ZIM Integrated Shipping Services’ (ZIM) Buy Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group reaffirmed their buy rating on shares of ZIM Integrated Shipping Services (NYSE:ZIM) in a research report sent to investors on Wednesday morning, Benzinga reports. Jefferies Financial Group currently has a $20.00 price objective on the stock.

A number of other equities research analysts also recently commented on the stock. Bank of America reduced their price objective on shares of ZIM Integrated Shipping Services from $11.00 to $7.80 and set an underperform rating for the company in a research report on Tuesday, March 19th. JPMorgan Chase & Co. lowered their target price on ZIM Integrated Shipping Services from $9.30 to $9.25 and set a neutral rating on the stock in a report on Friday, March 22nd. Two research analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of Hold and an average target price of $10.51.

ZIM Integrated Shipping Services Stock Performance

Shares of ZIM stock opened at $21.05 on Wednesday. The company has a quick ratio of 0.95, a current ratio of 0.98 and a debt-to-equity ratio of 1.49. ZIM Integrated Shipping Services has a 1 year low of $6.39 and a 1 year high of $21.30. The stock’s 50-day moving average is $12.92 and its two-hundred day moving average is $11.47.

ZIM Integrated Shipping Services (NYSE:ZIM) last issued its quarterly earnings data on Wednesday, March 13th. The company reported ($1.23) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.33) by $0.10. The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.23 billion. ZIM Integrated Shipping Services had a negative net margin of 47.59% and a negative return on equity of 14.80%. As a group, sell-side analysts forecast that ZIM Integrated Shipping Services will post 1.88 earnings per share for the current year.

ZIM Integrated Shipping Services Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 11th. Investors of record on Tuesday, June 4th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Tuesday, June 4th. This represents a $0.92 annualized dividend and a yield of 4.37%.

Institutional Investors Weigh In On ZIM Integrated Shipping Services

Institutional investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC increased its position in ZIM Integrated Shipping Services by 92.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,335 shares of the company’s stock worth $33,000 after purchasing an additional 1,601 shares in the last quarter. Blue Trust Inc. grew its stake in shares of ZIM Integrated Shipping Services by 604.3% during the fourth quarter. Blue Trust Inc. now owns 4,296 shares of the company’s stock valued at $45,000 after acquiring an additional 3,686 shares in the last quarter. Citigroup Inc. increased its position in shares of ZIM Integrated Shipping Services by 77.1% during the third quarter. Citigroup Inc. now owns 5,403 shares of the company’s stock worth $56,000 after acquiring an additional 2,352 shares during the last quarter. Scarborough Advisors LLC acquired a new position in shares of ZIM Integrated Shipping Services in the fourth quarter worth about $58,000. Finally, Russell Investments Group Ltd. boosted its holdings in ZIM Integrated Shipping Services by 1,431.1% in the first quarter. Russell Investments Group Ltd. now owns 6,063 shares of the company’s stock valued at $61,000 after purchasing an additional 5,667 shares during the last quarter. 21.42% of the stock is currently owned by hedge funds and other institutional investors.

ZIM Integrated Shipping Services Company Profile

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.