ZIM Integrated Shipping surges as Jefferies says well positioned for port strike
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 30 2024
0mins
Source: SeekingAlpha
Stock Performance: ZIM Integrated Shipping Services saw a 6.3% increase, reaching a 52-week intraday high of $26.20.
Industry Positioning: The company, along with A.P. Moeller-Maersk and Hapag-Lloyd, is recognized as "best levered" in the shipping industry.
Analyst Views on ZIM
Wall Street analysts forecast ZIM stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for ZIM is 13.92 USD with a low forecast of 8.70 USD and a high forecast of 20.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
5 Analyst Rating
0 Buy
2 Hold
3 Sell
Moderate Sell
Current: 22.060
Low
8.70
Averages
13.92
High
20.00
Current: 22.060
Low
8.70
Averages
13.92
High
20.00
About ZIM
Zim Integrated Shipping Services Ltd is an Israel-based company. It operates as fleet and a network of shipping lines offering cargo transportation services on all major global trade routes, it also offers multi-modal, cargo handling, tariff management, schedule information, and other related services supported by the company's local offices and representatives around the world.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
