How to Buy Zim Integrated Shipping Services Stock
Zim Integrated Shipping Services Ltd
Zim Integrated Shipping Services is a shipping company located in New York, United States, which is part of the Industrials sector, and is traded under the ticker ZIM on the NYSE exchange.
Zim Integrated Shipping Services stock last closed at $11.42, up 2.79% from the previous day, and has decreased 56.71% in one year. It has underperformed other stocks in the Marine Shipping industry by 0.46 percentage points. Zim Integrated Shipping Services stock is currently +3.82% from its 52-week low of $11.00, and -61.13% from its 52-week high of $29.38.
There are currently 120.2M shares of ZIM outstanding. The market value of ZIM is $1.37B. In the past 24 hours, 2.44M ZIM shares were traded.
How to Buy Zim Integrated Shipping Services Stock
Not sure how to invest in Zim Integrated Shipping Services stock? Here's how.
- Choose where to buy Zim Integrated Shipping Services stock: You need to choose a stock brokerage, but don't worry - we've tried dozens of online stock brokerages and apps to help you choose where to buy Zim Integrated Shipping Services stock.
- Open your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Deposit funds into your brokerage account: Pick your method of payment and add your info.
- Evaluate Zim Integrated Shipping Services stock: The Zim Integrated Shipping Services ticker symbol is ZIM. Is Zim Integrated Shipping Services stock a good investment? Should you buy shares of ZIM? How do ZIM's underlying business fundamentals look? Do top analysts think Zim Integrated Shipping Services is a good buy? Why has ZIM's stock price moved recently? (Hint: Our stock research tools can help you understand if ZIM is a good stock to buy).
- Execute your ZIM trade: Decide if you will purchase ZIM shares at the current market price or use a limit order to purchase ZIM stock at a particular price.
- Monitor your ZIM position: Create a watchlist to important notifications about your investment in Zim Integrated Shipping Services stock.
Step 1: Choose where to buy Zim Integrated Shipping Services stock
You will need a brokerage account in order to access the NYSE market and buy ZIM stock.
Our recommended brokerage: eToro
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Open eToro AccountStep 2: Open your brokerage account
Now that you've chosen the best brokerage, it's time to fill out some personal information so you are able to invest in ZIM today.
How to Set Up a New Investment Account on eToro
- Click here to get started.
- Input your personal details to create a new brokerage account.
- Send your application by hitting the "Create Account" button.
Step 3: Deposit funds into your brokerage account
Now that you've opened your account on the highest rated app to buy and sell stocks, your next step is to transfer the money for your investment:
Check out this video walkthrough for more details transferring money into your new brokerage account.
Step 4: Evaluate Zim Integrated Shipping Services stock
Once you have selected the best place to buy Zim Integrated Shipping Services stock, it's very important to evaluate their stock before you invest, so you truly understand the risk and opportunity.
Zim Integrated Shipping Services quick stats
ZIM Due Diligence Checks
WallStreetZen was designed to help part-time investors do more in-depth fundamental analysis in less time.
You can see all of the due diligence checks on ZIM's stock page.
Is ZIM stock properly valued?
You can use many financial metrics, analyses, models, and charts to gauge ZIM's true value.
Using relative valuations measures:
- ZIM may be undervalued based on its P/E ratio of 1.05x, relative to Marine Shipping industry P/E ratio of 10.45x
- ZIM may be undervalued based on its P/B ratio of 0.28x, relative to Marine Shipping industry P/B ratio of 0.73x
- ZIM could be undervalued based on its PEG ratio of 0.07x
You can do more valuation research on ZIM's stock here.
ZIM Financial Health
Positive Financial Indicators:
- There are more short-term assets than short-term liabilities on the ZIM balance sheet.
- ZIM earnings of $2.10B is not sufficient to cover its interest payments.
- ZIM's operating cash flow of $3.26B allows it to safely service it's debt of $4.88B.
Negative Financial Indicators:
- ZIM profit margin has gone down from 45.2% to 16.1% in the past year.
- ZIM has a relatively high debt to equity ratio of 1.2.
- There are more long-term liabilities than short-term assets on the ZIM balance sheet.
Is ZIM stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 3 Wall Street analysts who monitor ZIM, the consensus analyst rating on ZIM is a Hold
It's important to keep in mind that analyst ratings are not stock recommendations, nor are they financial advice.
Latest ZIM Analyst Upgrades/Downgrades
Samuel Bland, a bottom 41% analyst from JP Morgan upgrades ZIM to a strong buy rating and announces their ZIM price target of $15.40, on Sep 18, 2023.
Alexia Dogani, a top 35% analyst from Barclays maintains ZIM with a strong sell rating and lowers their ZIM price target from $13.00 to $10.60, on Aug 18, 2023.
Omar Nokta, a bottom 20% analyst from Jefferies reiterates ZIM with a hold rating and maintains their ZIM price target from $13.00 to $13.00, on Aug 17, 2023.
You can dive deeper into what analysts are forecasting on the Zim Integrated Shipping Services stock forecast page.
ZIM Momentum
ZIM Performance Numbers
Last year, ZIM earnings were $1.30B. Over the last three year, ZIM's earnings have gone up by 161.81% per year. This was faster than the Marine Shipping industry average of 28.42%.
Last year, ZIM revenue was $8.10B. In the past 3 year, ZIM's revenue has grown by 113.55% per year. This was faster than the Marine Shipping industry average of 17.62%.
Find out more about ZIM's earnings and revenue performance here.
Who is buying/selling ZIM?
In the past 12 months, executives and large shareholders at ZIM have not bought or sold any shares.
Learn more about who owns ZIM stock here.
Can I get consistent income from ZIM stock?
No, Zim Integrated Shipping Services doesn't provide an income stream by paying out dividends.
ZIM Social Trading Data
One of the major reasons eToro is our favorite brokerage is because of its social trading community.
Click below to learn what other community members have to say.
Step 5: Execute your ZIM trade
There are two primary options:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are generally fine for most investors. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to be certain you're buying or selling at a specific price, use a limit order.
Press the Open button and your broker will place the order.
If you require more assistance buying stocks on eToro, watch the how to video below:
Step 6: Monitor your ZIM position
Now that you own some shares in ZIM, you'll want to stay up-to-date on your new company.
Create a watchlist to keep tabs on your ZIM stock.
ZIM Feed
How to Buy Stock in Zim Integrated Shipping Services
To reiterate, here are the 6 steps to buy Zim Integrated Shipping Services stock:
- Choose where to buy Zim Integrated Shipping Services stock
- Open your brokerage account
- Deposit funds into your brokerage account
- Evaluate Zim Integrated Shipping Services stock
- Execute your ZIM trade
- Monitor your ZIM position
If you require a brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you want to keep an eye on your new investment in Zim Integrated Shipping Services, get started below.
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