why ZIM Integrated Shipping Services Ltd. [ZIM] is a Good Choice for Investors After New Price Target of $30.27

ZIM Integrated Shipping Services Ltd. [NYSE: ZIM] jumped around 0.54 points on Tuesday, while shares priced at $24.91 at the close of the session, up 2.22%. The company report on November 16, 2022 that ZIM Reports Financial Results for the Third Quarter and First Nine Months of 2022.


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Recorded Q3 2022 Net Income of $1.17 Billion; Continued to Deliver Very Strong Operating Margins.

Delivered Record Results for the First Nine Months of 2022, including Net Income of $4.2 Billion .

ZIM Integrated Shipping Services Ltd. stock is now -57.68% down from its year-to-date (YTD) trading value. ZIM Stock saw the intraday high of $25.25 and lowest of $24.38 per share. The company’s 52-week high price is 91.23, which means current price is +11.53% above from all time high which was touched on 03/17/22.

Compared to the average trading volume of 5.03M shares, ZIM reached a trading volume of 3553716 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about ZIM Integrated Shipping Services Ltd. [ZIM]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ZIM shares is $30.27 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ZIM stock is a recommendation set at 2.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Citigroup have made an estimate for ZIM Integrated Shipping Services Ltd. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on August 22, 2022. While these analysts kept the previous recommendation, Jefferies raised their target price to Hold. The new note on the price target was released on July 21, 2022, representing the official price target for ZIM Integrated Shipping Services Ltd. stock. Previously, the target price had yet another drop from $79 to $40, while BofA Securities kept a Underperform rating on ZIM stock. On June 17, 2022, analysts increased their price target for ZIM shares from 43.60 to 53.30.

The Average True Range (ATR) for ZIM Integrated Shipping Services Ltd. is set at 1.56, with the Price to Sales ratio for ZIM stock in the period of the last 12 months amounting to 0.22. The Price to Book ratio for the last quarter was 0.51, with the Price to Cash per share for the same quarter was set at 25.49. Price to Free Cash Flow for ZIM in the course of the last twelve months was 0.50 with Quick ratio for the last quarter at 1.50.

How has ZIM stock performed recently?

ZIM Integrated Shipping Services Ltd. [ZIM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.54. With this latest performance, ZIM shares gained by 3.40% in over the last four-week period, additionally sinking by -64.33% over the last 6 months – not to mention a drop of -56.30% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ZIM stock in for the last two-week period is set at 48.60, with the RSI for the last a single of trading hit 49.44, and the three-weeks RSI is set at 46.20 for ZIM Integrated Shipping Services Ltd. [ZIM]. The present Moving Average for the last 50 days of trading for this stock 25.14, while it was recorded at 25.32 for the last single week of trading, and 49.66 for the last 200 days.

ZIM Integrated Shipping Services Ltd. [ZIM]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and ZIM Integrated Shipping Services Ltd. [ZIM] shares currently have an operating margin of +54.02 and a Gross Margin at +56.33. ZIM Integrated Shipping Services Ltd.’s Net Margin is presently recorded at +43.25.

Return on Equity for this stock inclined to 190.99, with Return on Assets sitting at 73.27.

ZIM Integrated Shipping Services Ltd.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.50 and a Current Ratio set at 1.60.

Insider trade positions for ZIM Integrated Shipping Services Ltd. [ZIM]

There are presently around $1,098 million, or 38.60% of ZIM stock, in the hands of institutional investors. The top three institutional holders of ZIM stocks are: ARROWSTREET CAPITAL, LIMITED PARTNERSHIP with ownership of 3,882,162, which is approximately 3.015% of the company’s market cap and around 33.04% of the total institutional ownership; BLACKROCK INC., holding 3,361,309 shares of the stock with an approximate value of $83.73 million in ZIM stocks shares; and RENAISSANCE TECHNOLOGIES LLC, currently with $75.04 million in ZIM stock with ownership of nearly 6.709% of the company’s market capitalization.

Positions in ZIM Integrated Shipping Services Ltd. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 127 institutional holders increased their position in ZIM Integrated Shipping Services Ltd. [NYSE:ZIM] by around 6,969,990 shares. Additionally, 159 investors decreased positions by around 14,254,908 shares, while 32 investors held positions by with 22,855,609 shares. The mentioned changes placed institutional holdings at 44,080,507 shares, according to the latest SEC report filing. ZIM stock had 39 new institutional investments in for a total of 1,473,996 shares, while 78 institutional investors sold positions of 4,154,753 shares during the same period.

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