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ZIM Integrated Shipping Services (NYSE:ZIM) Trading 0% Higher

ZIM Integrated Shipping Services logo with Transportation background

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Get Free Report) shares were up 0% during trading on Tuesday . The stock traded as high as $20.44 and last traded at $20.26. Approximately 438,512 shares were traded during mid-day trading, a decline of 93% from the average daily volume of 6,528,359 shares. The stock had previously closed at $20.25.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on ZIM shares. Barclays boosted their price objective on shares of ZIM Integrated Shipping Services from $5.00 to $10.00 and gave the company an "underweight" rating in a research report on Tuesday, May 28th. Bank of America lowered their price target on shares of ZIM Integrated Shipping Services from $11.00 to $7.80 and set an "underperform" rating on the stock in a research note on Tuesday, March 19th. JPMorgan Chase & Co. lowered their price target on shares of ZIM Integrated Shipping Services from $9.30 to $9.25 and set a "neutral" rating on the stock in a research note on Friday, March 22nd. Jefferies Financial Group reiterated a "buy" rating and issued a $20.00 price target on shares of ZIM Integrated Shipping Services in a research note on Wednesday, May 22nd. Finally, Citigroup lowered shares of ZIM Integrated Shipping Services from a "neutral" rating to a "sell" rating and lifted their price target for the company from $11.60 to $13.00 in a research note on Thursday, June 6th. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat, ZIM Integrated Shipping Services has a consensus rating of "Hold" and an average price target of $12.01.

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ZIM Integrated Shipping Services Stock Up 2.4 %

The company has a market capitalization of $2.49 billion, a price-to-earnings ratio of -0.98, a price-to-earnings-growth ratio of 0.18 and a beta of 1.87. The firm's 50 day moving average price is $17.13 and its two-hundred day moving average price is $13.46. The company has a current ratio of 0.98, a quick ratio of 0.90 and a debt-to-equity ratio of 1.49.

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%. Sell-side analysts anticipate that ZIM Integrated Shipping Services Ltd. will post 3.42 earnings per share for the current fiscal year.

ZIM Integrated Shipping Services Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 11th. Stockholders of record on Tuesday, June 4th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Tuesday, June 4th. This represents a $0.92 annualized dividend and a dividend yield of 4.44%. ZIM Integrated Shipping Services's dividend payout ratio is presently -4.35%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of ZIM. Charles Schwab Investment Management Inc. grew its stake in ZIM Integrated Shipping Services by 82.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 512,103 shares of the company's stock valued at $5,054,000 after buying an additional 231,955 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in ZIM Integrated Shipping Services by 1,204.6% in the 4th quarter. International Assets Investment Management LLC now owns 173,712 shares of the company's stock valued at $17,600,000 after purchasing an additional 160,397 shares during the period. Allianz Asset Management GmbH boosted its holdings in ZIM Integrated Shipping Services by 1,446.0% in the 4th quarter. Allianz Asset Management GmbH now owns 161,552 shares of the company's stock valued at $1,595,000 after purchasing an additional 151,102 shares during the period. American Century Companies Inc. boosted its holdings in ZIM Integrated Shipping Services by 12.4% in the 3rd quarter. American Century Companies Inc. now owns 898,491 shares of the company's stock valued at $9,389,000 after purchasing an additional 99,477 shares during the period. Finally, Entropy Technologies LP bought a new stake in ZIM Integrated Shipping Services in the 1st quarter valued at about $854,000. Institutional investors and hedge funds own 21.42% of the company's stock.

ZIM Integrated Shipping Services Company Profile

(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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