ZIM Integrated Shipping Services (NYSE:ZIM) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

ZIM Integrated Shipping Services (NYSE:ZIM) had its target price upped by investment analysts at Jefferies Financial Group from $16.00 to $17.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has a “hold” rating on the stock. Jefferies Financial Group’s price target points to a potential downside of 5.87% from the company’s previous close.

A number of other equities analysts have also issued reports on the company. Bank of America decreased their price target on ZIM Integrated Shipping Services from $16.00 to $12.80 and set an “underperform” rating for the company in a research note on Friday, April 11th. JPMorgan Chase & Co. reduced their target price on shares of ZIM Integrated Shipping Services from $10.00 to $9.50 and set an “underweight” rating for the company in a report on Friday, March 7th. Finally, Barclays reduced their target price on ZIM Integrated Shipping Services from $13.50 to $12.00 and set an “underweight” rating for the company in a report on Wednesday, April 16th. Five analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $14.05.

ZIM Integrated Shipping Services Price Performance

NYSE ZIM opened at $18.06 on Tuesday. The company has a 50-day moving average price of $15.15 and a two-hundred day moving average price of $18.68. ZIM Integrated Shipping Services has a 52 week low of $11.04 and a 52 week high of $30.15. The stock has a market cap of $2.17 billion, a price-to-earnings ratio of 1.51, a price-to-earnings-growth ratio of 0.27 and a beta of 1.84. The company has a current ratio of 1.33, a quick ratio of 1.26 and a debt-to-equity ratio of 1.11.

ZIM Integrated Shipping Services (NYSE:ZIM) last posted its earnings results on Monday, May 19th. The company reported $2.45 EPS for the quarter, beating the consensus estimate of $1.89 by $0.56. The firm had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $1.84 billion. ZIM Integrated Shipping Services had a return on equity of 48.63% and a net margin of 19.26%. During the same period last year, the firm earned $0.75 EPS. Analysts forecast that ZIM Integrated Shipping Services will post 16.75 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in ZIM. Renaissance Technologies LLC increased its stake in shares of ZIM Integrated Shipping Services by 50.0% in the fourth quarter. Renaissance Technologies LLC now owns 5,726,631 shares of the company’s stock worth $122,951,000 after acquiring an additional 1,909,480 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in ZIM Integrated Shipping Services by 20.1% in the first quarter. Goldman Sachs Group Inc. now owns 4,720,986 shares of the company’s stock valued at $68,879,000 after purchasing an additional 788,514 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in ZIM Integrated Shipping Services by 33.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,784,352 shares of the company’s stock worth $81,250,000 after purchasing an additional 940,587 shares during the last quarter. American Century Companies Inc. raised its stake in shares of ZIM Integrated Shipping Services by 19.1% during the 1st quarter. American Century Companies Inc. now owns 2,280,289 shares of the company’s stock worth $33,269,000 after purchasing an additional 366,205 shares in the last quarter. Finally, Marshall Wace LLP lifted its holdings in shares of ZIM Integrated Shipping Services by 6.9% during the 4th quarter. Marshall Wace LLP now owns 1,936,666 shares of the company’s stock valued at $41,580,000 after buying an additional 124,558 shares during 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.