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 restated by investment analysts at Jefferies Financial Group in a research note issued to investors on Wednesday,Benzinga reports. They presently have a $18.00 price objective on the stock. Jefferies Financial Group’s price target indicates a potential downside of 0.03% from the stock’s current price.

Other equities analysts have also recently issued reports about the company. Fearnley Fonds cut ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a report on Thursday, November 21st. Barclays cut their price target on ZIM Integrated Shipping Services from $16.50 to $16.00 and set an “underweight” rating for the company in a report on Friday, January 10th. JPMorgan Chase & Co. cut their price target on 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, Clarkson Capital raised ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a report on Friday, November 22nd. Five investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, ZIM Integrated Shipping Services has an average rating of “Hold” and a consensus target price of $14.04.

ZIM Integrated Shipping Services Stock Down 7.1 %

ZIM opened at $18.01 on Wednesday. The business’s fifty day moving average is $19.18 and its two-hundred day moving average is $20.59. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.26 and a current ratio of 1.33. The company has a market cap of $2.17 billion, a price-to-earnings ratio of 1.51, a PEG ratio of 0.27 and a beta of 1.70. ZIM Integrated Shipping Services has a one year low of $9.08 and a one year high of $30.15.

ZIM Integrated Shipping Services (NYSE:ZIM) last posted its earnings results on Wednesday, March 12th. The company reported $4.66 EPS for the quarter, topping analysts’ consensus estimates of $3.47 by $1.19. The company had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $1.99 billion. ZIM Integrated Shipping Services had a return on equity of 48.63% and a net margin of 19.26%. Analysts anticipate that ZIM Integrated Shipping Services will post 16.75 EPS for the current fiscal year.

Hedge Funds Weigh In On ZIM Integrated Shipping Services

Several institutional investors have recently added to or reduced their stakes in ZIM. Renaissance Technologies LLC increased its stake in 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 valued at $122,951,000 after purchasing an additional 1,909,480 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in ZIM Integrated Shipping Services by 33.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,784,352 shares of the company’s stock valued at $81,250,000 after purchasing an additional 940,587 shares during the last quarter. BNP Paribas Financial Markets acquired a new position in ZIM Integrated Shipping Services in the fourth quarter valued at $16,381,000. JPMorgan Chase & Co. increased its stake in ZIM Integrated Shipping Services by 59.4% in the third quarter. JPMorgan Chase & Co. now owns 1,811,447 shares of the company’s stock valued at $46,482,000 after purchasing an additional 674,723 shares during the last quarter. Finally, Point72 Asset Management L.P. purchased a new stake in ZIM Integrated Shipping Services during the fourth quarter valued at about $14,324,000. 21.42% of the stock is currently owned by institutional investors and hedge funds.

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.