ZIM Integrated Shipping Services (NYSE:ZIM) Given New $9.50 Price Target at JPMorgan Chase & Co.

ZIM Integrated Shipping Services (NYSE:ZIM) had its target price trimmed by JPMorgan Chase & Co. from $10.00 to $9.50 in a research report released on Friday,Benzinga reports. The firm currently has an underweight rating on the stock.

A number of other research analysts have also weighed in on ZIM. Barclays cut their target price on shares of ZIM Integrated Shipping Services from $16.50 to $16.00 and set an “underweight” rating for the company in a research report on Friday, January 10th. Jefferies Financial Group cut their target price on shares of ZIM Integrated Shipping Services from $28.00 to $22.00 and set a “hold” rating for the company in a research report on Tuesday, December 17th. Fearnley Fonds lowered shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 21st. Finally, Clarkson Capital raised shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 22nd. Five investment analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $14.84.

ZIM Integrated Shipping Services Trading Up 4.8 %

Shares of NYSE:ZIM opened at $20.72 on Friday. The stock has a market capitalization of $2.49 billion, a PE ratio of 1.74, a P/E/G ratio of 0.27 and a beta of 1.70. ZIM Integrated Shipping Services has a 1 year low of $9.08 and a 1 year high of $30.15. The firm has a fifty day moving average price of $19.39 and a 200 day moving average price of $20.65. The company has a current ratio of 1.33, a quick ratio of 1.26 and a debt-to-equity ratio of 1.11.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in ZIM. Renaissance Technologies LLC raised its position in shares of ZIM Integrated Shipping Services by 50.0% during the fourth quarter. Renaissance Technologies LLC now owns 5,726,631 shares of the company’s stock valued at $122,951,000 after buying an additional 1,909,480 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of ZIM Integrated Shipping Services by 33.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,784,352 shares of the company’s stock valued at $81,250,000 after buying an additional 940,587 shares during the last quarter. BNP Paribas Financial Markets acquired a new position in shares of ZIM Integrated Shipping Services during the fourth quarter valued at about $16,381,000. JPMorgan Chase & Co. raised its position in shares of ZIM Integrated Shipping Services by 59.4% during the third quarter. JPMorgan Chase & Co. now owns 1,811,447 shares of the company’s stock valued at $46,482,000 after buying an additional 674,723 shares during the last quarter. Finally, Point72 Asset Management L.P. acquired a new position in ZIM Integrated Shipping Services in the fourth quarter worth about $14,324,000. Institutional investors and hedge funds own 21.42% of the company’s stock.

ZIM Integrated Shipping Services 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.