ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Given Average Rating of "Strong Sell" by Analysts

Key Points

• ZIM Integrated Shipping Services Ltd. has been given an average rating of "Strong Sell" from eight research firms, with five analysts recommending a sell and three a hold.
• The company's shares traded at $12.71, with a market cap of $1.53 billion and a recent quarterly earnings miss, reporting EPS of $0.19 against expectations of $1.50.
• ZIM recently announced a quarterly dividend of $0.06 per share, marking a reduced annual dividend of $0.24 with a yield of 1.9%.

Shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Get Free Report) have been assigned an average rating of "Strong Sell" from the eight research firms that are currently covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a sell recommendation and three have assigned a hold recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $14.62.

ZIM has been the subject of a number of research reports. Weiss Ratings reissued a "hold (c)" rating on shares of ZIM Integrated Shipping Services in a research note on Wednesday, October 8th. Citigroup reissued a "sell" rating on shares of ZIM Integrated Shipping Services in a research note on Monday, August 11th. Wall Street Zen cut ZIM Integrated Shipping Services from a "hold" rating to a "sell" rating in a research note on Friday, August 22nd. Jefferies Financial Group reissued a "hold" rating and issued a $17.00 price objective on shares of ZIM Integrated Shipping Services in a research note on Wednesday, August 20th. Finally, JPMorgan Chase & Co. raised their price objective on ZIM Integrated Shipping Services from $9.80 to $10.00 and gave the company an "underweight" rating in a research note on Tuesday, September 30th.

ZIM Integrated Shipping Services Trading Up 2.1%

Shares of ZIM stock opened at $12.71 on Tuesday. The company has a market cap of $1.53 billion, a P/E ratio of 0.76 and a beta of 1.72. The stock has a 50 day simple moving average of $14.46 and a two-hundred day simple moving average of $15.30. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.11 and a current ratio of 1.20. ZIM Integrated Shipping Services has a fifty-two week low of $11.03 and a fifty-two week high of $30.15.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last announced its quarterly earnings data on Wednesday, August 20th. The company reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $1.50 by ($1.31). ZIM Integrated Shipping Services had a net margin of 23.37% and a return on equity of 50.61%. The firm had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.84 billion. Research analysts forecast that ZIM Integrated Shipping Services will post 16.75 earnings per share for the current year.

ZIM Integrated Shipping Services Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 9th. Investors of record on Tuesday, September 2nd were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $0.24 annualized dividend and a dividend yield of 1.9%. ZIM Integrated Shipping Services's payout ratio is presently 1.44%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. HUB Investment Partners LLC increased its stake in ZIM Integrated Shipping Services by 6.4% in the 2nd quarter. HUB Investment Partners LLC now owns 11,920 shares of the company's stock worth $192,000 after acquiring an additional 722 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in ZIM Integrated Shipping Services by 6.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 13,786 shares of the company's stock worth $222,000 after acquiring an additional 776 shares during the last quarter. Aigen Investment Management LP increased its stake in ZIM Integrated Shipping Services by 5.4% in the 1st quarter. Aigen Investment Management LP now owns 16,842 shares of the company's stock worth $246,000 after acquiring an additional 867 shares during the last quarter. IHT Wealth Management LLC increased its stake in ZIM Integrated Shipping Services by 4.7% in the 2nd quarter. IHT Wealth Management LLC now owns 26,385 shares of the company's stock worth $425,000 after acquiring an additional 1,194 shares during the last quarter. Finally, Legacy Investment Solutions LLC purchased a new position in shares of ZIM Integrated Shipping Services in the 2nd quarter worth about $26,000. Hedge funds and other institutional investors own 21.42% of the company's stock.

About ZIM Integrated Shipping Services

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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