Zim Integrated Shipping Services Ltd [ZIM] stock is trading at $19.06, down -1.19%. An important factor to consider is whether the stock is rising or falling in short-term value. The ZIM shares have gain 3.03% over the last week, with a monthly amount glided 4.15%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Zim Integrated Shipping Services Ltd [NYSE: ZIM] stock has seen the most recent analyst activity on June 06, 2024, when Citigroup downgraded its rating to a Sell but kept the price target unchanged to $13 for it. Previously, Jefferies upgraded its rating to Buy on January 29, 2024, and elevated its price target to $20. On November 17, 2023, downgrade downgraded it’s rating to Neutral. JP Morgan upgraded its rating to a Overweight but stick to its price target of $15.40 on September 18, 2023. JP Morgan downgraded its rating to a Neutral and reduced its price target to $20.80 on April 21, 2023. JP Morgan upgraded its rating to Overweight for this stock on February 17, 2023, and upped its price target to $30.40. In a note dated February 13, 2023, Barclays downgraded an Underweight rating on this stock and revised its target price from $26.50 to $15.
Zim Integrated Shipping Services Ltd [ZIM] stock has fluctuated between $6.39 and $23.82 over the past year. Currently, Wall Street analysts expect the stock to reach $14.9 within the next 12 months. Zim Integrated Shipping Services Ltd [NYSE: ZIM] shares were valued at $19.06 at the most recent close of the market. An investor can expect a potential drop of -21.83% based on the average ZIM price forecast.
Analyzing the ZIM fundamentals
Zim Integrated Shipping Services Ltd [NYSE:ZIM] reported sales of 5.35B for the trailing twelve months, which represents a growth of 13.66%. Gross Profit Margin for this corporation currently stands at -0.38% with Operating Profit Margin at -0.44%, Pretax Profit Margin comes in at -0.5%, and Net Profit Margin reading is -0.48%. To continue investigating profitability, this company’s Return on Assets is posted at -0.29, Equity is -0.82 and Total Capital is -0.37. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.65.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 18.67 points at the first support level, and at 18.28 for the second support level. However, for the 1st resistance point, the stock is sitting at 19.51, and for the 2nd resistance point, it is at 19.96.
Ratios To Look Out For
For context, Zim Integrated Shipping Services Ltd’s Current Ratio is 0.98. On the other hand, the Quick Ratio is 0.90, and the Cash Ratio is 0.27. Considering the valuation of this stock, the price to sales ratio is 0.43, the price to book ratio is 0.90.
