
ZIM Integrated Shipping Services Ltd. has experienced significant fluctuations in its stock performance. A recent Bank of America (BOA) report increased ZIM's earnings per share (EPS) forecast for 2024 by almost $8 to $12.51, raising the price target (PT) to $13.70 from $12.20. Despite these optimistic projections, ZIM's stock has been volatile, breaking a four-day losing streak to close at $20.00 but subsequently dropping below $19. Earlier in the year, BOA had increased its EBITDA forecast to $1 billion, and later added $2 billion of EBITDA, significantly lowering 2025 and 2026 losses. The company is facing a period of instability, with its stock down 10% over the last three months. Factors such as transpacific rates and situations involving the International Longshoremen's Association (ILA) and Canadian railroads are expected to support ZIM's Q4 EPS. The stock's ex-dividend date is approaching, contributing to current market volatility.
$ZIM well off its daily lows and in the middle of its daily range. Still down 3.7%. Currently at its daily avg volume. https://t.co/yFk6uboASU
$ZIM EPS trends… Yet $ZIM is down 10% over the last 3 months?!?! 🤯😬 #shipping https://t.co/LCpXd8OMAJ
And $ZIM broke below $19… https://t.co/mALWIAHCT2







