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 Jefferies Financial Group in a research note issued on Monday, Benzinga reports. They currently have a $22.00 price target on the stock. Jefferies Financial Group’s price objective would suggest a potential downside of 2.48% from the company’s previous close.

Other equities analysts have also recently issued reports about the company. Citigroup cut ZIM Integrated Shipping Services from a “neutral” rating to a “sell” rating and increased their target price for the company from $11.60 to $13.00 in a research note on Thursday, June 6th. Barclays raised their price objective on shares of ZIM Integrated Shipping Services from $5.00 to $10.00 and gave the stock an “underweight” rating in a report on Tuesday, May 28th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, ZIM Integrated Shipping Services presently has an average rating of “Hold” and an average target price of $12.41.

ZIM Integrated Shipping Services Stock Performance

NYSE:ZIM opened at $22.56 on Monday. The firm has a 50-day moving average of $19.41 and a two-hundred day moving average of $15.66. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.98 and a quick ratio of 0.90. The stock has a market cap of $2.71 billion, a P/E ratio of -1.07, a PEG ratio of 0.09 and a beta of 1.85. ZIM Integrated Shipping Services has a 1-year low of $6.39 and a 1-year high of $23.82.

ZIM Integrated Shipping Services (NYSE:ZIM) last released its quarterly earnings results on Monday, August 19th. The company reported $3.08 EPS for the quarter, topping the consensus estimate of $2.07 by $1.01. ZIM Integrated Shipping Services had a negative return on equity of 14.80% and a negative net margin of 47.59%. The business had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.71 billion. During the same quarter in the previous year, the firm posted ($1.37) earnings per share. On average, research analysts expect that ZIM Integrated Shipping Services will post 6.26 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ZIM. Renaissance Technologies LLC grew its position in shares of ZIM Integrated Shipping Services by 479.9% during the 2nd quarter. Renaissance Technologies LLC now owns 2,635,500 shares of the company’s stock valued at $58,429,000 after buying an additional 2,181,000 shares during the last quarter. Marshall Wace LLP grew its holdings in shares of ZIM Integrated Shipping Services by 638.6% during the second quarter. Marshall Wace LLP now owns 2,397,311 shares of the company’s stock valued at $53,148,000 after purchasing an additional 2,072,715 shares during the last quarter. American Century Companies Inc. raised its position in shares of ZIM Integrated Shipping Services by 7.8% during the 2nd quarter. American Century Companies Inc. now owns 1,759,141 shares of the company’s stock worth $39,000,000 after purchasing an additional 127,229 shares during the period. Encompass Capital Advisors LLC bought a new stake in shares of ZIM Integrated Shipping Services in the 2nd quarter worth approximately $14,383,000. Finally, Charles Schwab Investment Management Inc. boosted its position in ZIM Integrated Shipping Services by 82.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 512,103 shares of the company’s stock valued at $5,054,000 after purchasing an additional 231,955 shares during the period. 21.42% of the stock is currently 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.