ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Given Consensus Recommendation of "Hold" by Analysts

Key Points

• Consensus "Hold": Eight analysts covering ZIM give a consensus "Hold" rating (2 sell, 5 hold, 1 strong buy) with an average 1‑year price target of $18.14.
• Dividend jump: ZIM raised its quarterly dividend to $0.88 (from $0.31), a $3.52 annualized payout representing a 13.4% yield.
• Valuation and ownership: Shares opened at $26.30 (above the consensus target), the company has a $3.17 billion market cap and a P/E of 6.61, with about 21.4% of stock held by hedge funds and institutional investors.

Shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Get Free Report) have been given a consensus recommendation of "Hold" by the eight ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $18.1429.

A number of equities research analysts recently issued reports on ZIM shares. Weiss Ratings cut ZIM Integrated Shipping Services from a "buy (b-)" rating to a "hold (c-)" rating in a research note on Tuesday, March 10th. The Goldman Sachs Group reiterated a "neutral" rating and set a $21.00 target price on shares of ZIM Integrated Shipping Services in a research report on Wednesday, January 14th. Citigroup upgraded shares of ZIM Integrated Shipping Services from a "sell" rating to a "neutral" rating and lifted their target price for the stock from $11.50 to $31.80 in a research note on Thursday, February 19th. Fearnley Fonds raised shares of ZIM Integrated Shipping Services from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 18th. Finally, Barclays upped their price target on shares of ZIM Integrated Shipping Services from $13.70 to $15.80 and gave the company an "underweight" rating in a research note on Monday, March 16th.

Hedge Funds Weigh In On ZIM Integrated Shipping Services

Several hedge funds have recently made changes to their positions in ZIM. Hsbc Holdings PLC bought a new stake in shares of ZIM Integrated Shipping Services during the 1st quarter valued at $16,409,000. Summit Securities Group LLC increased its holdings in ZIM Integrated Shipping Services by 388.3% during the 1st quarter. Summit Securities Group LLC now owns 29,300 shares of the company's stock worth $772,000 after acquiring an additional 23,300 shares during the period. Kestra Advisory Services LLC lifted its stake in ZIM Integrated Shipping Services by 2.8% in the 1st quarter. Kestra Advisory Services LLC now owns 69,490 shares of the company's stock worth $1,831,000 after purchasing an additional 1,876 shares in the last quarter. Base Wealth Management LLC bought a new position in ZIM Integrated Shipping Services in the 1st quarter valued at $205,000. Finally, R Squared Ltd purchased a new position in shares of ZIM Integrated Shipping Services during the 1st quarter valued at $356,000. 21.42% of the stock is currently owned by hedge funds and other institutional investors.

ZIM Integrated Shipping Services Price Performance

Shares of NYSE ZIM opened at $26.30 on Friday. The company has a current ratio of 1.23, a quick ratio of 1.15 and a debt-to-equity ratio of 1.14. The stock has a fifty day simple moving average of $27.06 and a two-hundred day simple moving average of $22.02. ZIM Integrated Shipping Services has a 1-year low of $12.33 and a 1-year high of $29.97. The firm has a market cap of $3.17 billion, a price-to-earnings ratio of 6.61 and a beta of 1.26.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last issued its earnings results on Saturday, February 14th. The company reported $0.32 earnings per share (EPS) for the quarter. ZIM Integrated Shipping Services had a return on equity of 9.33% and a net margin of 6.94%.The firm had revenue of $1.48 billion for the quarter. Analysts anticipate that ZIM Integrated Shipping Services will post -7.24 earnings per share for the current year.

ZIM Integrated Shipping Services Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Friday, March 20th were given a dividend of $0.88 per share. This is an increase from ZIM Integrated Shipping Services's previous quarterly dividend of $0.31. This represents a $3.52 annualized dividend and a dividend yield of 13.4%. The ex-dividend date was Friday, March 20th. ZIM Integrated Shipping Services's dividend payout ratio (DPR) is currently 1.51%.

About ZIM Integrated Shipping Services

ZIM Integrated Shipping Services Ltd. NYSE: ZIM is a global container shipping company specializing in the transportation of dry cargo, refrigerated goods and special project cargo. The company operates a modern fleet of container vessels that call at major ports worldwide, offering scheduled liner services and tailored logistics solutions to exporters, importers and freight forwarders.

Founded in 1945 in Haifa, Israel, ZIM has grown from a regional carrier into a worldwide operator through a series of strategic partnerships, fleet expansions and network enhancements.

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