ZIM Integrated Shipping Services (NYSE:ZIM) Reaches New 1-Year High – Time to Buy?

Shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $30.44 and last traded at $30.2950, with a volume of 270068 shares changing hands. The stock had previously closed at $30.10.

Analyst Ratings Changes

A number of brokerages have weighed in on ZIM. Barclays set a $30.00 price target on shares of ZIM Integrated Shipping Services and gave the company an “equal weight” rating in a report on Monday, September 14th. Weiss Ratings reissued a “hold (c-)” rating on shares of ZIM Integrated Shipping Services in a research report on Wednesday, September 2nd. JPMorgan Chase & Co. lifted their price objective on ZIM Integrated Shipping Services from $9.00 to $16.50 and gave the stock an “underweight” rating in a report on Tuesday, June 30th. Finally, Zacks Research lowered ZIM Integrated Shipping Services from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 31st. One analyst has rated the stock with a Strong Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, ZIM Integrated Shipping Services presently has an average rating of “Hold” and a consensus price target of $21.50.

ZIM Integrated Shipping Services Trading Up 0.1%

The company has a 50 day moving average of $26.95 and a 200 day moving average of $26.32. The company has a current ratio of 1.24, a quick ratio of 1.15 and a debt-to-equity ratio of 1.09. The firm has a market cap of $3.63 billion, a price-to-earnings ratio of 26.20 and a beta of 1.18.

ZIM Integrated Shipping Services (NYSE:ZIM) last released its quarterly earnings results on Thursday, August 20th. The company reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.27). The firm had revenue of $1.78 billion during the quarter, compared to analyst estimates of $1.79 billion. ZIM Integrated Shipping Services had a net margin of 2.15% and a return on equity of 1.11%. As a group, research analysts anticipate that ZIM Integrated Shipping Services Ltd. will post 3.15 EPS for the current year.

Insider Buying and Selling at ZIM Integrated Shipping Services

In other ZIM Integrated Shipping Services news, Director Birger Meyer-Gloeckner sold 1,531 shares of the firm’s stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $28.50, for a total transaction of $43,633.50. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Saar Dotan sold 26,544 shares of the company’s stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $29.85, for a total value of $792,338.40. Following the completion of the sale, the executive vice president directly owned 67,200 shares of the company’s stock, valued at approximately $2,005,920. This trade represents a 28.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 320,122 shares of company stock valued at $9,114,905 over the last quarter. 1.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On ZIM Integrated Shipping Services

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Clal Insurance Enterprises Holdings Ltd acquired a new position in shares of ZIM Integrated Shipping Services in the 4th quarter valued at $89,845,000. Meitav Investment House Ltd. lifted its holdings in ZIM Integrated Shipping Services by 13.7% during the first quarter. Meitav Investment House Ltd. now owns 3,906,396 shares of the company’s stock worth $102,934,000 after acquiring an additional 472,092 shares in the last quarter. Yelin Lapidot Holdings Management Ltd. grew its stake in ZIM Integrated Shipping Services by 1.2% in the second quarter. Yelin Lapidot Holdings Management Ltd. now owns 3,308,773 shares of the company’s stock valued at $86,028,000 after acquiring an additional 40,000 shares during the period. Renaissance Technologies LLC increased its holdings in shares of ZIM Integrated Shipping Services by 2.0% in the first quarter. Renaissance Technologies LLC now owns 2,936,288 shares of the company’s stock worth $77,371,000 after acquiring an additional 58,603 shares in the last quarter. Finally, Oddo BHF Asset Management Sas acquired a new stake in shares of ZIM Integrated Shipping Services during the first quarter worth about $30,302,000. 21.42% of the stock is owned by institutional investors.

ZIM Integrated Shipping Services Company Profile

ZIM Integrated Shipping Services Ltd. is a global container liner company headquartered in Haifa, Israel. The company provides ocean transportation for containerized cargo, connecting ports and commercial markets across major international trade routes.

ZIM’s services include scheduled container shipping, cargo transportation, and related logistics solutions. Its offerings support a range of cargo types, including dry goods, refrigerated products, hazardous materials, and vehicles. The company also provides digital tools and customer services designed to support booking, shipment management, documentation, and supply-chain visibility.

Founded in 1945, ZIM has developed from an Israeli shipping company into an international carrier serving customers through a network of vessels, ports, terminals, and logistics partners.