Jefferies Financial Group Has Lowered Expectations for ZIM Integrated Shipping Services (NYSE:ZIM) Stock Price

ZIM Integrated Shipping Services (NYSE:ZIM) had its price objective cut by equities research analysts at Jefferies Financial Group from $28.00 to $22.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has a “hold” rating on the stock. Jefferies Financial Group’s target price suggests a potential upside of 12.79% from the company’s current price.

Several other research analysts also recently commented on the company. Bank of America raised their price objective 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. Barclays boosted their price target on ZIM Integrated Shipping Services from $13.90 to $16.50 and gave the stock an “underweight” rating in a research report on Monday, November 25th. Fearnley Fonds lowered ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 21st. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $10.50 price target on shares of ZIM Integrated Shipping Services in a research report on Tuesday, September 10th. Finally, Clarkson Capital raised ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 22nd. Five analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $15.14.

ZIM Integrated Shipping Services Trading Down 1.9 %

ZIM opened at $19.51 on Tuesday. The stock’s fifty day moving average is $22.40 and its two-hundred day moving average is $20.69. The company has a market capitalization of $2.35 billion, a P/E ratio of 1.63, a PEG ratio of 0.04 and a beta of 1.78. ZIM Integrated Shipping Services has a 52 week low of $9.08 and a 52 week 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.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. International Assets Investment Management LLC grew its stake in ZIM Integrated Shipping Services by 2,228.7% during the 3rd quarter. International Assets Investment Management LLC now owns 402,862 shares of the company’s stock valued at $10,337,000 after purchasing an additional 385,562 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in ZIM Integrated Shipping Services during the 3rd quarter valued at about $2,612,000. Blueshift Asset Management LLC purchased a new stake in ZIM Integrated Shipping Services during the 3rd quarter valued at about $620,000. Quantbot Technologies LP grew its stake in ZIM Integrated Shipping Services by 9,573.0% during the 3rd quarter. Quantbot Technologies LP now owns 370,477 shares of the company’s stock valued at $9,506,000 after purchasing an additional 366,647 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in ZIM Integrated Shipping Services during the 2nd quarter valued at about $2,343,000. 21.42% of the stock is owned by institutional investors and hedge funds.

ZIM Integrated Shipping Services Company Profile

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.