Recently, ZIM Integrated Shipping Services Ltd (Symbol: ZIM) saw its share price rise above the average 12-month target price of $18.27, trading at $19.37 per share. When analysts set target prices, they often face a decision: either to downgrade their valuations or to raise their targets. Their response can also depend on the company’s recent performance. Positive developments may lead analysts to believe it’s appropriate to increase their price targets.
Within Zacks’ coverage, there are seven different analysts contributing to the average target for ZIM. This average serves as a mathematical midpoint between varying opinions. For instance, while one analyst set a target as low as $10.00, another predicts a price as high as $35.00, resulting in a standard deviation of $8.061.
The purpose of examining the average price target is to leverage the collective insight of multiple analysts rather than relying solely on one expert’s opinion. With ZIM’s share price rising above the average target of $18.27, investors may be prompted to assess whether this marks the start of a climb to an even higher valuation or if it indicates that it’s time to reconsider their positions. Below is a breakdown of recent analyst ratings for ZIM Integrated Shipping Services Ltd:
| Recent ZIM Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Months Ago | 3 Months Ago |
| Strong buy ratings: | 1 | 1 | 1 | 0 |
| Buy ratings: | 0 | 0 | 0 | 0 |
| Hold ratings: | 1 | 1 | 1 | 3 |
| Sell ratings: | 1 | 1 | 1 | 1 |
| Strong sell ratings: | 4 | 4 | 4 | 3 |
| Average rating: | 4.0 | 4.0 | 4.0 | 4.0 |
The average rating in the last row uses a scale from 1 to 5, with 1 being Strong Buy and 5 being Strong Sell. This analysis used data from Zacks Investment Research via Quandl.com.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
