ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report)'s stock had its "hold" rating reiterated by equities research analysts at Jefferies Financial Group in a research report issued on Wednesday,Benzinga reports. They currently have a $18.00 target price on the stock. Jefferies Financial Group's target price indicates a potential downside of 1.04% from the company's previous close.
Several other equities research analysts also recently weighed in on ZIM. Fearnley Fonds downgraded ZIM Integrated Shipping Services from a "hold" rating to a "strong sell" rating in a research report on Thursday, November 21st. Barclays dropped their price target on shares of ZIM Integrated Shipping Services from $16.50 to $16.00 and set an "underweight" rating on the stock in a research report on Friday, January 10th. Clarkson Capital raised ZIM Integrated Shipping Services from a "hold" rating to a "strong-buy" rating in a research note on Friday, November 22nd. Finally, JPMorgan Chase & Co. dropped their price objective on shares of ZIM Integrated Shipping Services from $10.00 to $9.50 and set an "underweight" rating on the stock in a research note on Friday, March 7th. Five analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $14.04.
Read Our Latest Stock Analysis on ZIM Integrated Shipping Services
ZIM Integrated Shipping Services Stock Performance
Shares of NYSE ZIM traded up $0.22 during mid-day trading on Wednesday, hitting $18.19. 8,453,351 shares of the company were exchanged, compared to its average volume of 5,578,058. The firm has a market cap of $2.19 billion, a price-to-earnings ratio of 1.52, a price-to-earnings-growth ratio of 0.27 and a beta of 1.70. The stock has a 50 day simple moving average of $19.18 and a 200-day simple moving average of $20.59. ZIM Integrated Shipping Services has a 1-year low of $9.08 and a 1-year high of $30.15. The company has a quick ratio of 1.26, a current ratio of 1.33 and a debt-to-equity ratio of 1.11.
ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last issued its earnings results on Wednesday, March 12th. The company reported $4.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.47 by $1.19. The company had revenue of $2.17 billion during the quarter, compared to analysts' expectations of $1.99 billion. ZIM Integrated Shipping Services had a net margin of 19.26% and a return on equity of 48.63%. On average, sell-side analysts forecast that ZIM Integrated Shipping Services will post 16.75 EPS for the current fiscal year.
Institutional Investors Weigh In On ZIM Integrated Shipping Services
Hedge funds and other institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. raised its stake in ZIM Integrated Shipping Services by 59.4% during the third quarter. JPMorgan Chase & Co. now owns 1,811,447 shares of the company's stock worth $46,482,000 after acquiring an additional 674,723 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in ZIM Integrated Shipping Services in the 3rd quarter valued at about $2,612,000. Blueshift Asset Management LLC acquired a new position in ZIM Integrated Shipping Services during the third quarter worth $620,000. Quantbot Technologies LP boosted its position in shares of ZIM Integrated Shipping Services by 9,573.0% during the third quarter. Quantbot Technologies LP now owns 370,477 shares of the company's stock valued at $9,506,000 after buying an additional 366,647 shares during the last quarter. Finally, Decker Retirement Planning Inc. purchased a new position in shares of ZIM Integrated Shipping Services in the 4th quarter worth approximately $5,509,000. Institutional investors and hedge funds own 21.42% of the company's stock.
About ZIM Integrated Shipping Services
(
Get Free Report)
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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