 0.04 and a beta of 1.77.

Institutional Investors Weigh In On ZIM Integrated Shipping Services

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Van ECK Associates Corp lifted its holdings in shares of ZIM Integrated Shipping Services by 1.6% in the 3rd quarter. Van ECK Associates Corp now owns 38,079 shares of the company’s stock worth $977,000 after acquiring an additional 591 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake 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 worth $1,137,000 after purchasing an additional 915 shares in the last quarter. Fairman Group LLC acquired a new position in ZIM Integrated Shipping Services during the third quarter worth $26,000. Olympiad Research LP boosted its holdings in ZIM Integrated Shipping Services by 12.9% during the 3rd quarter. Olympiad Research LP now owns 10,588 shares of the company’s stock valued at $272,000 after acquiring an additional 1,212 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in ZIM Integrated Shipping Services in the 3rd quarter valued at about $31,000. 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.