In the latest trading session, ZIM Integrated Shipping Services (ZIM) closed at $24.04, marking a -1.07% move from the previous day.
I expect an earning loss from ZIM Integrated Shipping Services Ltd. stock for 2025 H1, and thus do not expect a dividend payout. The expectation is based primarily on considerations of fuel costs and ZIM's cash flow obligations. Shipping rates fluctuations add further uncertainties, especially with the ongoing Red Sea situation.
ZIM (ZIM) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
In the closing of the recent trading day, ZIM Integrated Shipping Services (ZIM) stood at $22.74, denoting a -0.26% change from the preceding trading day.
With the ZIM stock being undervalued and having several tailwinds, we assess the investmentworthiness of the shipping company.
ZIM Integrated Shipping Services (ZIM) concluded the recent trading session at $24.39, signifying a -1.28% move from its prior day's close.
On Monday, leading liner company A.P. Moller-Maersk, or “Maersk” reported strong preliminary Q3 results and raised full-year guidance for the fourth time in less than six months. The news bodes well for smaller competitor ZIM Integrated Shipping Services or “ZIM” particularly given ZIM's higher spot market exposure and less impact from the provision of lower-margin services. As a result, I would expect ZIM to report stellar third quarter results and raise full-year guidance materially next month.
If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, ZIM (ZIM) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.
ZIM has been upgraded to a speculative buy for dividend oriented investors, thanks to the promising market tailwinds and the projected expansion in its profitability. With the management already raising their FY2024 guidance, we may see H2'24 bring forth richer dividend payouts indeed. Most of ZIM's tailwinds are naturally attributed to the longer transit times due to the Red Sea disruptions and the ongoing dockworkers' strike in the US.
Recently, shares of Israel-based liner company ZIM Integrated Shipping Services have appreciated by almost 50%. For my part, I would attribute the move to market participants positioning in correct anticipation of the first ILA strike in almost 50 years. While a near-term end to the strike could negatively impact ZIM Integrated shares, I would consider this an opportunity to position in the shares ahead of a potentially stellar Q3 report.
The ZIM Integrated Shipping (ZIM) stock price is firing on all cylinders this year as shipping costs rebound. Most recently, it has risen in the last eight consecutive days, moving to a high of $26.18, its highest point since August 2022.
The latest trading day saw ZIM Integrated Shipping Services (ZIM) settling at $23.52, representing a -0.04% change from its previous close.