ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)’s traded shares stood at 2.22 million during the last session. At the close of trading, the stock’s price was $60.65, to imply an increase of 0.88% or $0.53 in intraday trading. The ZIM share’s 52-week high remains $60.80, putting it -0.25% down since that peak but still an impressive 82.08% since price per share fell to its 52-week low of $10.87. The company has a valuation of $6.91B, with an average of 2.71 million shares in intraday trading volume over the past 10 days and average of 2.20 million shares over the past 3 months.
Analysts have given a consensus recommendation of a Buy for ZIM Integrated Shipping Services Ltd. (ZIM), translating to a mean rating of 1.80. Of 5 analyst(s) looking at the stock, 0 analyst(s) give ZIM a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 4 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at $8.58.
ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) trade information
After registering a 0.88% upside in the last session, ZIM Integrated Shipping Services Ltd. (ZIM) has traded red over the past five days. The stock hit a weekly high of 62.20 this Thursday, 09/16/21, jumping 0.88% in its intraday price action. The 5-day price performance for the stock is 4.41%, and 39.02% over 30 days. With these gigs, the year-to-date price performance is 450.14%. Short interest in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) saw shorts transact 1.14 million shares and set a 0.49 days time to cover.
Analysts on Wall Street suggest a consensus price target of $70.20, implying an increase of 13.6% to the stock’s current value. The extremes give us $50.00 and $90.00 for target low and target high price respectively. As such, ZIM has been trading -48.39% off suggested target high and 17.56% from its likely low.
ZIM Integrated Shipping Services Ltd. (ZIM) estimates and forecasts
Looking at statistics comparing ZIM Integrated Shipping Services Ltd. share performance against respective industry, we note that the company has outperformed competitors. ZIM Integrated Shipping Services Ltd. (ZIM) shares are 137.48% up over the last 6 months, with its year-to-date growth rate higher than industry average at 520.56% against -5.50%. The rating firms project that company’s revenue will grow 141.80% compared to the previous financial year.
Revenue forecast for the current quarter as set by 2 analysts is $2.62 billion. Meanwhile, for the quarter ending Dec 2021, a total of 2 analyst(s) estimate revenue growth to $2.67 billion.Earnings reports from the last fiscal year show that sales brought in $1.01 billion and $1.36 billion respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 158.80% before jumping 96.40% in the following quarter.
ZIM Integrated Shipping Services Ltd. has its next earnings report out in October. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. ZIM Integrated Shipping Services Ltd. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)’s Major holders
ZIM Integrated Shipping Services Ltd. insiders hold 37.27% of total outstanding shares, with institutional holders owning 38.25% of the shares at 60.97% float percentage. In total, 38.25% institutions holds shares in the company, led by Deutsche Bank Aktiengesellschaft. As of Jun 29, 2021, the company held over 14.23 million shares (or 12.37% of shares), all amounting to roughly $639.4 million.
The next major institution holding the largest number of shares is Clal Insurance Enterprises Holdings Ltd with 3.14 million shares, or about 2.73% of shares outstanding. As of the market price on Jun 29, 2021, these shares were worth $141.26 million.
We also have Evermore Global Value Fd and Driehaus Small Cap Growth Fund as the top two Mutual Funds with the largest holdings of the ZIM Integrated Shipping Services Ltd. (ZIM) shares. Going by data provided on Jun 29, 2021, Evermore Global Value Fd holds roughly 0.14 million shares. This is just over 0.12% of the total shares, with a market valuation of $6.38 million. Data from the same date shows that the other fund manager holds a little less at 88349.0, or 0.08% of the shares, all valued at about 3.97 million.