ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Receives Average Recommendation of "Strong Sell" from Brokerages

Key Points

• ZIM Integrated Shipping Services Ltd. has received a consensus rating of "Strong Sell" from analysts, with five firms recommending sell and two suggesting hold.
• The company reported $0.19 earnings per share for the recent quarter, significantly missing the analysts' expectations of $1.50, alongside revenue of $1.64 billion against an expectation of $1.84 billion.
• ZIM has announced a quarterly dividend of $0.06 per share, resulting in an annualized yield of 1.7%, as part of its ongoing financial strategy.

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Get Free Report) has received an average rating of "Strong Sell" from the seven analysts that are currently covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a sell rating and two have issued a hold rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $14.88.

A number of analysts recently weighed in on the stock. Barclays upped their target price on shares of ZIM Integrated Shipping Services from $14.20 to $14.80 and gave the stock an "underweight" rating in a report on Friday, June 27th. Wall Street Zen downgraded ZIM Integrated Shipping Services from a "hold" rating to a "sell" rating in a research report on Friday, August 22nd. JPMorgan Chase & Co. boosted their target price on ZIM Integrated Shipping Services from $9.50 to $9.80 and gave the stock an "underweight" rating in a research report on Friday, August 22nd. Jefferies Financial Group restated a "hold" rating and issued a $17.00 target price on shares of ZIM Integrated Shipping Services in a research note on Wednesday, August 20th. Finally, Citigroup reissued a "sell" rating on shares of ZIM Integrated Shipping Services in a report on Monday, August 11th.

Institutional Trading of ZIM Integrated Shipping Services

Several hedge funds and other institutional investors have recently bought and sold shares of ZIM. Goldman Sachs Group Inc. increased its holdings in shares of ZIM Integrated Shipping Services by 20.1% in the first quarter. Goldman Sachs Group Inc. now owns 4,720,986 shares of the company's stock worth $68,879,000 after buying an additional 788,514 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in ZIM Integrated Shipping Services by 134.9% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 4,368,287 shares of the company's stock worth $70,286,000 after purchasing an additional 2,508,432 shares during the period. American Century Companies Inc. lifted its position in ZIM Integrated Shipping Services by 15.4% in the second quarter. American Century Companies Inc. now owns 2,632,099 shares of the company's stock valued at $42,350,000 after purchasing an additional 351,810 shares during the last quarter. Allianz Asset Management GmbH lifted its position in ZIM Integrated Shipping Services by 10.8% in the second quarter. Allianz Asset Management GmbH now owns 1,546,383 shares of the company's stock valued at $24,881,000 after purchasing an additional 150,841 shares during the last quarter. Finally, Jump Financial LLC boosted its stake in shares of ZIM Integrated Shipping Services by 204.0% during the second quarter. Jump Financial LLC now owns 1,536,092 shares of the company's stock valued at $24,716,000 after purchasing an additional 1,030,817 shares during the period. Hedge funds and other institutional investors own 21.42% of the company's stock.

ZIM Integrated Shipping Services Stock Performance

ZIM Integrated Shipping Services stock traded down $0.22 during mid-day trading on Monday, reaching $14.26. 3,324,970 shares of the company's stock were exchanged, compared to its average volume of 6,404,155. The business's fifty day simple moving average is $15.94 and its 200 day simple moving average is $16.59. The company has a quick ratio of 1.11, a current ratio of 1.20 and a debt-to-equity ratio of 1.20. ZIM Integrated Shipping Services has a one year low of $11.03 and a one year high of $30.15. The firm has a market capitalization of $1.72 billion, a PE ratio of 0.86, a P/E/G ratio of 0.17 and a beta of 1.75.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last released its earnings results on Wednesday, August 20th. The company reported $0.19 earnings per share 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 company had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.84 billion. On average, sell-side analysts expect that ZIM Integrated Shipping Services will post 16.75 earnings per share for the current year.

ZIM Integrated Shipping Services Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 9th. Stockholders of record on Tuesday, September 2nd will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.7%. ZIM Integrated Shipping Services's payout ratio is currently 5.59%.

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.