In the latest trading session, 1.98 million Zim Integrated Shipping Services Ltd (NYSE:ZIM) shares changed hands as the company’s beta touched 1.64. With the company’s most recent per share price at $18.97 changing hands around $0.54 or 2.93% at last look, the market valuation stands at $2.29B. ZIM’s current price is a discount, trading about -52.87% off its 52-week high of $29.00. The share price had its 52-week low at $8.73, which suggests the last value was 53.98% up since then. When we look at Zim Integrated Shipping Services Ltd’s average trading volume, we note the 10-day average is 8.41 million shares, with the 3-month average coming to 5.67 million.
Analysts gave the Zim Integrated Shipping Services Ltd (ZIM) stock a consensus recommendation rating of Buy, calculated at a mean rating of 4.00. If we narrow down to specifics, the data shows that 2 out of 4 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended ZIM as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight. Zim Integrated Shipping Services Ltd’s EPS for the current quarter is expected to be 1.83.
Zim Integrated Shipping Services Ltd (NYSE:ZIM) trade information
Instantly ZIM is in green as seen in intraday trades today. With action -6.60%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -11.64%, with the 5-day performance at -6.60% in the red. However, in the 30-day time frame, Zim Integrated Shipping Services Ltd (NYSE:ZIM) is -5.76% down. Looking at the short shares, we see there were 14.42 million shares sold at short interest cover period of 2.92 days.
The consensus price target for the stock as assigned by Wall Street analysts is 13.9, meaning bulls need a downside of -36.47% from its recent market value. According to analyst projections, ZIM’s forecast low is 13.9 with 13.9 as the target high. To hit the forecast high, the stock’s price needs a 26.73% surge from its current level, while the stock would need to tank 26.73% for it to hit the projected low.
Zim Integrated Shipping Services Ltd (ZIM) estimates and forecasts
Year-over-year growth is forecast to reach -21.18% down from the last financial year.
Consensus estimates given by 2 financial analysts project the company’s revenue in the current quarter to hit an average of 1.84B. 2 analysts are of the opinion that Zim Integrated Shipping Services Ltd’s revenue for the current quarter will be 1.79B. The company’s revenue for the corresponding quarters a year ago was 1.56B and 1.93B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 17.80%. The estimates for the next quarter sales put growth at -7.59%.
Zim Integrated Shipping Services Ltd (NYSE:ZIM)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 1.17% of Zim Integrated Shipping Services Ltd shares while 54.63% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 55.27%. There are 54.63% institutions holding the Zim Integrated Shipping Services Ltd stock share, with D. E. SHAW & CO., INC. the top institutional holder. As of 2024-06-30, the company held 4.0268% of the shares, roughly 4.85 million ZIM shares worth $107.43 million.
GREENVALE CAPITAL LLP holds the second largest percentage of outstanding shares, with 3.5817% or 4.31 million shares worth $95.56 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were Avantis International Small Cap Value ETF and iShares Core MSCI EAFE ETF. With 1.61 shares estimated at $30.38 million under it, the former controlled 1.34% of total outstanding shares. On the other hand, iShares Core MSCI EAFE ETF held about 0.55% of the shares, roughly 657.29 shares worth around $12.42 million.
