Stocks of Zim Integrated Shipping Services Ltd (NYSE:ZIM) traded higher last session on Wall Street, down -3.72% to $21.25.
ZIM stock price is now 61.47% away from the 50-day moving average and 88.62% away from the 200-day moving average. The market capitalization of the company currently stands at $2.56B.
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With the price target enhanced from $14 to $20, Jefferies Upgraded its rating from Hold to Buy for Zim Integrated Shipping Services Ltd (NYSE: ZIM). , while the JP Morgan previously rated the stock as ‘Overweight’ on September 18, 2023.
A total of 21.72% of the company’s stock is owned by insiders.
During the past 12 months, Zim Integrated Shipping Services Ltd has had a low of $6.39 and a high of $22.34. As of last week, the company has a debt-to-equity ratio of 2.11, a current ratio of 0.98, and a quick ratio of 0.90. The fifty day moving average price for ZIM is $13.1606 and a two-hundred day moving average price translates $11.2662 for the stock.
The latest earnings results from Zim Integrated Shipping Services Ltd (NYSE: ZIM) was released for 2024-03-31. According to the Marine Shipping Company, earnings per share came in at -1.79, missing analysts’ expectations of -0.88 by -0.91. This compares to -$0.48 EPS in the same period last year. The net profit margin was -47.59% and return on equity was -66.79% for ZIM. The company reported revenue of $1.56 billion for the quarter, compared to $1.37 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 13.66 percent. For the current quarter, analysts expect ZIM to generate $1.61B in revenue.
