Jefferies Financial Group Forecasts Strong Price Appreciation for ZIM Integrated Shipping Services (NYSE:ZIM) Stock

ZIM Integrated Shipping Services (NYSE:ZIM) had its price target raised by equities researchers at Jefferies Financial Group from $15.00 to $20.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has a “hold” rating on the stock. Jefferies Financial Group’s target price would suggest a potential upside of 0.78% from the company’s previous close.

Other equities analysts have also issued reports about the stock. Wall Street Zen raised shares of ZIM Integrated Shipping Services from a “sell” rating to a “hold” rating in a research report on Friday, November 28th. UBS Group set a $9.70 price objective on shares of ZIM Integrated Shipping Services in a research note on Monday, November 24th. Barclays dropped their price objective on shares of ZIM Integrated Shipping Services from $14.80 to $13.30 and set an “underweight” rating on the stock in a report on Thursday, August 28th. Weiss Ratings restated a “hold (c)” rating on shares of ZIM Integrated Shipping Services in a research note on Wednesday, October 8th. Finally, Citigroup reiterated a “sell” rating on shares of ZIM Integrated Shipping Services in a research note on Monday, August 11th. Three analysts have rated the stock with a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Strong Sell” and an average price target of $14.08.

ZIM Integrated Shipping Services Stock Down 1.2%

ZIM Integrated Shipping Services stock opened at $19.85 on Monday. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.30 and a quick ratio of 1.22. The stock has a market capitalization of $2.39 billion, a price-to-earnings ratio of 2.39 and a beta of 1.70. ZIM Integrated Shipping Services has a 1-year low of $11.03 and a 1-year high of $23.61. The business has a fifty day moving average price of $15.79 and a 200-day moving average price of $15.72.

ZIM Integrated Shipping Services (NYSE:ZIM) last announced its earnings results on Thursday, November 20th. The company reported $1.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.67 by ($0.65). The business had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.74 billion. ZIM Integrated Shipping Services had a net margin of 13.22% and a return on equity of 25.18%. Equities research 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 have recently bought and sold shares of the stock. Legacy Investment Solutions LLC acquired a new stake in ZIM Integrated Shipping Services during the second quarter valued at $26,000. Quarry LP purchased a new position in shares of ZIM Integrated Shipping Services in the 3rd quarter valued at about $34,000. Edmond DE Rothschild Holding S.A. acquired a new position in ZIM Integrated Shipping Services in the 2nd quarter worth about $37,000. Larson Financial Group LLC boosted its position in ZIM Integrated Shipping Services by 158.8% during the third quarter. Larson Financial Group LLC now owns 3,256 shares of the company’s stock worth $44,000 after purchasing an additional 1,998 shares in the last quarter. Finally, Triumph Capital Management purchased a new position in ZIM Integrated Shipping Services during the third quarter worth approximately $44,000. 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.