JP Morgan Upgrades Zim Integrated Shipping Services (ZIM)
Nasdaq Fintel reports that on September 18, 2023, JP Morgan upgraded their outlook for Zim Integrated Shipping Services (NYSE:ZIM) from Neutral to Overweight .
Analyst Price Forecast Suggests 19.88% Upside
As of August 31, 2023, the average one-year price target for Zim Integrated Shipping Services is 13.19. The forecasts range from a low of 10.10 to a high of $16.80. The average price target represents an increase of 19.88% from its latest reported closing price of 11.00.
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The projected annual revenue for Zim Integrated Shipping Services is 6,820MM, a decrease of 15.81%. The projected annual non-GAAP EPS is 2.92.
What is the Fund Sentiment?
There are 248 funds or institutions reporting positions in Zim Integrated Shipping Services. This is a decrease of 143 owner(s) or 36.57% in the last quarter. Average portfolio weight of all funds dedicated to ZIM is 0.08%, a decrease of 27.45%. Total shares owned by institutions decreased in the last three months by 19.75% to 21,617K shares. The put/call ratio of ZIM is 0.82, indicating a bullish outlook.