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 target price increased by analysts at Jefferies Financial Group from $16.00 to $17.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a "hold" rating on the stock. Jefferies Financial Group's target price would indicate a potential downside of 12.60% from the company's current price.

ZIM has been the subject of several other research reports. Bank of America cut their price target on ZIM Integrated Shipping Services from $16.00 to $12.80 and set an "underperform" rating for the company in a research note on Friday, April 11th. JPMorgan Chase & Co. cut their price objective on ZIM Integrated Shipping Services from $10.00 to $9.50 and set an "underweight" rating for the company in a research note on Friday, March 7th. Finally, Barclays decreased their price objective on ZIM Integrated Shipping Services from $13.50 to $12.00 and set an "underweight" rating on the stock in a report on Wednesday, April 16th. Five analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. Based on data from MarketBeat.com, ZIM Integrated Shipping Services currently has an average rating of "Reduce" and a consensus price target of $14.05.

ZIM Integrated Shipping Services Price Performance

Shares of NYSE ZIM opened at $19.45 on Tuesday. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.33 and a quick ratio of 1.26. The stock has a market capitalization of $2.34 billion, a price-to-earnings ratio of 1.63, a PEG ratio of 0.27 and a beta of 1.84. The firm's 50 day simple moving average is $15.14 and its 200-day simple moving average is $18.68. ZIM Integrated Shipping Services has a 12 month low of $11.04 and a 12 month high of $30.15.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last released its quarterly earnings results on Monday, May 19th. The company reported $2.45 EPS for the quarter, beating the consensus estimate of $1.89 by $0.56. The company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.84 billion. ZIM Integrated Shipping Services had a net margin of 19.26% and a return on equity of 48.63%. During the same quarter last year, the business earned $0.75 earnings per share. Analysts expect that ZIM Integrated Shipping Services will post 16.75 EPS for the current year.

Hedge Funds Weigh In On ZIM Integrated Shipping Services

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. New York State Common Retirement Fund purchased a new position in shares of ZIM Integrated Shipping Services during the 1st quarter worth $30,000. Altshuler Shaham Ltd raised its stake in ZIM Integrated Shipping Services by 650.0% during the fourth 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 period. Employees Retirement System of Texas acquired a new position in ZIM Integrated Shipping Services in the 4th quarter valued at about $45,000. Brown Brothers Harriman & Co. purchased a new stake in shares of ZIM Integrated Shipping Services in the 4th quarter valued at approximately $79,000. Finally, R Squared Ltd acquired a new stake in shares of ZIM Integrated Shipping Services during the 4th quarter worth approximately $88,000. Institutional investors and hedge funds 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.

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