Long Position on ZIM @ $29.50 on 4/13/2021 (Fundamentals)

ZIM Integrated Shipping Services Ltd. (ZIM), together with its subsidiaries, provides container shipping and related services in Israel and internationally.

ZIM is a global, asset-light container liner shipping company with a leadership position in the markets in which it operates. Founded in Israel in 1945, ZIM is one of the oldest shipping liners, with over 75 years of experience, providing customers with innovative seaborne transportation and logistics services, with a reputation for industry-leading transit times, schedule reliability and service excellence.

The company offers dry, reefer, project, out of gauge, breakbulk, and dangerous cargo services; inland transport services; and ZIMonitor, a reefer cargo tracking service.

As of December 31, 2020, it operated a fleet of 87 vessels. ZIM Integrated Shipping Services Ltd. was incorporated in 1945 and is headquartered in Haifa, Israel.

ZIM Integrated Shipping Services Ltd. reported Quarter December 2020 earnings of $3.49 per share on revenue of $1.4 billion. The consensus earnings estimate was $3.58 per share on revenue of $1.1 billion.

Entry Point: $29.50

Trading Range: $11.34 - $31.28

Target Price: $32.45

Stop/loss: $28.00

Updates

4/22/2021 1:28:06 PM

ZIM closed at $31

Position closed on 4/22/2021 at price of $31.00 with a 5.08% gain in 9 days.

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