Jefferies Financial Group Issues Positive Forecast for ZIM Integrated Shipping Services (NYSE:ZIM) Stock Price

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) had its price target hoisted by equities researchers at Jefferies Financial Group from $16.00 to $17.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has a "hold" rating on the stock. Jefferies Financial Group's price objective points to a potential downside of 5.62% from the stock's previous close.

Other equities research analysts also recently issued reports about the stock. Barclays reduced their price target on shares of ZIM Integrated Shipping Services from $13.50 to $12.00 and set an "underweight" rating for the company in a research report on Wednesday, April 16th. Bank of America reduced their price target on shares of ZIM Integrated Shipping Services from $16.00 to $12.80 and set an "underperform" rating for the company in a research report on Friday, April 11th. Finally, JPMorgan Chase & Co. reduced their price target on shares of ZIM Integrated Shipping Services from $10.00 to $9.50 and set an "underweight" rating for the company in a research report on Friday, March 7th. Five research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. According to MarketBeat, ZIM Integrated Shipping Services currently has an average rating of "Reduce" and an average price target of $14.05.

ZIM Integrated Shipping Services Stock Performance

ZIM traded down $0.28 during trading on Tuesday, reaching $18.01. The company's stock had a trading volume of 5,884,148 shares, compared to its average volume of 6,159,420. ZIM Integrated Shipping Services has a 52-week low of $11.04 and a 52-week high of $30.15. The company's fifty day moving average price is $15.14 and its 200-day moving average price is $18.55. The company has a market capitalization of $2.17 billion, a price-to-earnings ratio of 1.51, a price-to-earnings-growth ratio of 0.27 and a beta of 1.84. 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 (NYSE:ZIM - Get Free Report) last announced its quarterly earnings data on Monday, May 19th. The company reported $2.45 earnings per share for the quarter, beating analysts' consensus estimates of $1.89 by $0.56. ZIM Integrated Shipping Services had a return on equity of 48.63% and a net margin of 19.26%. The company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same quarter in the previous year, the company earned $0.75 EPS. On average, equities analysts forecast that ZIM Integrated Shipping Services will post 16.75 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ZIM. New York State Common Retirement Fund acquired a new position in shares of ZIM Integrated Shipping Services during the 1st quarter worth approximately $30,000. Altshuler Shaham Ltd raised its position in shares of ZIM Integrated Shipping Services by 650.0% during the 4th quarter. Altshuler Shaham Ltd now owns 1,500 shares of the company's stock worth $32,000 after purchasing an additional 1,300 shares during the last quarter. Employees Retirement System of Texas acquired a new position in shares of ZIM Integrated Shipping Services during the 4th quarter worth approximately $45,000. Brown Brothers Harriman & Co. acquired a new position in shares of ZIM Integrated Shipping Services during the 4th quarter worth approximately $79,000. Finally, R Squared Ltd acquired a new position in ZIM Integrated Shipping Services in the 4th quarter valued at $88,000. 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.