ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Receives Consensus Rating of "Strong Sell" from Analysts

Key Points

• ZIM Integrated Shipping Services Ltd. has received an average recommendation of "Strong Sell" from six brokerages, with four analysts rating it as a sell and two as a hold.
• The company recently reported an earnings per share (EPS) of $2.45, exceeding analysts' consensus estimates by $0.56, along with a significant revenue of $2.01 billion for the latest quarter.
• ZIM has declared a dividend of $0.74 per share, representing a yield of 16.96%, with a payout ratio of 4.76%.

Shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Get Free Report) have been given a consensus recommendation of "Strong Sell" by the six brokerages that are currently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a sell recommendation and two have given a hold recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $14.82.

A number of brokerages recently issued reports on ZIM. Clarkson Capital cut shares of ZIM Integrated Shipping Services from a "buy" rating to a "neutral" rating and set a $20.00 price objective for the company. in a report on Tuesday, May 20th. Barclays upped their price target on shares of ZIM Integrated Shipping Services from $14.20 to $14.80 and gave the company an "underweight" rating in a report on Friday, June 27th. Bank of America decreased their price target on shares of ZIM Integrated Shipping Services from $16.00 to $12.80 and set an "underperform" rating for the company in a report on Friday, April 11th. Finally, Jefferies Financial Group upped their price target on shares of ZIM Integrated Shipping Services from $16.00 to $17.00 and gave the company a "hold" rating in a report on Tuesday, May 20th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. HighTower Advisors LLC grew its stake in ZIM Integrated Shipping Services by 20.5% during the fourth quarter. HighTower Advisors LLC now owns 12,246 shares of the company's stock worth $263,000 after buying an additional 2,080 shares during the last quarter. Commonwealth Equity Services LLC grew its stake in ZIM Integrated Shipping Services by 46.8% during the fourth quarter. Commonwealth Equity Services LLC now owns 39,702 shares of the company's stock worth $852,000 after buying an additional 12,657 shares during the last quarter. Sei Investments Co. grew its stake in shares of ZIM Integrated Shipping Services by 25.2% during the fourth quarter. Sei Investments Co. now owns 132,051 shares of the company's stock valued at $2,835,000 after purchasing an additional 26,549 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of ZIM Integrated Shipping Services during the fourth quarter valued at approximately $483,000. Finally, Brown Brothers Harriman & Co. bought a new stake in shares of ZIM Integrated Shipping Services during the fourth quarter valued at approximately $79,000. Institutional investors and hedge funds own 21.42% of the company's stock.

ZIM Integrated Shipping Services Stock Down 2.7%

Shares of ZIM Integrated Shipping Services stock traded down $0.43 on Thursday, hitting $15.42. 4,688,872 shares of the company traded hands, compared to its average volume of 4,005,572. The company has a 50-day moving average price of $16.48 and a 200 day moving average price of $16.77. The company has a quick ratio of 1.10, a current ratio of 1.18 and a debt-to-equity ratio of 1.16. ZIM Integrated Shipping Services has a 12-month low of $11.03 and a 12-month high of $30.15. The company has a market cap of $1.86 billion, a PE ratio of 0.79, a PEG ratio of 0.26 and a beta of 1.75.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last posted its quarterly earnings results on Monday, May 19th. The company reported $2.45 EPS for the quarter, beating the consensus estimate of $1.89 by $0.56. The business had revenue of $2.01 billion for the quarter, compared to analysts' expectations of $1.84 billion. ZIM Integrated Shipping Services had a net margin of 26.52% and a return on equity of 63.46%. During the same period in the previous year, the company posted $0.75 EPS. Sell-side analysts predict that ZIM Integrated Shipping Services will post 16.75 earnings per share for the current year.

ZIM Integrated Shipping Services Dividend Announcement

The firm also recently declared a dividend, which was paid on Monday, June 9th. Investors of record on Tuesday, June 3rd were given a $0.74 dividend. This represents a yield of 1,696.0%. The ex-dividend date of this dividend was Monday, June 2nd. ZIM Integrated Shipping Services's dividend payout ratio is 4.76%.

ZIM Integrated Shipping Services Company Profile

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.