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This stock was last recommended on August 5
ZIM Integrated Shipping Services Ltd. (ZIM) provides container shipping and related services in Israel and 
internationally. The company provides seaborne transportation and logistics services comprising dry, reefer, project, out of gauge, breakbulk, and dangerous cargo services; inland transport services; and ZIMonitor, a reefer cargo tracking service.
As of March 31, 2021, it operated a fleet of 101 vessels with a global network of 69 weekly lines.
On November 17th, Zim Integrated Shipping Services reported 3rd Quarter September 2021 earnings of $12.16 per share on revenue of $3.1 billion. The consensus earnings estimate was $9.20 per share on revenue of $2.6 billion.
The company said it now expects 2021 Adjusted EBITDA of $6.20 billion to $6.40 billion. The company's previous guidance was Adjusted EBITDA of $4.80 to $5.20 billion for the year ending December 31, 2021. Please note that this company has been in business since 1945 but it is a recent IPO.
Shares are heading higher in an upward trading channel. Presently shares are the lower boundary of the said channel.
Entry Point: $54.00
Stop Loss: $51.50
Trading Range: $11.34 to $62.20
Target Pirce: $60.00
