5 Most Profitable Mid-Cap Stocks Now

4. ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Net Income TTM: $5.91 billion

Headquartered in Haifa, Israel, ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) is a cargo shipping company. The cargo services provided by the company include dry cargo, refrigerated cargo, hazardous material, breakbulk cargo, inland transport, and car carrier service. In addition, the company’s ZIMonitor allows the customer to monitor, track, and even control the environment of the cargo. ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) owns and operates a total of 92 offices throughout the Americas, Europe, Asia and Oceania, and Africa. As of November 2022, the company had a fleet of 139 ships with a total capacity of approximately 540,000 TEU (twenty-foot equivalent).

On February 17, 2023, Samuel Bland, an analyst at JPMorgan, increased his price target on ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) to $30.40 from $17.60 and upgraded the ratings on the company’s shares to Overweight from Neutral. According to the analyst, the asset-light businesses are in a better position currently, which is why he remains overweight on ZIM Integrated Shipping Services Ltd. (NYSE:ZIM).

According to Insider Monkey’s database, 14 hedge funds held stakes worth $173 million in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) in Q4 2022, compared to 15 funds in the prior quarter with a stake worth $258 million.