Jefferies Financial Group Reaffirms "Hold" Rating for ZIM Integrated Shipping Services (NYSE:ZIM)

Key Points

• Jefferies Financial Group has reaffirmed a "hold" rating for ZIM Integrated Shipping Services with a target price of $17.00, indicating a potential upside of 9.21% from the current stock price.
• Consensus ratings show that ZIM Integrated Shipping Services is viewed negatively, with an average rating of "Strong Sell" and a consensus price target of $14.82.
• The company's recent earnings report revealed a significant miss on EPS, with actual earnings of $0.19 compared to the consensus estimate of $0.92.

Jefferies Financial Group restated their hold rating on shares of ZIM Integrated Shipping Services (NYSE:ZIM - Free Report) in a research report released on Wednesday morning,Benzinga reports. Jefferies Financial Group currently has a $17.00 target price on the stock.

ZIM has been the topic of several other research reports. Clarkson Capital lowered ZIM Integrated Shipping Services from a "buy" rating to a "neutral" rating and set a $20.00 price target on the stock. in a research note on Tuesday, May 20th. Barclays lifted their price target on ZIM Integrated Shipping Services from $14.20 to $14.80 and gave the company an "underweight" rating in a research note on Friday, June 27th. Finally, Citigroup reiterated a "sell" rating on shares of ZIM Integrated Shipping Services in a research note on Monday, August 11th. Two analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Strong Sell" and a consensus target price of $14.88.

ZIM Integrated Shipping Services Price Performance

ZIM Integrated Shipping Services stock traded down $0.2650 during mid-day trading on Wednesday, reaching $14.1050. 2,997,025 shares of the company were exchanged, compared to its average volume of 6,255,367. The company has a fifty day simple moving average of $16.14 and a 200-day simple moving average of $16.65. ZIM Integrated Shipping Services has a 12 month low of $11.03 and a 12 month high of $30.15. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.20 and a quick ratio of 1.11. The firm has a market cap of $1.70 billion, a PE ratio of 0.85, a PEG ratio of 0.19 and a beta of 1.75.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last posted its quarterly earnings data on Wednesday, August 20th. The company reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $1.50 by ($1.31). ZIM Integrated Shipping Services had a return on equity of 50.61% and a net margin of 23.37%.The company had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.84 billion. As a group, equities research analysts expect that ZIM Integrated Shipping Services will post 16.75 earnings per share for the current fiscal year.

ZIM Integrated Shipping Services Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 9th. Shareholders of record on Tuesday, September 2nd will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.7%. ZIM Integrated Shipping Services's payout ratio is presently 5.59%.

Institutional Trading of ZIM Integrated Shipping Services

Several institutional investors have recently added to or reduced their stakes in the stock. Legacy Investment Solutions LLC acquired a new position in shares of ZIM Integrated Shipping Services in the 2nd quarter worth approximately $26,000. New York State Common Retirement Fund acquired a new position in shares of ZIM Integrated Shipping Services in the 1st quarter worth approximately $30,000. Edmond DE Rothschild Holding S.A. acquired a new position in shares of ZIM Integrated Shipping Services in the 2nd quarter worth approximately $37,000. Employees Retirement System of Texas bought a new stake in ZIM Integrated Shipping Services during the fourth quarter valued at $45,000. Finally, Allworth Financial LP grew its holdings in ZIM Integrated Shipping Services by 230.6% during the 2nd quarter. Allworth Financial LP now owns 3,637 shares of the company's stock worth $59,000 after acquiring an additional 2,537 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.