Jefferies Financial Group Lowers ZIM Integrated Shipping Services (NYSE:ZIM) to Hold

ZIM Integrated Shipping Services (NYSE:ZIM) was downgraded by analysts at Jefferies Financial Group from a “buy” rating to a “hold” rating in a report released on Wednesday, Briefing.com reports. They presently have a $25.00 price target on the stock. Jefferies Financial Group’s price target would indicate a potential upside of 2.82% from the stock’s current price.

ZIM has been the subject of a number of other reports. JPMorgan Chase & Co. restated an “underweight” rating and issued a $10.50 target price on shares of ZIM Integrated Shipping Services in a research report on Tuesday, September 10th. Barclays upped their price objective on ZIM Integrated Shipping Services from $12.50 to $15.00 and gave the company an “underweight” rating in a report on Friday, August 23rd. Bank of America lifted their target price on ZIM Integrated Shipping Services from $12.20 to $13.70 and gave the stock an “underperform” rating in a report on Wednesday, August 28th. Finally, Citigroup downgraded shares of ZIM Integrated Shipping Services from a “neutral” rating to a “sell” rating and upped their price target for the company from $11.60 to $13.00 in a report on Thursday, June 6th. Four analysts have rated the stock with a sell rating and one has given a hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $15.44.

ZIM Integrated Shipping Services Trading Down 5.2 %

Shares of ZIM stock opened at $24.32 on Wednesday. The firm has a market capitalization of $2.93 billion, a PE ratio of -1.15, a price-to-earnings-growth ratio of 0.05 and a beta of 1.83. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.97 and a current ratio of 1.04. ZIM Integrated Shipping Services has a 1 year low of $6.39 and a 1 year high of $26.20. The stock has a fifty day moving average of $19.57 and a two-hundred day moving average of $17.37.

ZIM Integrated Shipping Services (NYSE:ZIM) last announced its earnings results on Monday, August 19th. The company reported $3.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.07 by $1.01. ZIM Integrated Shipping Services had a negative net margin of 32.81% and a positive return on equity of 2.89%. The firm had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same quarter in the prior year, the firm posted ($1.37) EPS. As a group, research analysts expect that ZIM Integrated Shipping Services will post 10.87 EPS for the current year.

Institutional Trading of ZIM Integrated Shipping Services

A number of hedge funds have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. raised its stake in ZIM Integrated Shipping Services by 2,341.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,929 shares of the company’s stock valued at $43,000 after purchasing an additional 1,850 shares during the period. Mather Group LLC. purchased a new stake in ZIM Integrated Shipping Services in the 2nd quarter worth about $96,000. Scarborough Advisors LLC acquired a new stake in ZIM Integrated Shipping Services during the 4th quarter worth about $58,000. Russell Investments Group Ltd. grew its stake in 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 valued at $61,000 after acquiring an additional 5,667 shares in the last quarter. Finally, nVerses Capital LLC acquired a new position in shares of ZIM Integrated Shipping Services in the 2nd quarter valued at about $142,000. 21.42% of the stock is owned by hedge funds and other 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.