Jefferies Financial Group Reiterates "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.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report)'s stock had its "hold" rating reissued by Jefferies Financial Group in a research note issued on Wednesday,Benzinga reports. They currently have a $17.00 target price on the stock. Jefferies Financial Group's price objective would indicate a potential upside of 9.21% from the stock's current price.

Several other analysts also recently issued reports on ZIM. Citigroup reaffirmed a "sell" rating on shares of ZIM Integrated Shipping Services in a research report on Monday, August 11th. Barclays increased their price objective on shares of ZIM Integrated Shipping Services from $14.20 to $14.80 and gave the company an "underweight" rating in a research report on Friday, June 27th. Finally, Clarkson Capital downgraded shares of ZIM Integrated Shipping Services from a "buy" rating to a "neutral" rating and set a $20.00 price objective for the company. in a research report on Tuesday, May 20th. Two analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat, ZIM Integrated Shipping Services currently has an average rating of "Strong Sell" and a consensus price target of $14.82.

ZIM Integrated Shipping Services Stock Down 3.7%

Shares of NYSE:ZIM opened at $15.5660 on Wednesday. The company has a quick ratio of 1.10, a current ratio of 1.18 and a debt-to-equity ratio of 1.16. ZIM Integrated Shipping Services has a 52-week low of $11.03 and a 52-week high of $30.15. The company has a 50 day moving average of $16.27 and a two-hundred day moving average of $16.72. The company has a market capitalization of $1.87 billion, a price-to-earnings ratio of 0.80, a price-to-earnings-growth ratio of 0.22 and a beta of 1.75.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last issued its quarterly earnings data on Wednesday, August 20th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.73). ZIM Integrated Shipping Services had a net margin of 26.52% and a return on equity of 63.46%. As a group, analysts forecast that ZIM Integrated Shipping Services will post 16.75 earnings per share for the current fiscal year.

Hedge Funds Weigh In On ZIM Integrated Shipping Services

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