ZIM Integrated Shipping Services Ltd. (ZIM): These Numbers Show Where NYSE:ZIM Stock Is Going Next

ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) is 125.39% higher on its value in year-to-date trading and has touched a low of $11.34 and a high of $28.78 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ZIM stock was last observed hovering at around $26.40 in the last trading session, with the day’s loss setting it -0.48% off its average median price target of $31.50 for the next 12 months. It is also 42.4% off the consensus price target high of $45.00 offered by 6 analysts, but current levels are -29.6% lower than the price target low of $20.00 for the same period.

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Currently trading at $25.92, the stock is 5.38% and 24.25% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.69 million and changing -1.82% at the moment leaves the stock 24.25% off its SMA200. The firm has a 50-day simple moving average (SMA 50) of $22.76 and a 200-day simple moving average (SMA200) of $20.74.

The stock witnessed a 34.30% in the last 1 month, and is 5.88% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.70% over the week and 9.36% over the month.

ZIM Integrated Shipping Services Ltd. (ZIM) has around 3782 employees, a market worth around $2.74B and $3.46B in sales. Current P/E ratio is 19.46 and Fwd P/E is 10.25. Profit margin for the company is 4.40%. Distance from 52-week low is 128.57% and -9.94% from its 52-week high. The company has generated returns on investments over the last 12 months (10.90%).

ZIM Integrated Shipping Services Ltd. (ZIM) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for ZIM Integrated Shipping Services Ltd. (ZIM) is a “Overweight”. 6 analysts offering their recommendations for the stock have an average rating of 1.80, where 2 rate it as a Hold and 0 think it is a “Overweight”. 4 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

ZIM Integrated Shipping Services Ltd. is expected to release its quarterly report on 09/01/2021 and quarterly earnings per share for the current quarter are estimated at $4.26 with sales reaching $1.6B over the same period.The EPS is expected to grow by 85.60% this year, but quarterly earnings will post 32.10% year-over-year.

ZIM Integrated Shipping Services Ltd. (ZIM) Top Institutional Holders

3 institutions hold shares in ZIM Integrated Shipping Services Ltd. (ZIM), with 50.36M shares held by insiders accounting for 50.36% while institutional investors hold 8.90% of the company’s shares. The shares outstanding are 105.71M, and float is at 56.58M with Short Float at 0.25%. Institutions hold 4.42% of the Float.

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