Why Did ZIM Stock Drop? There are a few reasons: the market expecting lower containership rates, liners saying they're going to hold prices where they are instead of raising them further, potential for large shareholders to exit and President Biden announcing a plan to reduce congestion at the west coast ports.
Is Zim integrated shipping (Zim) stock falling?
The ZIM Integrated Shipping Services Ltd. stock price fell by -2.86% on the last day (Wednesday, 19th Jan 2022) from $63.34 to $61.53. and has now fallen 3 days in a row. During the day the stock fluctuated 5.55% from a day low at $61.26 to a day high of $64.66.
What has happened to Zim?
Since the peak on March 17, ZIM has shed 38% of its value into this week’s low. Luckily and since it had just rallied hard, the disappointment is only on a relative basis.
Is Zim heading towards $52 per share?
The harsh correction brought ZIM back to the 2022 breakout base. Usually when stocks fall into such pivotal zones, they find buyers lurking. However, this is not likely to be a sharp line in the sand. It is more likely that the support will extend into a zone stretching towards $52 per share.
How does Zim integrated shipping services's PE ratio compare to its peers?
The P/E ratio of ZIM Integrated Shipping Services is 2.01, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 13.51. ZIM Integrated Shipping Services has a P/B Ratio of 23.58.
Is ZIM a good stock to buy now?
The financial health and growth prospects of ZIM, demonstrate its potential to outperform the market. It currently has a Growth Score of A. Recent price changes and earnings estimate revisions indicate this stock lacks momentum and would be a lackluster choice for momentum investors.
Is ZIM a buy or sell?
ZIM Integrated Shipping Services has received a consensus rating of Hold. The company's average rating score is 2.40, and is based on 2 buy ratings, 3 hold ratings, and no sell ratings.
Will ZIM stock go up?
Stock Price Forecast The 6 analysts offering 12-month price forecasts for ZIM Integrated Shipping Services Ltd have a median target of 77.50, with a high estimate of 120.00 and a low estimate of 53.30. The median estimate represents a +55.00% increase from the last price of 50.00.
Should I invest in ZIM Integrated Shipping Services?
ZIM Integrated Shipping Services is currently a Zacks Rank #2 (Buy). Valuation is also important, so investors should note that ZIM Integrated Shipping Services has a Forward P/E ratio of 1.59 right now. This represents a discount compared to its industry's average Forward P/E of 4.13.
Is ZIM stock a good long-term investment?
But ZIM is a good dividend stock based on criteria such as dividend payout ratio, dividend yield, and dividend safety. ZIM is a Buy, considering that it is both a good long-term investment and an attractive dividend play.
Is ZIM undervalued?
Zim Integrated Shipping Services Ltd (NYSE:ZIM) stock is undervalued. Its price increased by 110% in the last 12 months. The stock's price reached from $29 on 20 April 2021 to $90 in March and then retreated to below $60.
What is the target price for ZIM?
Stock Price TargetsHigh$120.00Median$77.50Low$53.30Average$79.72Current Price$48.803 days ago
What happened
Shares of ZIM Integrated Shipping Services (NYSE: ZIM), an Israeli oceangoing container-shipper, tumbled 5.6% through 11:40 a.m. EDT Monday after "missing earnings" in the company's fourth-quarter 2020 financial report this morning.
So what
ZIM may have "missed estimates" for Q4, but it still ended up earning 305 times more profit in Q4 2020 than it had in Q4 2019, when its profits totaled just $1.2 million. The company earned $5.18 per share for the full year, versus losing money for all of 2019.
Now what
Now here's the most important bit of news for investors in the shipping sector -- the news you want to know whether you own ZIM or one of its rivals, such as Atlas Corporation, Costamare, or Danaos Corporation.
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Signals & Forecast
The ZIM Integrated Shipping Services Ltd. stock holds a sell signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock.
Support, Risk & Stop-loss
On the downside, the stock finds support just below today's level from accumulated volume at $61.44 and $57.95. There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, ZIM Integrated Shipping Services Ltd.
Is ZIM Integrated Shipping Services Ltd. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for ZIM Integrated Shipping Services Ltd. stock to perform well in the short-term.
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star. This signal is rare and, in most cases, gives substantial returns. From 10 000+ stocks usually only a few will trigger a Golden Star Signal per day!
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featured in The Global Fintech Index 2020 as the top Fintech company of the country.
About ZIM Integrated Shipping Services
ZIM Integrated Shipping Services Ltd., together with its subsidiaries, provides container shipping and related services in Israel and internationally.
Headlines
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ZIM Integrated Shipping Services (NYSE:ZIM) Frequently Asked Questions
6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for ZIM Integrated Shipping Services in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" ZIM Integrated Shipping Services stock.