ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) is 8.73% higher on its value in year-to-date trading and has touched a low of $16.23 and a high of $91.23 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 $18.79 in the last trading session, with the day’s loss setting it -0.1% off its average median price target of $18.30 for the next 12 months. It is also 29.47% off the consensus price target high of $26.50 offered by 6 analysts, but current levels are -20.58% lower than the price target low of $15.50 for the same period.
Currently trading at $18.69, the stock is 6.91% and -5.85% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.79 million and changing -0.53% at the moment leaves the stock -51.64% off its SMA200. ZIM registered -67.84% loss for a year compared to 6-month loss of -59.78%.
The stock witnessed a 5.41% gain in the last 1 month and extending the period to 3 months gives it a -20.77%, and is 4.36% 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 4.84% over the week and 4.47% over the month.
ZIM Integrated Shipping Services Ltd. (ZIM) has around 4427 employees, a market worth around $2.14B and $13.84B in sales. Current P/E ratio is 0.38 and Fwd P/E is 21.78. Profit margin for the company is 42.70%. Distance from 52-week low is 15.14% and -79.51% from its 52-week high. The company has generated returns on investments over the last 12 months (60.70%).
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 “Underweight”. 6 analysts offering their recommendations for the stock have an average rating of 3.40, where 4 rate it as a Hold and 0 think it is a “Overweight”. 0 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.
ZIM Integrated Shipping Services Ltd. is expected to release its quarterly report on 05/17/2023.The EPS is expected to grow by 766.20% this year.
ZIM Integrated Shipping Services Ltd. (ZIM) Top Institutional Holders
The shares outstanding are 120.05M, and float is at 80.39M with Short Float at 22.06%.