ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Get Free Report) was the target of a large increase in short interest in April. As of April 15th, there was short interest totalling 21,700,000 shares, an increase of 24.8% from the March 31st total of 17,390,000 shares. Currently, 18.2% of the company's stock are short sold. Based on an average trading volume of 6,450,000 shares, the days-to-cover ratio is presently 3.4 days.
Wall Street Analysts Forecast Growth
ZIM has been the subject of several recent analyst reports. Barclays decreased their target price on ZIM Integrated Shipping Services from $13.50 to $12.00 and set an "underweight" rating for the company in a research note on Wednesday, April 16th. Jefferies Financial Group restated a "hold" rating and set a $18.00 price target on shares of ZIM Integrated Shipping Services in a research note 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 for the company in a research note on Friday, April 11th. Finally, JPMorgan Chase & Co. cut their target price on shares of ZIM Integrated Shipping Services from $10.00 to $9.50 and set an "underweight" rating on the stock 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 issued a strong buy rating to the company's stock. According to MarketBeat, ZIM Integrated Shipping Services currently has a consensus rating of "Hold" and a consensus target price of $13.06.
Check Out Our Latest Research Report on ZIM Integrated Shipping Services
Hedge Funds Weigh In On ZIM Integrated Shipping Services
A number of large investors have recently made changes to their positions in ZIM. Altshuler Shaham Ltd grew its position in 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 buying an additional 1,300 shares during the period. New York State Common Retirement Fund purchased a new position in ZIM Integrated Shipping Services in the 1st quarter valued at approximately $30,000. Employees Retirement System of Texas purchased a new position in ZIM Integrated Shipping Services in the 4th quarter valued at approximately $45,000. Brown Brothers Harriman & Co. acquired a new position in ZIM Integrated Shipping Services during the fourth quarter worth $79,000. Finally, R Squared Ltd purchased a new stake in ZIM Integrated Shipping Services during the fourth quarter worth $88,000. Hedge funds and other institutional investors own 21.42% of the company's stock.
ZIM Integrated Shipping Services Stock Performance
NYSE:ZIM traded up $0.38 during midday trading on Friday, reaching $15.41. The stock had a trading volume of 3,636,677 shares, compared to its average volume of 6,103,295. The stock has a market cap of $1.86 billion, a P/E ratio of 1.29, a P/E/G ratio of 0.27 and a beta of 1.84. The company has a quick ratio of 1.26, a current ratio of 1.33 and a debt-to-equity ratio of 1.11. ZIM Integrated Shipping Services has a 12-month low of $11.04 and a 12-month high of $30.15. The firm has a fifty day simple moving average of $16.01 and a two-hundred day simple moving average of $19.24.
ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last posted its quarterly earnings results on Wednesday, March 12th. The company reported $4.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.47 by $1.19. The firm had revenue of $2.17 billion during the quarter, compared to analysts' expectations of $1.99 billion. ZIM Integrated Shipping Services had a net margin of 19.26% and a return on equity of 48.63%. On average, equities analysts expect that ZIM Integrated Shipping Services will post 16.75 EPS for the current year.
ZIM Integrated Shipping Services Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Monday, March 24th were issued a $3.17 dividend. The ex-dividend date of this dividend was Monday, March 24th. This represents a $12.68 dividend on an annualized basis and a yield of 82.28%. This is an increase from ZIM Integrated Shipping Services's previous quarterly dividend of $2.81. ZIM Integrated Shipping Services's dividend payout ratio (DPR) is 6.51%.
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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