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

Key Points

• ZIM Integrated Shipping Services Ltd. has received a consensus rating of "Strong Sell" from analysts, with five recommending a sell and two a hold rating.
• The company's recent earnings report showed a significant miss on EPS, reporting $0.19 against an estimate of $1.50, which may impact investor confidence.
• In the second quarter, institutional investors have been active, with Osaic Holdings increasing its stake in ZIM by 159.6%, indicating potential shifts in investor sentiment.

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Get Free Report) has received a consensus recommendation of "Strong Sell" from the seven brokerages that are presently covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a sell recommendation and two have issued a hold recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $14.58.

A number of equities research analysts have recently commented on the stock. Citigroup reiterated a "sell" rating on shares of ZIM Integrated Shipping Services in a research report on Monday, August 11th. Jefferies Financial Group restated a "hold" rating and set a $17.00 price objective on shares of ZIM Integrated Shipping Services in a research report on Wednesday, August 20th. Barclays cut their price objective on shares of ZIM Integrated Shipping Services from $14.80 to $13.30 and set an "underweight" rating for the company in a research report on Thursday, August 28th. Wall Street Zen cut shares of ZIM Integrated Shipping Services from a "hold" rating to a "sell" rating in a research report on Friday, August 22nd. Finally, JPMorgan Chase & Co. lifted their price target on shares of ZIM Integrated Shipping Services from $9.50 to $9.80 and gave the company an "underweight" rating in a research report on Friday, August 22nd.

Institutional Investors Weigh In On ZIM Integrated Shipping Services

A number of institutional investors have recently made changes to their positions in ZIM. Arrowstreet Capital Limited Partnership grew its holdings in shares of ZIM Integrated Shipping Services by 134.9% in the second quarter. Arrowstreet Capital Limited Partnership now owns 4,368,287 shares of the company's stock valued at $70,286,000 after purchasing an additional 2,508,432 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in shares of ZIM Integrated Shipping Services by 29,305.7% in the second quarter. BNP Paribas Financial Markets now owns 1,310,614 shares of the company's stock valued at $21,088,000 after purchasing an additional 1,306,157 shares in the last quarter. Jump Financial LLC grew its holdings in shares of ZIM Integrated Shipping Services by 204.0% in 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 in the last quarter. Kingstone Capital Partners Texas LLC acquired a new position in shares of ZIM Integrated Shipping Services in the second quarter valued at approximately $15,850,000. Finally, Nuveen LLC acquired a new position in shares of ZIM Integrated Shipping Services in the first quarter valued at approximately $12,322,000. 21.42% of the stock is currently owned by institutional investors and hedge funds.

ZIM Integrated Shipping Services Price Performance

Shares of NYSE ZIM traded up $0.26 during mid-day trading on Friday, reaching $14.63. The company's stock had a trading volume of 3,276,789 shares, compared to its average volume of 4,468,249. The stock has a 50-day moving average of $15.15 and a two-hundred day moving average of $15.72. The stock has a market capitalization of $1.76 billion, a P/E ratio of 0.88, a P/E/G ratio of 0.17 and a beta of 1.74. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.11 and a current ratio of 1.20. ZIM Integrated Shipping Services has a 1-year low of $11.03 and a 1-year high of $30.15.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last issued its earnings results on Wednesday, August 20th. The company reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $1.50 by ($1.31). The business had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.84 billion. ZIM Integrated Shipping Services had a net margin of 23.37% and a return on equity of 50.61%. On average, equities research analysts anticipate that ZIM Integrated Shipping Services will post 16.75 EPS for the current fiscal year.

ZIM Integrated Shipping Services Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 9th. Shareholders of record on Tuesday, September 2nd were given a dividend of $0.06 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.6%. ZIM Integrated Shipping Services's dividend payout ratio (DPR) is currently 1.44%.

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.