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ZIM Integrated Shipping Services (NYSE:ZIM) Stock Price Up 4.4%

ZIM Integrated Shipping Services logo with Transportation background

Shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Get Free Report) traded up 4.4% during mid-day trading on Monday . The company traded as high as $20.73 and last traded at $20.52. 1,195,152 shares traded hands during trading, a decline of 82% from the average session volume of 6,553,189 shares. The stock had previously closed at $19.65.

Wall Street Analyst Weigh In

ZIM has been the topic of several recent research reports. Barclays lifted their price target on ZIM Integrated Shipping Services from $5.00 to $10.00 and gave the company an "underweight" rating in a research note on Tuesday, May 28th. Bank of America reduced their price target on ZIM Integrated Shipping Services from $11.00 to $7.80 and set an "underperform" rating for the company in a research report on Tuesday, March 19th. JPMorgan Chase & Co. cut their price objective on shares of ZIM Integrated Shipping Services from $9.30 to $9.25 and set a "neutral" rating on the stock in a research report on Friday, March 22nd. Citigroup downgraded shares of ZIM Integrated Shipping Services from a "neutral" rating to a "sell" rating and raised their target price for the company from $11.60 to $13.00 in a research report on Thursday, June 6th. Finally, Jefferies Financial Group reissued a "buy" rating and set a $20.00 price target on shares of ZIM Integrated Shipping Services in a research report on Wednesday, May 22nd. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $12.01.

Check Out Our Latest Stock Report on ZIM Integrated Shipping Services


ZIM Integrated Shipping Services Stock Performance

The company has a quick ratio of 0.90, a current ratio of 0.98 and a debt-to-equity ratio of 1.49. The stock's fifty day moving average is $16.93 and its two-hundred day moving average is $13.36. The firm has a market capitalization of $2.44 billion, a price-to-earnings ratio of -0.97, a P/E/G ratio of 0.33 and a beta of 1.88.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last released its quarterly earnings data on Tuesday, May 21st. The company reported $0.75 earnings per share for the quarter, missing the consensus estimate of $1.09 by ($0.34). The firm had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.53 billion. ZIM Integrated Shipping Services had a negative return on equity of 14.80% and a negative net margin of 47.59%. On average, analysts predict that ZIM Integrated Shipping Services Ltd. will post 1.88 earnings per share for the current year.

ZIM Integrated Shipping Services Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 11th. Stockholders of record on Tuesday, June 4th were given a $0.23 dividend. The ex-dividend date of this dividend was Tuesday, June 4th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 4.54%. ZIM Integrated Shipping Services's payout ratio is -4.35%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC boosted its position in ZIM Integrated Shipping Services by 92.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,335 shares of the company's stock worth $33,000 after purchasing an additional 1,601 shares during the period. Blue Trust Inc. raised its stake in ZIM Integrated Shipping Services by 604.3% in the fourth quarter. Blue Trust Inc. now owns 4,296 shares of the company's stock valued at $45,000 after purchasing an additional 3,686 shares in the last quarter. Citigroup Inc. raised its position in shares of ZIM Integrated Shipping Services by 77.1% in the 3rd quarter. Citigroup Inc. now owns 5,403 shares of the company's stock valued at $56,000 after buying an additional 2,352 shares in the last quarter. Scarborough Advisors LLC acquired a new position in ZIM Integrated Shipping Services during the fourth quarter worth about $58,000. Finally, Russell Investments Group Ltd. boosted its stake in shares of ZIM Integrated Shipping Services by 1,431.1% in the 1st quarter. Russell Investments Group Ltd. now owns 6,063 shares of the company's stock valued at $61,000 after purchasing an additional 5,667 shares in the last quarter. 21.42% of the stock is 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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