ZIM Integrated Shipping Services (NYSE:ZIM) Rating Reiterated by Jefferies Financial Group

ZIM Integrated Shipping Services (NYSE:ZIM)‘s stock had its “buy” rating restated by equities researchers at Jefferies Financial Group in a note issued to investors on Wednesday, Benzinga reports. They currently have a $20.00 price target on the stock. Jefferies Financial Group’s price objective would suggest a potential upside of 3.07% from the company’s current price.

A number of other research analysts have also recently weighed in on ZIM. Bank of America dropped their price objective on shares of ZIM Integrated Shipping Services from $11.00 to $7.80 and set an “underperform” rating for the company in a research note on Tuesday, March 19th. JPMorgan Chase & Co. decreased their price objective on ZIM Integrated Shipping Services from $9.30 to $9.25 and set a “neutral” rating on the stock in a report on Friday, March 22nd. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, ZIM Integrated Shipping Services presently has an average rating of “Hold” and a consensus target price of $10.51.

ZIM Integrated Shipping Services Price Performance

ZIM stock opened at $19.41 on Wednesday. The firm has a 50 day moving average of $12.69 and a 200-day moving average of $11.38. The company has a market cap of $2.33 billion, a price-to-earnings ratio of -0.92, a PEG ratio of 0.39 and a beta of 1.64. The company has a current ratio of 1.02, a quick ratio of 0.95 and a debt-to-equity ratio of 1.35. ZIM Integrated Shipping Services has a 12-month low of $6.39 and a 12-month high of $19.80.

ZIM Integrated Shipping Services (NYSE:ZIM) last posted its earnings results on Wednesday, March 13th. The company reported ($1.23) earnings per share for the quarter, beating the consensus estimate of ($1.33) by $0.10. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.23 billion. ZIM Integrated Shipping Services had a negative return on equity of 13.96% and a negative net margin of 47.59%. As a group, equities analysts expect that ZIM Integrated Shipping Services will post 1.37 EPS for the current fiscal year.

Hedge Funds Weigh In On ZIM Integrated Shipping Services

A number of hedge funds have recently made changes to their positions in ZIM. Virtu Financial LLC purchased a new stake in shares of ZIM Integrated Shipping Services during the 1st quarter valued at about $257,000. Tidal Investments LLC grew its holdings in ZIM Integrated Shipping Services by 18.4% during the 1st quarter. Tidal Investments LLC now owns 55,779 shares of the company’s stock valued at $564,000 after purchasing an additional 8,665 shares in the last quarter. California State Teachers Retirement System lifted its holdings in ZIM Integrated Shipping Services by 2.4% in the 1st quarter. California State Teachers Retirement System now owns 104,767 shares of the company’s stock worth $1,060,000 after buying an additional 2,423 shares in the last quarter. Axxcess Wealth Management LLC acquired a new stake in shares of ZIM Integrated Shipping Services during the first quarter valued at about $546,000. Finally, Mitsubishi UFJ Trust & Banking Corp increased its position in shares of ZIM Integrated Shipping Services by 81.9% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 89,560 shares of the company’s stock worth $956,000 after acquiring an additional 40,326 shares during the last quarter. Hedge funds and other institutional investors 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.