ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Given Average Rating of “Reduce” by Analysts

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) has received an average recommendation of “Reduce” from the four ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $10.51.

A number of brokerages have recently weighed in on ZIM. Jefferies Financial Group restated a “buy” rating and set a $20.00 price target on shares of ZIM Integrated Shipping Services in a research note on Wednesday, March 13th. JPMorgan Chase & Co. cut their price target on shares of ZIM Integrated Shipping Services from $9.30 to $9.25 and set a “neutral” rating on the stock in a research note on Friday, March 22nd. Finally, Bank of America lowered their price objective on shares of ZIM Integrated Shipping Services from $11.00 to $7.80 and set an “underperform” rating for the company in a research note on Tuesday, March 19th.

ZIM Integrated Shipping Services Trading Up 4.8 %

NYSE ZIM opened at $14.07 on Wednesday. The firm has a market cap of $1.69 billion, a PE ratio of -0.63 and a beta of 1.64. ZIM Integrated Shipping Services has a 52 week low of $6.39 and a 52 week high of $17.97. The company has a quick ratio of 0.95, a current ratio of 1.02 and a debt-to-equity ratio of 1.35. The company has a 50 day moving average price of $10.96 and a 200 day moving average price of $10.53.

ZIM Integrated Shipping Services (NYSE:ZIM) last issued its quarterly earnings data on Wednesday, March 13th. The company reported ($1.23) EPS for the quarter, beating the consensus estimate of ($1.33) by $0.10. ZIM Integrated Shipping Services had a negative return on equity of 16.29% and a negative net margin of 52.22%. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.23 billion. As a group, sell-side analysts forecast that ZIM Integrated Shipping Services will post 0.69 EPS for the current fiscal year.

Hedge Funds Weigh In On ZIM Integrated Shipping Services

A number of institutional investors have recently bought and sold shares of the business. Oppenheimer & Co. Inc. acquired a new stake in shares of ZIM Integrated Shipping Services in the first quarter worth $310,000. Global Retirement Partners LLC grew its position in ZIM Integrated Shipping Services by 10.4% during the 1st quarter. Global Retirement Partners LLC now owns 50,206 shares of the company’s stock worth $508,000 after purchasing an additional 4,713 shares during the period. Regatta Capital Group LLC raised its stake in shares of ZIM Integrated Shipping Services by 8.5% during the 1st quarter. Regatta Capital Group LLC now owns 16,022 shares of the company’s stock valued at $162,000 after buying an additional 1,254 shares during the last quarter. Counterpoint Mutual Funds LLC lifted its holdings in shares of ZIM Integrated Shipping Services by 105.9% in the 1st quarter. Counterpoint Mutual Funds LLC now owns 28,438 shares of the company’s stock valued at $288,000 after buying an additional 14,627 shares during the period. Finally, International Assets Investment Management LLC boosted its stake in shares of 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 buying an additional 5,200 shares during the last quarter. 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.