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

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Get Free Report) has received a consensus rating of "Strong Sell" from the seven research firms that are currently covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $14.05.

ZIM has been the topic of a number of research analyst reports. Bank of America reduced their target price on ZIM Integrated Shipping Services from $16.00 to $12.80 and set an "underperform" rating on the stock in a research report on Friday, April 11th. Clarkson Capital cut shares of ZIM Integrated Shipping Services from a "buy" rating to a "neutral" rating and set a $20.00 target price on the stock. in a research report on Tuesday. JPMorgan Chase & Co. reduced their price target on shares of ZIM Integrated Shipping Services from $10.00 to $9.50 and set an "underweight" rating on the stock in a research note on Friday, March 7th. Jefferies Financial Group increased their price objective on shares of ZIM Integrated Shipping Services from $16.00 to $17.00 and gave the stock a "hold" rating in a research report on Tuesday. Finally, Barclays cut their target price on ZIM Integrated Shipping Services from $13.50 to $12.00 and set an "underweight" rating on the stock in a research report on Wednesday, April 16th.

Institutional Investors Weigh In On ZIM Integrated Shipping Services

A number of institutional investors and hedge funds have recently made changes to their positions in ZIM. Altshuler Shaham Ltd increased its position in ZIM Integrated Shipping Services by 650.0% in the 4th quarter. Altshuler Shaham Ltd now owns 1,500 shares of the company's stock valued at $32,000 after acquiring an additional 1,300 shares during the period. New York State Common Retirement Fund purchased a new position in shares of ZIM Integrated Shipping Services in the 1st quarter valued at approximately $30,000. Employees Retirement System of Texas acquired a new position in shares of ZIM Integrated Shipping Services in the fourth quarter valued at approximately $45,000. Brown Brothers Harriman & Co. purchased a new stake in shares of ZIM Integrated Shipping Services during the fourth quarter worth approximately $79,000. Finally, R Squared Ltd acquired a new stake in shares of ZIM Integrated Shipping Services during the fourth quarter worth $88,000. 21.42% of the stock is owned by hedge funds and other institutional investors.

ZIM Integrated Shipping Services Trading Up 1.7%

NYSE ZIM traded up $0.32 on Friday, reaching $18.42. 1,405,907 shares of the company were exchanged, compared to its average volume of 6,163,364. The company has a current ratio of 1.33, a quick ratio of 1.26 and a debt-to-equity ratio of 1.11. The business's fifty day moving average price is $15.15 and its 200 day moving average price is $18.68. The stock has a market capitalization of $2.22 billion, a P/E ratio of 1.55, a price-to-earnings-growth ratio of 0.27 and a beta of 1.84. ZIM Integrated Shipping Services has a fifty-two week low of $11.04 and a fifty-two week high of $30.15.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last announced its quarterly earnings results on Monday, May 19th. The company reported $2.45 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.56. ZIM Integrated Shipping Services had a net margin of 19.26% and a return on equity of 48.63%. The firm had revenue of $2.01 billion for the quarter, compared to analysts' expectations of $1.84 billion. During the same quarter in the previous year, the company posted $0.75 EPS. Analysts forecast that ZIM Integrated Shipping Services will post 16.75 earnings per share for the current year.

ZIM Integrated Shipping Services Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Monday, March 24th were given a $3.17 dividend. This is an increase from ZIM Integrated Shipping Services's previous quarterly dividend of $2.81. The ex-dividend date was Monday, March 24th. This represents a $12.68 annualized dividend and a yield of 68.85%. ZIM Integrated Shipping Services's dividend payout ratio is 6.51%.

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.