Jefferies Financial Group Reiterates “Hold” Rating for ZIM Integrated Shipping Services (NYSE:ZIM)

ZIM Integrated Shipping Services (NYSE:ZIM)‘s stock had its “hold” rating reiterated by equities research analysts at Jefferies Financial Group in a report released on Wednesday,Benzinga reports. They presently have a $25.00 price objective on the stock. Jefferies Financial Group’s price objective would indicate a potential upside of 3.07% from the company’s current price.

A number of other analysts have also issued reports on ZIM. Bank of America boosted their target price on ZIM Integrated Shipping Services from $12.20 to $13.70 and gave the company an “underperform” rating in a research report on Wednesday, August 28th. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $10.50 target price on shares of ZIM Integrated Shipping Services in a research report on Tuesday, September 10th. Finally, Barclays upped their price objective on 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. 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, ZIM Integrated Shipping Services currently has a consensus rating of “Reduce” and an average price target of $15.22.

ZIM Integrated Shipping Services Stock Down 10.2 %

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

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. The firm had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.71 billion. ZIM Integrated Shipping Services had a negative net margin of 32.81% and a positive return on equity of 2.89%. During the same quarter in the previous year, the company earned ($1.37) EPS. On average, equities research analysts anticipate that ZIM Integrated Shipping Services will post 13.65 EPS for the current year.

Hedge Funds Weigh In On ZIM Integrated Shipping Services

Institutional investors and hedge funds have recently modified their holdings of the company. Renaissance Technologies LLC boosted its stake in ZIM Integrated Shipping Services by 479.9% in the second quarter. Renaissance Technologies LLC now owns 2,635,500 shares of the company’s stock valued at $58,429,000 after acquiring an additional 2,181,000 shares in the last quarter. Marshall Wace LLP boosted its stake in ZIM Integrated Shipping Services by 638.6% in the second quarter. Marshall Wace LLP now owns 2,397,311 shares of the company’s stock valued at $53,148,000 after acquiring an additional 2,072,715 shares in the last quarter. Encompass Capital Advisors LLC acquired a new position in ZIM Integrated Shipping Services in the second quarter valued at $14,383,000. International Assets Investment Management LLC boosted its stake in ZIM Integrated Shipping Services by 2,228.7% in the third quarter. International Assets Investment Management LLC now owns 402,862 shares of the company’s stock valued at $10,337,000 after acquiring an additional 385,562 shares in the last quarter. Finally, Quantbot Technologies LP boosted its stake in ZIM Integrated Shipping Services by 9,573.0% in the third quarter. Quantbot Technologies LP now owns 370,477 shares of the company’s stock valued at $9,506,000 after acquiring an additional 366,647 shares in the last quarter. Institutional investors and hedge funds 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.