ZIM Integrated Shipping Services, is an Israeli shipping company headquartered in Haifa, with a major presence in Norfolk, Virginia. Founded in 1945, Zim has been a listed entity on the New York Stock Exchange since 2021. Known for its fleet of 124 container ships and a capacity of 584,263 TEU as of November 2023, Zim ranks as the 10th largest container shipping company in the world, with a 2.1% freight market share Global Maritime. Let's see the ZIM stock price forecast if you are considering it for your future investment.
What is the future price of ZIM?
As we look to 2024, Zim's stock price represents an interesting investment opportunity. With its previous close at $9.87 and a 52-week range between $6.39 and $25.12, Zim's performance in the stock market has been remarkable.
The company's large market cap of $1.346 billion and beta of 1.76 reflects its strong presence in the industry. While the P/E ratio and EPS are not currently applicable, future expectations, especially with the earnings date set for March 2024, offer potential growth avenues for investors.
Is ZIM a good investment?
Investing in Zim may be a wise decision for those looking for long-term growth in the shipping and logistics sector. Given the company's historical performance and market position, Zim is poised to remain a strong player in the industry.
Wall Street analysts watch Zim closely, often taking into account various elements such as global shipping trends and the company's strategic moves.
For those considering buying Zim, it is important to monitor real-time market prices and analyst estimates.
Whether you are a short-term trader or a long-term investor, understanding the dynamics of integrated shipping services and how they impact the stock market is vital. A brokerage account that provides access to NYSE ZIM can serve as a gateway to investing in this promising stock.
Zim's stock forecast for 2024 indicates potential growth, but as with any investment decision, it is necessary to conduct thorough research and consider market fluctuations.
The stock market can be unpredictable, and the success of investing in Zim will depend on various factors including global economic trends, the operational efficiency of the company, and broader industry dynamics.
Main competitors of ZIM
Zim Integrated Shipping Services, an important player in the global shipping sector, faces competition from several major companies. These competitors are the major players in the container shipping industry, each with their own strengths and market strategies.
As the world's largest container shipping company, Denmark-based Maersk Line is a formidable competitor. It is known for its huge fleet and extensive global service network. Maersk Line sets industry standards in terms of operational scale and efficiency.
- Mediterranean Shipping Company (MSC)
MSC, based in Switzerland, is another leading contender, known for its rapid growth and large fleet of container ships. MSC often competes closely with Maersk for market share and has a strong presence on major global shipping routes.
CMA CGM, a French container transportation and shipping company, is one of the largest companies in the world. It has expanded its operations through strategic acquisitions, thus increasing its competitiveness in the global shipping market.
As a state-owned shipping giant from China, COSCO operates one of the largest fleets of container ships in the world. Its significant market presence in Asia and expanding international reach makes it a notable competitor to ZIM.
This German international shipping company is also among ZIM's main competitors. Known for its efficient operations and strong customer service, Hapag-Lloyd fulfills a significant portion of the global demand for container shipping.
Evergreen Marine, headquartered in Taiwan, is known for its innovative approach to shipping logistics and container transportation. Its growing fleet and strategic partnerships enable it to compete effectively in the global market.
Bottom line
In conclusion, whether to buy or sell Zim shares depends on individual investment strategies and market perceptions. Keeping up with the latest shipping services, stock forecasts and global market trends will be key to making informed decisions about this potential investment opportunity. Remember that this information is for informational purposes only and should not be the sole basis for any investment decision.
Zim Stock Forecast FAQs
Is ZIM Integrated Shipping Services stock a buy, sell or hold?
ZIM Integrated Shipping Services stock currently carries an average consensus rating. This rating reflects a mix of opinions, with 6 analysts recommending a buy, 17 suggesting a hold, and 6 recommending a sell.
What is the 52-week low for ZIM stock?
Over the past 52 weeks, ZIM Integrated Shipping Services stock has hit a low of 6.39. According to the latest ZIM stock price, the company's value is up 176.37% from its 52-week low.
What is the 52-week high for ZIM stock?
The 52-week high for ZIM Integrated Shipping Services stock was 25.11. At the current price, ZIM Integrated Shipping Services is 44.88% away from its 52-week high.
What are experts’ expectations for ZIM Integrated Shipping Services stock?
Analysts providing price forecasts for ZIM Integrated Shipping Services have set an average target of 32.89, with the highest estimate coming in at 120.00 and the lowest at 5.00. This average target indicates an increase of 34.27% from the last trading price of 11.27.
