Jefferies Financial Group Reaffirms 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 research note issued to investors on Thursday,Benzinga reports. They presently have a $15.00 price target on the stock. Jefferies Financial Group’s price target would suggest a potential downside of 11.24% from the company’s previous close.

ZIM has been the topic of a number of other research reports. Citigroup restated a “sell” rating on shares of ZIM Integrated Shipping Services in a research note on Monday, August 11th. JPMorgan Chase & Co. lifted their target price on shares of ZIM Integrated Shipping Services from $9.80 to $10.00 and gave the company an “underweight” rating in a research note on Tuesday, September 30th. Barclays decreased their target price on shares of ZIM Integrated Shipping Services from $14.80 to $13.30 and set an “underweight” rating for the company in a research report on Thursday, August 28th. Wall Street Zen lowered shares of ZIM Integrated Shipping Services from a “hold” rating to a “sell” rating in a research note on Friday, August 22nd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of ZIM Integrated Shipping Services in a report on Wednesday, October 8th. Three investment analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Strong Sell” and a consensus price target of $14.22.

ZIM Integrated Shipping Services Trading Up 0.9%

NYSE:ZIM opened at $16.90 on Thursday. The stock has a fifty day simple moving average of $14.52 and a 200 day simple moving average of $15.50. The firm has a market capitalization of $2.04 billion, a price-to-earnings ratio of 2.03 and a beta of 1.73. ZIM Integrated Shipping Services has a 1-year low of $11.03 and a 1-year high of $25.00. The company has a quick ratio of 1.11, a current ratio of 1.20 and a debt-to-equity ratio of 1.20.

ZIM Integrated Shipping Services (NYSE:ZIM) last announced its earnings results on Thursday, November 20th. The company reported $1.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.67 by ($0.65). The firm had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.74 billion. ZIM Integrated Shipping Services had a net margin of 13.22% and a return on equity of 25.26%. Sell-side analysts forecast that ZIM Integrated Shipping Services will post 16.75 earnings per share for the current year.

Institutional Investors Weigh In On ZIM Integrated Shipping Services

A number of institutional investors have recently added to or reduced their stakes in ZIM. Legacy Investment Solutions LLC acquired a new position in ZIM Integrated Shipping Services in the 2nd quarter valued at approximately $26,000. New York State Common Retirement Fund acquired a new position in shares of ZIM Integrated Shipping Services in the first quarter valued at $30,000. Edmond DE Rothschild Holding S.A. acquired a new position in shares of ZIM Integrated Shipping Services in the second quarter valued at $37,000. Quarry LP bought a new position in ZIM Integrated Shipping Services in the third quarter worth $34,000. Finally, Larson Financial Group LLC boosted its stake in ZIM Integrated Shipping Services by 158.8% during the third quarter. Larson Financial Group LLC now owns 3,256 shares of the company’s stock worth $44,000 after buying an additional 1,998 shares in the last quarter. 21.42% of the stock is owned by institutional investors and hedge funds.

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.