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

ZIM Integrated Shipping Services (NYSE:ZIM)‘s stock had its “buy” rating reaffirmed by stock analysts at Jefferies Financial Group in a note issued to investors on Monday, Benzinga reports. They currently have a $22.00 price objective on the stock. Jefferies Financial Group’s price target would suggest a potential upside of 15.42% from the stock’s current price.

A number of other equities research analysts have also issued reports on ZIM. Citigroup lowered shares of ZIM Integrated Shipping Services from a “neutral” rating to a “sell” rating and increased their price objective for the company from $11.60 to $13.00 in a report on Thursday, June 6th. Barclays increased their price objective on shares of ZIM Integrated Shipping Services from $5.00 to $10.00 and gave the company an “underweight” rating in a report on Tuesday, May 28th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $12.41.

ZIM Integrated Shipping Services Stock Up 0.6 %

Shares of ZIM stock opened at $19.06 on Monday. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.98 and a quick ratio of 0.90. ZIM Integrated Shipping Services has a one year low of $6.39 and a one year high of $23.82. The company’s fifty day moving average price is $19.28 and its 200-day moving average price is $15.53. The company has a market capitalization of $2.29 billion, a price-to-earnings ratio of -0.90, a PEG ratio of 0.09 and a beta of 1.85.

ZIM Integrated Shipping Services (NYSE:ZIM) last posted its quarterly earnings results on Tuesday, May 21st. The company reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.34). The business had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.53 billion. ZIM Integrated Shipping Services had a negative net margin of 47.59% and a negative return on equity of 14.80%. Sell-side analysts expect that ZIM Integrated Shipping Services will post 6.26 EPS for the current fiscal year.

Institutional Investors Weigh In On ZIM Integrated Shipping Services

Several institutional investors have recently modified their holdings of ZIM. Allianz Asset Management GmbH increased its position in ZIM Integrated Shipping Services by 1,446.0% during the fourth quarter. Allianz Asset Management GmbH now owns 161,552 shares of the company’s stock valued at $1,595,000 after acquiring an additional 151,102 shares during the last quarter. Private Advisor Group LLC bought a new position in ZIM Integrated Shipping Services during the 4th quarter valued at about $127,000. Seven Eight Capital LP grew its holdings in ZIM Integrated Shipping Services by 166.1% during the 4th quarter. Seven Eight Capital LP now owns 83,745 shares of the company’s stock valued at $827,000 after purchasing an additional 52,270 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its position in ZIM Integrated Shipping Services by 81.9% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 89,560 shares of the company’s stock worth $956,000 after purchasing an additional 40,326 shares during the period. Finally, Jump Financial LLC bought a new stake in ZIM Integrated Shipping Services in the fourth quarter worth about $130,000. 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.