ZIM Integrated Shipping Services (NYSE:ZIM - Free Report) had its price target reduced by Barclays from $13.50 to $12.00 in a report published on Wednesday,Benzinga reports. Barclays currently has an underweight rating on the stock.
ZIM has been the subject of a number of other research reports. Jefferies Financial Group reissued a "hold" rating and set a $18.00 target price on shares of ZIM Integrated Shipping Services in a report on Wednesday, March 12th. Bank of America reduced their price objective on ZIM Integrated Shipping Services from $16.00 to $12.80 and set an "underperform" rating on the stock in a research report on Friday, April 11th. Finally, JPMorgan Chase & Co. dropped their target price on ZIM Integrated Shipping Services from $10.00 to $9.50 and set an "underweight" rating for the company in a report on Friday, March 7th. Five research analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $13.06.
View Our Latest Research Report on ZIM Integrated Shipping Services
ZIM Integrated Shipping Services Stock Performance
NYSE ZIM traded down $0.82 during mid-day trading on Wednesday, reaching $12.97. 2,257,764 shares of the stock were exchanged, compared to its average volume of 6,112,718. The company has a market capitalization of $1.56 billion, a P/E ratio of 1.09, a P/E/G ratio of 0.27 and a beta of 1.84. ZIM Integrated Shipping Services has a 1 year low of $10.17 and a 1 year high of $30.15. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.26 and a current ratio of 1.33. The business's 50 day moving average is $17.27 and its 200-day moving average is $19.60.
ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last posted its quarterly earnings data on Wednesday, March 12th. The company reported $4.66 EPS for the quarter, beating analysts' consensus estimates of $3.47 by $1.19. ZIM Integrated Shipping Services had a return on equity of 48.63% and a net margin of 19.26%. The business had revenue of $2.17 billion during the quarter, compared to analysts' expectations of $1.99 billion. On average, equities research analysts forecast that ZIM Integrated Shipping Services will post 16.75 EPS for the current fiscal year.
ZIM Integrated Shipping Services Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Monday, March 24th were paid a dividend of $3.17 per share. This represents a $12.68 annualized dividend and a yield of 97.76%. The ex-dividend date of this dividend was Monday, March 24th. This is a positive change from ZIM Integrated Shipping Services's previous quarterly dividend of $2.81. ZIM Integrated Shipping Services's dividend payout ratio (DPR) is 6.51%.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the company. Lazard Asset Management LLC boosted its holdings in ZIM Integrated Shipping Services by 4.9% in the fourth quarter. Lazard Asset Management LLC now owns 15,443 shares of the company's stock valued at $331,000 after purchasing an additional 722 shares during the period. Mark Sheptoff Financial Planning LLC lifted its position in ZIM Integrated Shipping Services by 26.5% in the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 4,300 shares of the company's stock valued at $92,000 after acquiring an additional 900 shares during the last quarter. Regatta Capital Group LLC grew its stake in ZIM Integrated Shipping Services by 7.6% during the 1st quarter. Regatta Capital Group LLC now owns 14,699 shares of the company's stock worth $214,000 after buying an additional 1,040 shares during the last quarter. Altshuler Shaham Ltd grew its position in shares of ZIM Integrated Shipping Services by 650.0% during the fourth quarter. Altshuler Shaham Ltd now owns 1,500 shares of the company's stock worth $32,000 after acquiring an additional 1,300 shares during the last quarter. Finally, Truist Financial Corp increased its stake 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 purchasing an additional 1,376 shares during the period. 21.42% of the stock is currently owned by institutional investors and hedge funds.
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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