ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Given Consensus Rating of “Reduce” by Analysts

Shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) have been assigned a consensus recommendation of “Reduce” from the four ratings firms that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $10.51.

ZIM has been the topic of several recent research reports. Bank of America cut their price objective on shares of ZIM Integrated Shipping Services from $11.00 to $7.80 and set an “underperform” rating on the stock in a research report on Tuesday, March 19th. JPMorgan Chase & Co. reduced their price objective on ZIM Integrated Shipping Services from $9.30 to $9.25 and set a “neutral” rating for the company in a research report on Friday, March 22nd. Finally, Jefferies Financial Group restated a “buy” rating and issued a $20.00 target price on shares of ZIM Integrated Shipping Services in a research report on Wednesday, March 13th.

ZIM Integrated Shipping Services Stock Performance

Shares of ZIM stock opened at $14.07 on Wednesday. The company has a quick ratio of 0.95, a current ratio of 1.02 and a debt-to-equity ratio of 1.35. The business has a 50 day moving average of $10.96 and a two-hundred day moving average of $10.53. The company has a market cap of $1.69 billion, a P/E ratio of -0.63 and a beta of 1.64. ZIM Integrated Shipping Services has a 52 week low of $6.39 and a 52 week high of $17.97.

ZIM Integrated Shipping Services (NYSE:ZIM) last issued its quarterly earnings data on Wednesday, March 13th. The company reported ($1.23) EPS for the quarter, topping analysts’ consensus estimates of ($1.33) by $0.10. The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.23 billion. ZIM Integrated Shipping Services had a negative return on equity of 16.29% and a negative net margin of 52.22%. As a group, analysts anticipate that ZIM Integrated Shipping Services will post 0.69 EPS for the current year.

Hedge Funds Weigh In On ZIM Integrated Shipping Services

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Regatta Capital Group LLC boosted its stake in ZIM Integrated Shipping Services by 8.5% during the first quarter. Regatta Capital Group LLC now owns 16,022 shares of the company’s stock valued at $162,000 after buying an additional 1,254 shares in the last quarter. Olympiad Research LP grew its stake in shares of ZIM Integrated Shipping Services by 2.8% in the 4th quarter. Olympiad Research LP now owns 49,236 shares of the company’s stock worth $486,000 after purchasing an additional 1,364 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of ZIM Integrated Shipping Services by 92.3% in 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. Van ECK Associates Corp lifted its stake in ZIM Integrated Shipping Services by 6.8% during the third quarter. Van ECK Associates Corp now owns 33,686 shares of the company’s stock valued at $352,000 after purchasing an additional 2,143 shares during the last quarter. Finally, Citigroup Inc. boosted its holdings in 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 buying an additional 2,352 shares in the last quarter. 21.42% of the stock is 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.