Are You Looking To Buy ZIM Integrated Shipping Services Ltd. (ZIM)? First, Read This

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) trading with an addition of $2.31 to $46.43 on Thursday, an upside of 5.24 percent. An average of 3,787,041 shares of common stock have been traded in the last five days. There was a fall of -$4.88 in the past week. The last 20 days have seen an average of 2,849,435 shares traded, while the 50-day average volume stands at 2,548,518.

ZIM stock has decreased by -19.93% in the last month. The company shares reached their 1-month lowest point of $42.14 on 10/06/21. Shares of the company touched a low of $10.87 and a high of $62.20 in 52 weeks. In spite of this, the price is down -25.35% from the 52-week high.


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Valuation Metrics

ZIM Integrated Shipping Services Ltd. (ZIM) has a trailing price-to-earnings (P/E) ratio of 2.61, which compares with the 18.35 for the broader industry and 28.83 for the sector. This means investors are optimistic about the stock’s future prospects. In the last five years, ZIM Integrated Shipping Services Ltd.’s PE ratio has ranged between 6.094 and 2.032. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.80, the price-to-book (PB) ratio at 2.96, and the price-to-cash flow ratio at 1.98.

The company has a payout ratio of 0.00%. The company’s most recent quarterly dividend payment was $2.00 a share.

The quick ratio of ZIM Integrated Shipping Services Ltd. for the three months ended June 29 was 1.20, and the current ratio was 1.20, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.91 and a total debt to equity ratio of 1.37 for the quarter ending June 29. ZIM Integrated Shipping Services Ltd.’s EBITDA margin for the year ending June 29 is 25.37%, while its operating margin for the same period stands at 38.00%. Its gross profit as reported stood at $865.02 million compared to revenue of $3.99 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, ZIM Integrated Shipping Services Ltd.’s return on assets was 53.60%. For the broader industry, ROE averaged 13.58 over the past year.

Earnings Surprise

The analyst consensus anticipated ZIM Integrated Shipping Services Ltd.’s latest quarter earnings to come in at $5.22 per share, but it turned out to be $7.39, a 41.60% surprise. For the quarter, EBITDA amounted to $1.39 billion.

Technical Picture

From a technical analysis perspective, let’s take a brief look at ZIM Integrated Shipping Services Ltd. (ZIM) price momentum. RSI 9-day as of the close on 06 October was 33.23%, suggesting the stock is Neutral, with historical volatility in this time frame at 62.57%.

As of today, ZIM’s price is $45.49 -9.63% or -$4.88 from its 5-day moving average. ZIM is currently trading -21.12% lower than its 20-day SMA and +11.73% higher than its 100-day SMA. However, the stock’s current price level is +23.80% above the SMA50.

The stochastic %K and %D were 11.73% and 8.03%, respectively, and the average true range (ATR) was 3.31. With the 14-day stochastic at 20.96% and the average true range at 3.22, the RSI (14) stands at 38.32%. The stock has reached -3.98 on the 9-day MACD Oscillator while the 14-day reading was at -6.66.

Analyst Ratings

JP Morgan launched coverage on ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) in its analyst report released on September 22, 2021. The firm assigned the stock a an Underweight rating.The consensus rating for ZIM Integrated Shipping Services Ltd. (ZIM) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell ZIM, while 2 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 3 others rate it as a “buy”.

What is ZIM’s price target for the next 12 months?

Analysts predict a range of price targets between $46.02 and $90.00, with a median target of $67.00. Taking a look at these predictions, the average price target given by analysts for ZIM Integrated Shipping Services Ltd. (ZIM) stock is $64.57.

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