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 reissued by equities researchers at Jefferies Financial Group in a report issued on Wednesday,Benzinga reports. They presently have a $18.00 target price on the stock. Jefferies Financial Group’s target price points to a potential downside of 11.55% from the stock’s previous close.

A number of other brokerages have also issued reports on ZIM. Barclays decreased their target price on shares of ZIM Integrated Shipping Services from $16.50 to $16.00 and set an “underweight” rating on the stock in a research report on Friday, January 10th. Clarkson Capital raised ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 22nd. Fearnley Fonds cut ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a report on Thursday, November 21st. Finally, JPMorgan Chase & Co. cut their target price on ZIM Integrated Shipping Services from $10.00 to $9.50 and set an “underweight” rating for the company in a research report on Friday, March 7th. Five equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $14.04.

ZIM Integrated Shipping Services Stock Performance

ZIM opened at $20.35 on Wednesday. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.33 and a quick ratio of 1.26. The business has a fifty day simple moving average of $19.33 and a 200 day simple moving average of $20.62. ZIM Integrated Shipping Services has a 1 year low of $9.08 and a 1 year high of $30.15. The company has a market capitalization of $2.45 billion, a PE ratio of 1.70, a price-to-earnings-growth ratio of 0.27 and a beta of 1.70.

ZIM Integrated Shipping Services (NYSE:ZIM) last announced its earnings results on Wednesday, March 12th. The company reported $4.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.47 by $1.19. ZIM Integrated Shipping Services had a net margin of 19.26% and a return on equity of 48.63%. Research analysts expect that ZIM Integrated Shipping Services will post 16.75 EPS for the current year.

Institutional Investors Weigh In On ZIM Integrated Shipping Services

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Altshuler Shaham Ltd raised its holdings in shares of ZIM Integrated Shipping Services by 650.0% during the 4th quarter. Altshuler Shaham Ltd now owns 1,500 shares of the company’s stock worth $32,000 after buying an additional 1,300 shares in the last quarter. Employees Retirement System of Texas bought a new position in ZIM Integrated Shipping Services in the fourth quarter valued at about $45,000. Sunbelt Securities Inc. acquired a new position in ZIM Integrated Shipping Services during the third quarter worth about $71,000. Farther Finance Advisors LLC raised its stake in ZIM Integrated Shipping Services by 467.6% during the third quarter. Farther Finance Advisors LLC now owns 2,974 shares of the company’s stock worth $76,000 after acquiring an additional 2,450 shares in the last quarter. Finally, Brown Brothers Harriman & Co. bought a new position in shares of ZIM Integrated Shipping Services in the fourth quarter worth about $79,000. 21.42% of the stock is currently owned by institutional investors.

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.