ZIM Integrated Shipping Services’ (ZIM) “Hold” Rating Reaffirmed at Jefferies Financial Group

ZIM Integrated Shipping Services (NYSE:ZIM)‘s stock had its “hold” rating reissued by Jefferies Financial Group in a research report issued to clients and investors on Wednesday,Benzinga reports. They currently have a $25.00 target price on the stock. Jefferies Financial Group’s price target suggests a potential upside of 3.07% from the company’s current price.

Other analysts have also issued research reports about the stock. Barclays raised their target price on shares of ZIM Integrated Shipping Services from $12.30 to $13.90 and gave the stock an “underweight” rating in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $10.50 price target on shares of ZIM Integrated Shipping Services in a report on Tuesday, September 10th. Finally, Bank of America lifted their price target on shares of ZIM Integrated Shipping Services from $12.20 to $13.70 and gave the company an “underperform” rating in a report on Wednesday, August 28th. Four research analysts have rated the stock with a sell rating and one has assigned a hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $15.22.

ZIM Integrated Shipping Services Stock Down 10.2 %

ZIM stock opened at $24.26 on Wednesday. The company’s 50 day simple moving average is $22.67 and its 200-day simple moving average is $20.40. The firm has a market capitalization of $2.92 billion, a PE ratio of 2.03, a P/E/G ratio of 0.04 and a beta of 1.88. ZIM Integrated Shipping Services has a 12 month low of $6.39 and a 12 month high of $30.15. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.04 and a quick ratio of 0.97.

ZIM Integrated Shipping Services (NYSE:ZIM) last released its quarterly earnings results on Monday, August 19th. The company reported $3.08 EPS for the quarter, beating the consensus estimate of $2.07 by $1.01. ZIM Integrated Shipping Services had a negative net margin of 32.81% and a positive return on equity of 2.89%. The business had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same period in the prior year, the business earned ($1.37) earnings per share. Equities analysts expect that ZIM Integrated Shipping Services will post 13.65 earnings per share for the current fiscal year.

Hedge Funds Weigh In On ZIM Integrated Shipping Services

Hedge funds have recently made changes to their positions in the business. Fairman Group LLC purchased a new position in shares of ZIM Integrated Shipping Services in the 3rd quarter valued at $26,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in ZIM Integrated Shipping Services during the 3rd quarter worth $31,000. Northwestern Mutual Wealth Management Co. increased its stake in ZIM Integrated Shipping Services by 2,341.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,929 shares of the company’s stock worth $43,000 after buying an additional 1,850 shares during the period. Russell Investments Group Ltd. increased its stake in ZIM Integrated Shipping Services by 1,431.1% during the 1st quarter. Russell Investments Group Ltd. now owns 6,063 shares of the company’s stock worth $61,000 after buying an additional 5,667 shares during the period. Finally, American Capital Advisory LLC purchased a new stake in ZIM Integrated Shipping Services during the 3rd quarter worth $69,000. Hedge funds and other institutional investors own 21.42% of the company’s stock.

About ZIM Integrated Shipping Services

ZIM Integrated Shipping Services Ltd., together with its subsidiaries, provides container shipping and related services in Israel and internationally. It provides door-to-door and port-to-port transportation services for various types of customers, including end-users, consolidators, and freight forwarders.