ZIM Integrated Shipping Services (NYSE:ZIM) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) had its target price lifted by stock analysts at Jefferies Financial Group from $15.00 to $16.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a "hold" rating on the stock. Jefferies Financial Group's price objective would suggest a potential downside of 10.86% from the stock's previous close.

Several other analysts have also recently weighed in on ZIM. Barclays reduced their price target 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. JPMorgan Chase & Co. reduced their price target on ZIM Integrated Shipping Services from $10.00 to $9.50 and set an "underweight" rating on the stock in a report on Friday, March 7th. Finally, Bank of America reduced their price target on ZIM Integrated Shipping Services from $16.00 to $12.80 and set an "underperform" rating on the stock in a report on Friday, April 11th. Five investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $12.66.

ZIM Integrated Shipping Services Price Performance

ZIM stock traded down $0.33 during midday trading on Tuesday, reaching $17.95. The company had a trading volume of 4,194,747 shares, compared to its average volume of 6,096,269. The company has a market capitalization of $2.16 billion, a price-to-earnings ratio of 1.50, a price-to-earnings-growth ratio of 0.27 and a beta of 1.84. The stock has a 50 day moving average price of $15.18 and a 200-day moving average price of $18.80. ZIM Integrated Shipping Services has a 1-year low of $11.04 and a 1-year high of $30.15. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.33 and a quick ratio of 1.26.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last posted its quarterly earnings results on Wednesday, March 12th. The company reported $4.66 EPS for the quarter, beating analysts' consensus estimates of $3.47 by $1.19. The business had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $1.99 billion. ZIM Integrated Shipping Services had a return on equity of 48.63% and a net margin of 19.26%. Equities research analysts expect that ZIM Integrated Shipping Services will post 16.75 earnings per share for the current year.

Hedge Funds Weigh In On ZIM Integrated Shipping Services

A number of institutional investors have recently modified their holdings of ZIM. New York State Common Retirement Fund acquired a new position in shares of ZIM Integrated Shipping Services during the first quarter worth approximately $30,000. Altshuler Shaham Ltd raised its position in shares of 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 shares of ZIM Integrated Shipping Services during the fourth quarter worth approximately $45,000. Brown Brothers Harriman & Co. acquired a new position in shares of ZIM Integrated Shipping Services during the fourth quarter worth approximately $79,000. Finally, R Squared Ltd acquired a new position in shares of ZIM Integrated Shipping Services during the fourth quarter worth approximately $88,000. 21.42% of the stock is owned by institutional investors and hedge funds.

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.