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

ZIM Integrated Shipping Services (NYSE:ZIM) was downgraded by research analysts at Jefferies Financial Group from a “buy” rating to a “hold” rating in a research report issued on Wednesday, MarketBeat Ratings reports. They presently have a $25.00 price target on the stock. Jefferies Financial Group’s target price points to a potential upside of 15.37% from the company’s current price.

A number of other analysts have also recently commented on the stock. Citigroup cut 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 research note on Thursday, June 6th. Bank of America raised their price target 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. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $10.50 price objective on shares of ZIM Integrated Shipping Services in a research note on Tuesday, September 10th. Finally, Barclays raised their target price on ZIM Integrated Shipping Services from $12.50 to $15.00 and gave the stock an “underweight” rating in a research note on Friday, August 23rd. Four equities research analysts have rated the stock with a sell rating and one has issued a hold rating to the stock. According to MarketBeat.com, ZIM Integrated Shipping Services presently has an average rating of “Reduce” and an average price target of $15.44.

ZIM Integrated Shipping Services Trading Down 7.4 %

NYSE:ZIM opened at $21.67 on Wednesday. ZIM Integrated Shipping Services has a 12 month low of $6.39 and a 12 month high of $26.20. The company has a current ratio of 1.04, a quick ratio of 0.97 and a debt-to-equity ratio of 1.41. The firm’s 50 day moving average is $19.77 and its 200 day moving average is $17.44. The stock has a market capitalization of $2.61 billion, a PE ratio of -1.02, a price-to-earnings-growth ratio of 0.05 and a beta of 1.86.

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

Institutional Trading of ZIM Integrated Shipping Services

Several institutional investors and hedge funds have recently modified their holdings of the business. Allianz Asset Management GmbH increased its position in shares of ZIM Integrated Shipping Services by 1,446.0% in the fourth quarter. Allianz Asset Management GmbH now owns 161,552 shares of the company’s stock worth $1,595,000 after purchasing an additional 151,102 shares during the last quarter. Seven Eight Capital LP increased its holdings in shares of ZIM Integrated Shipping Services by 166.1% in the 4th quarter. Seven Eight Capital LP now owns 83,745 shares of the company’s stock worth $827,000 after buying an additional 52,270 shares during the last quarter. Scarborough Advisors LLC purchased a new stake in shares of ZIM Integrated Shipping Services during the 4th quarter valued at $58,000. Napatree Capital LLC bought a new stake in shares of ZIM Integrated Shipping Services during the 4th quarter worth $281,000. Finally, International Assets Investment Management LLC grew its position in ZIM Integrated Shipping Services by 29.5% in the first quarter. International Assets Investment Management LLC now owns 22,800 shares of the company’s stock worth $243,000 after acquiring an additional 5,200 shares in the last quarter. Hedge funds and other institutional investors 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.