ZIM Integrated Shipping Services Sees Unusually Large Options Volume (NYSE:ZIM)

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) saw some unusual options trading activity on Wednesday. Stock traders purchased 42,997 call options on the company. This represents an increase of 34% compared to the typical volume of 32,121 call options.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On ZIM Integrated Shipping Services

A number of large investors have recently made changes to their positions in ZIM. Fairman Group LLC acquired a new position in ZIM Integrated Shipping Services in the 3rd quarter valued at $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of ZIM Integrated Shipping Services in the third quarter valued at about $31,000. Northwestern Mutual Wealth Management Co. increased its position in ZIM Integrated Shipping Services by 2,341.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,929 shares of the company’s stock worth $43,000 after acquiring an additional 1,850 shares during the period. Russell Investments Group Ltd. boosted its holdings in ZIM Integrated Shipping Services by 1,431.1% in the 1st quarter. Russell Investments Group Ltd. now owns 6,063 shares of the company’s stock valued at $61,000 after purchasing an additional 5,667 shares during the period. Finally, American Capital Advisory LLC acquired a new position in shares of ZIM Integrated Shipping Services during the 3rd quarter worth approximately $69,000. Institutional investors own 21.42% of the company’s stock.

ZIM Integrated Shipping Services Stock Performance

Shares of NYSE ZIM opened at $27.01 on Thursday. ZIM Integrated Shipping Services has a 12 month low of $6.39 and a 12 month high of $30.15. The stock has a 50 day moving average of $22.55 and a 200-day moving average of $20.38. The company has a current ratio of 1.04, a quick ratio of 0.97 and a debt-to-equity ratio of 1.41. The company has a market capitalization of $3.25 billion, a P/E ratio of -1.66, a P/E/G ratio of 0.04 and a beta of 1.88.

ZIM Integrated Shipping Services (NYSE:ZIM) last announced its quarterly earnings results on Monday, August 19th. The company reported $3.08 EPS for the quarter, beating analysts’ consensus estimates of $2.07 by $1.01. ZIM Integrated Shipping Services had a negative net margin of 32.81% and a positive return on equity of 2.89%. The business had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same quarter in the prior year, the business earned ($1.37) EPS. As a group, equities research analysts predict that ZIM Integrated Shipping Services will post 13.65 EPS for the current year.

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.