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

Shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Get Free Report) have been assigned a consensus rating of "Reduce" from the seven brokerages that are presently covering the stock, MarketBeat reports. Five analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $12.66.

A number of research analysts recently weighed in on ZIM shares. Barclays lowered their price objective on shares of 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. Bank of America reduced their target price 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. Jefferies Financial Group upped their target price on shares of ZIM Integrated Shipping Services from $15.00 to $16.00 and gave the company a "hold" rating in a report on Tuesday. Finally, JPMorgan Chase & Co. reduced their target price on shares of ZIM Integrated Shipping Services from $10.00 to $9.50 and set an "underweight" rating for the company in a report on Friday, March 7th.

ZIM Integrated Shipping Services Stock Up 2.1%

Shares of ZIM Integrated Shipping Services stock opened at $18.42 on Friday. The company has a market cap of $2.22 billion, a price-to-earnings ratio of 1.54, a price-to-earnings-growth ratio of 0.27 and a beta of 1.84. The company's 50 day moving average is $15.14 and its 200 day moving average is $18.77. ZIM Integrated Shipping Services has a twelve month low of $11.04 and a twelve month high of $30.15. The company has a quick ratio of 1.26, a current ratio of 1.33 and a debt-to-equity ratio of 1.11.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last issued its quarterly earnings data on Wednesday, March 12th. The company reported $4.66 earnings per share for the quarter, beating analysts' consensus estimates of $3.47 by $1.19. The company had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $1.99 billion. ZIM Integrated Shipping Services had a net margin of 19.26% and a return on equity of 48.63%. Research analysts anticipate that ZIM Integrated Shipping Services will post 16.75 EPS for the current year.

ZIM Integrated Shipping Services Increases Dividend

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

Institutional Trading of ZIM Integrated Shipping Services

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC increased its stake in shares of ZIM Integrated Shipping Services by 50.0% in the fourth quarter. Renaissance Technologies LLC now owns 5,726,631 shares of the company's stock worth $122,951,000 after purchasing an additional 1,909,480 shares in the last quarter. Goldman Sachs Group Inc. increased its stake 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 purchasing an additional 788,514 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of ZIM Integrated Shipping Services by 33.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,784,352 shares of the company's stock worth $81,250,000 after purchasing an additional 940,587 shares in the last quarter. American Century Companies Inc. grew its stake in ZIM Integrated Shipping Services by 19.1% during the first quarter. American Century Companies Inc. now owns 2,280,289 shares of the company's stock valued at $33,269,000 after acquiring an additional 366,205 shares in the last quarter. Finally, Marshall Wace LLP grew its stake in ZIM Integrated Shipping Services by 6.9% during the fourth quarter. Marshall Wace LLP now owns 1,936,666 shares of the company's stock valued at $41,580,000 after acquiring an additional 124,558 shares in the last quarter. 21.42% of the stock is owned by hedge funds and other institutional investors.

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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