ZIM Integrated Shipping Services' (ZIM) Buy Rating Reiterated at Jefferies Financial Group

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report)'s stock had its "buy" rating reissued by investment analysts at Jefferies Financial Group in a report issued on Wednesday, Benzinga reports. They currently have a $20.00 target price on the stock. Jefferies Financial Group's target price indicates a potential upside of 5.21% from the stock's previous close.

A number of other equities analysts have also weighed in on ZIM. Bank of America decreased their target price on ZIM Integrated Shipping Services from $11.00 to $7.80 and set an "underperform" rating for the company in a research report on Tuesday, March 19th. JPMorgan Chase & Co. decreased their target price on ZIM Integrated Shipping Services from $9.30 to $9.25 and set a "neutral" rating for the company in a research report on Friday, March 22nd. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $10.51.

ZIM Integrated Shipping Services Stock Up 4.2 %

ZIM Integrated Shipping Services stock traded up $0.76 on Wednesday, hitting $19.01. 6,832,997 shares of the stock traded hands, compared to its average volume of 6,527,098. The company has a current ratio of 1.02, a quick ratio of 0.95 and a debt-to-equity ratio of 1.35. The firm has a market cap of $2.29 billion, a P/E ratio of -0.85, a price-to-earnings-growth ratio of 0.33 and a beta of 1.64. The business's fifty day simple moving average is $12.49 and its 200 day simple moving average is $11.32. ZIM Integrated Shipping Services has a 1 year low of $6.39 and a 1 year high of $19.80.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last announced its quarterly earnings data on Wednesday, March 13th. The company reported ($1.23) EPS for the quarter, beating the consensus estimate of ($1.33) by $0.10. The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.23 billion. ZIM Integrated Shipping Services had a negative return on equity of 16.29% and a negative net margin of 52.22%. As a group, sell-side analysts forecast that ZIM Integrated Shipping Services will post 1.37 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in ZIM. Tower Research Capital LLC TRC raised its holdings in shares of ZIM Integrated Shipping Services by 92.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,335 shares of the company's stock worth $33,000 after acquiring an additional 1,601 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of ZIM Integrated Shipping Services by 604.3% during the 4th quarter. Blue Trust Inc. now owns 4,296 shares of the company's stock worth $45,000 after acquiring an additional 3,686 shares in the last quarter. Citigroup Inc. raised its holdings in shares of ZIM Integrated Shipping Services by 77.1% during the 3rd quarter. Citigroup Inc. now owns 5,403 shares of the company's stock worth $56,000 after acquiring an additional 2,352 shares in the last quarter. Scarborough Advisors LLC purchased a new stake in shares of ZIM Integrated Shipping Services during the 4th quarter worth approximately $58,000. Finally, Russell Investments Group Ltd. raised its holdings in shares of ZIM Integrated Shipping Services by 1,431.1% during the 1st quarter. Russell Investments Group Ltd. now owns 6,063 shares of the company's stock worth $61,000 after acquiring an additional 5,667 shares in the last quarter. 21.42% of the stock is owned by hedge funds and other institutional investors.

ZIM Integrated Shipping Services Company Profile

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.