Barclays Forecasts Strong Price Appreciation for ZIM Integrated Shipping Services (NYSE:ZIM) Stock

ZIM Integrated Shipping Services (NYSE:ZIM - Free Report) had its target price raised by Barclays from $14.20 to $14.80 in a report published on Friday morning,Benzinga reports. Barclays currently has an underweight rating on the stock.

A number of other equities research analysts also recently commented on the company. Clarkson Capital downgraded ZIM Integrated Shipping Services from a "buy" rating to a "neutral" rating and set a $20.00 target price for the company. in a report on Tuesday, May 20th. Jefferies Financial Group upped their target price on shares of ZIM Integrated Shipping Services from $16.00 to $17.00 and gave the stock a "hold" rating in a research report on Tuesday, May 20th. JPMorgan Chase & Co. reduced their price target on shares of ZIM Integrated Shipping Services from $10.00 to $9.50 and set an "underweight" rating for the company in a research report on Friday, March 7th. Finally, Bank of America lowered their price target on ZIM Integrated Shipping Services from $16.00 to $12.80 and set an "underperform" rating on the stock in a report on Friday, April 11th. Four analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Reduce" and an average price target of $14.82.

ZIM Integrated Shipping Services Stock Performance

Shares of NYSE:ZIM traded down $0.45 during midday trading on Friday, hitting $16.08. The stock had a trading volume of 4,810,675 shares, compared to its average volume of 6,576,386. ZIM Integrated Shipping Services has a 1 year low of $11.03 and a 1 year high of $30.15. The company has a current ratio of 1.18, a quick ratio of 1.10 and a debt-to-equity ratio of 1.16. The stock has a 50 day moving average price of $16.38 and a two-hundred day moving average price of $17.51. The company has a market capitalization of $1.94 billion, a PE ratio of 0.82, a P/E/G ratio of 0.28 and a beta of 1.83.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last announced its quarterly earnings data on Monday, May 19th. The company reported $2.45 earnings per share for the quarter, beating analysts' consensus estimates of $1.89 by $0.56. The company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.84 billion. ZIM Integrated Shipping Services had a return on equity of 63.46% and a net margin of 26.52%. During the same quarter in the previous year, the company earned $0.75 EPS. As a group, equities analysts predict that ZIM Integrated Shipping Services will post 16.75 earnings per share for the current fiscal year.

ZIM Integrated Shipping Services Announces Dividend

The business also recently disclosed a dividend, which was paid on Monday, June 9th. Investors of record on Tuesday, June 3rd were paid a dividend of $0.74 per share. This represents a dividend yield of 16.96%. The ex-dividend date was Monday, June 2nd. ZIM Integrated Shipping Services's payout ratio is currently 4.76%.

Hedge Funds Weigh In On ZIM Integrated Shipping Services

Several institutional investors and hedge funds have recently modified their holdings of ZIM. Truist Financial Corp boosted its holdings in ZIM Integrated Shipping Services by 10.2% in the fourth quarter. Truist Financial Corp now owns 14,804 shares of the company's stock valued at $318,000 after acquiring an additional 1,376 shares during the last quarter. U S Global Investors Inc. acquired a new stake in shares of ZIM Integrated Shipping Services in the fourth quarter worth $345,000. SBI Securities Co. Ltd. purchased a new position in shares of ZIM Integrated Shipping Services in the 4th quarter valued at $1,294,000. Raymond James Financial Inc. purchased a new position in shares of ZIM Integrated Shipping Services in the fourth quarter valued at $1,771,000. Finally, HighTower Advisors LLC grew its holdings in ZIM Integrated Shipping Services by 20.5% during the 4th quarter. HighTower Advisors LLC now owns 12,246 shares of the company's stock valued at $263,000 after purchasing an additional 2,080 shares in the last quarter. Hedge funds and other institutional investors own 21.42% of the company's stock.

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.