Top investors say ZIM Integrated Shipping Services Ltd. (ZIM) ticks everything they need

ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) stock jumped 5.00% on Monday to $11.55 against a previous-day closing price of $11.00. With 4.48 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.54 million shares. During the session, the Marine Shipping company that operates in wider Industrials sector, reached to the highest price of $12.03 whereas the lowest price it dropped to was $11.42. The 52-week range on ZIM shows that it touched its highest point at $29.98 and its lowest point at $11.00 during that stretch. It currently has a 1-year price target of $12.93. Beta for the stock currently stands at 1.95.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ZIM was up-trending over the past week, with a rise of 1.05%, but this was down by -6.78% over a month. Three-month performance dropped to -11.15% while six-month performance fell -51.83%. The stock lost -62.54% in the past year, while it has lost -32.81% so far this year. A look at the trailing 12-month EPS for ZIM yields 10.81 with Next year EPS estimates of -4.03. For the next quarter, that number is -1.14. This implies an EPS growth rate of -1.70% for this year and 9.00% for next year.

Float and Shares Shorts:

At present, 120.19 million ZIM shares are outstanding with a float of 93.86 million shares on hand for trading. On Aug 30, 2023, short shares totaled 17.77 million, which was 14.78% higher than short shares on Jul 30, 2023. In addition to Mr. Eliyahu Glickman as the firm’s Pres & CEO, Mr. Xavier Destriau serves as its Exec. VP & CFO.

Institutional Ownership:

Through their ownership of 23.37% of ZIM’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 7.68% of ZIM, in contrast to 11.12% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in ZIM with 2.24% of the stake, Menora Mivtachim Insurance Ltd. holds 2,691,036 shares worth 2,691,036. A second-largest stockholder of ZIM, BlackRock Fund Advisors, holds 2,047,951 shares, controlling over 1.70% of the firm’s shares. Citadel Securities LLC is the third largest shareholder in ZIM, holding 1,652,108 shares or 1.38% stake. With a 1.06% stake in ZIM, the Mackenzie Global Equity Income Fu is the largest stakeholder. A total of 1,274,850 shares are owned by the mutual fund manager. The Avantis International Small Cap V, which owns about 0.62% of ZIM stock, is the second-largest Mutual Fund holder. It holds 744,682 shares valued at 8.99 million. Government Pension Fund – Global holds 0.62% of the stake in ZIM, owning 743,874 shares worth 8.98 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, ZIM reported revenue of $3.43B and operating income of $1.76B. The EBITDA in the recently reported quarter was $2.13B and diluted EPS was $11.07.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ZIM since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With ZIM analysts setting a high price target of $15.40 and a low target of $10.60, the average target price over the next 12 months is $12.90. Based on these targets, ZIM could surge 33.33% to reach the target high and fall by -8.23% to reach the target low. Reaching the average price target will result in a growth of 11.69% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

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