Weiss Ratings Reiterates "Hold (C)" Rating for ZIM Integrated Shipping Services (NYSE:ZIM)

Key Points

• Weiss Ratings has reiterated a "Hold (C)" rating for ZIM Integrated Shipping Services, indicating uncertainty about its stock performance.
• Analysts have varied opinions on ZIM; while JPMorgan increased their target price to $10.00, Wall Street Zen downgraded it to "Sell," resulting in a consensus rating of "Strong Sell."
• ZIM's stock price recently fell by 0.2%, trading at $13.48, with a market cap of $1.62 billion and a earnings per share (EPS) significantly lower than the consensus estimate.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report)'s stock had its "hold (c)" rating restated by equities researchers at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Several other analysts also recently issued reports on ZIM. Wall Street Zen downgraded ZIM Integrated Shipping Services from a "hold" rating to a "sell" rating in a research note on Friday, August 22nd. JPMorgan Chase & Co. increased their target price on ZIM Integrated Shipping Services from $9.80 to $10.00 and gave the company an "underweight" rating in a research note on Tuesday, September 30th. Citigroup restated a "sell" rating on shares of ZIM Integrated Shipping Services in a research note on Monday, August 11th. Jefferies Financial Group restated a "hold" rating and set a $17.00 target price on shares of ZIM Integrated Shipping Services in a research note on Wednesday, August 20th. Finally, Barclays decreased their target price on ZIM Integrated Shipping Services from $14.80 to $13.30 and set an "underweight" rating for the company in a research note on Thursday, August 28th. Three analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Strong Sell" and a consensus target price of $14.62.

ZIM Integrated Shipping Services Stock Down 0.2%

Shares of ZIM traded down $0.03 during trading hours on Wednesday, hitting $13.48. 1,478,310 shares of the company were exchanged, compared to its average volume of 5,941,344. The company has a market cap of $1.62 billion, a PE ratio of 0.81, a PEG ratio of 0.16 and a beta of 1.72. The firm's 50 day moving average is $14.68 and its 200-day moving average is $15.37. ZIM Integrated Shipping Services has a 52 week low of $11.03 and a 52 week high of $30.15. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.11 and a current ratio of 1.20.

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

Hedge Funds Weigh In On ZIM Integrated Shipping Services

Large investors have recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC acquired a new position in ZIM Integrated Shipping Services in the 2nd quarter valued at 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. Allworth Financial LP boosted its stake in ZIM Integrated Shipping Services by 230.6% in the 2nd 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 in the last quarter. Finally, Mark Sheptoff Financial Planning LLC boosted its stake in ZIM Integrated Shipping Services by 206.7% in the 2nd quarter. Mark Sheptoff Financial Planning LLC now owns 4,600 shares of the company's stock valued at $74,000 after buying an additional 3,100 shares in 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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