ZIM Integrated Shipping Services’ (ZIM) “Hold” Rating Reiterated at Jefferies Financial Group

ZIM Integrated Shipping Services (NYSE:ZIM)‘s stock had its “hold” rating reaffirmed by equities researchers at Jefferies Financial Group in a research report issued to clients and investors on Wednesday,Benzinga reports. They currently have a $18.00 price objective on the stock. Jefferies Financial Group’s target price indicates a potential downside of 11.55% from the stock’s previous close.

ZIM has been the subject of a number of other reports. Barclays reduced their price objective on shares of ZIM Integrated Shipping Services from $16.50 to $16.00 and set an “underweight” rating for the company in a research note on Friday, January 10th. JPMorgan Chase & Co. dropped their target price on ZIM Integrated Shipping Services from $10.00 to $9.50 and set an “underweight” rating on the stock in a report on Friday, March 7th. Clarkson Capital upgraded ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 22nd. Finally, Fearnley Fonds lowered ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 21st. Five research analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $14.04.

ZIM Integrated Shipping Services Stock Down 1.3 %

Shares of ZIM Integrated Shipping Services stock opened at $20.35 on Wednesday. The firm has a market cap of $2.45 billion, a PE ratio of 1.70, a P/E/G ratio of 0.27 and a beta of 1.70. The business’s 50 day simple moving average is $19.33 and its 200 day simple moving average is $20.62. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.26 and a current ratio of 1.33. ZIM Integrated Shipping Services has a 52-week low of $9.08 and a 52-week high of $30.15.

ZIM Integrated Shipping Services (NYSE:ZIM) last posted its quarterly earnings data 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%. On average, analysts predict that ZIM Integrated Shipping Services will post 16.75 earnings per share for the current fiscal year.

Institutional Trading of ZIM Integrated Shipping Services

Institutional investors and hedge funds have recently bought and sold shares of the business. Employees Retirement System of Texas acquired a new position in shares of ZIM Integrated Shipping Services during the 4th quarter worth approximately $45,000. Mackenzie Financial Corp bought a new position in ZIM Integrated Shipping Services during the fourth quarter worth $559,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of ZIM Integrated Shipping Services by 31.9% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 284,186 shares of the company’s stock valued at $6,101,000 after purchasing an additional 68,708 shares during the last quarter. Tidal Investments LLC raised its position in shares of ZIM Integrated Shipping Services by 19.0% in the fourth quarter. Tidal Investments LLC now owns 81,539 shares of the company’s stock valued at $1,751,000 after purchasing an additional 13,009 shares during the period. Finally, Point72 Asset Management L.P. bought a new position in shares of ZIM Integrated Shipping Services in the fourth quarter valued at about $14,324,000. 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.