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

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Get Free Report) has been given an average rating of "Strong Sell" by the six ratings firms that are currently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a sell rating and two have given a hold rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $14.70.

A number of research analysts have recently issued reports on the company. JPMorgan Chase & Co. decreased their target price on ZIM Integrated Shipping Services from $10.00 to $9.50 and set an "underweight" rating on the stock in a research report on Friday, March 7th. Clarkson Capital lowered 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, May 20th. Barclays increased their price objective on ZIM Integrated Shipping Services from $12.00 to $14.20 and gave the company an "underweight" rating in a research note on Wednesday, May 28th. Jefferies Financial Group increased their price objective on ZIM Integrated Shipping Services from $16.00 to $17.00 and gave the company a "hold" rating in a research note on Tuesday, May 20th. Finally, Bank of America reduced their price objective on ZIM Integrated Shipping Services from $16.00 to $12.80 and set an "underperform" rating for the company in a research note on Friday, April 11th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Bayforest Capital Ltd increased its stake in shares of ZIM Integrated Shipping Services by 134.1% in the 1st quarter. Bayforest Capital Ltd now owns 15,011 shares of the company's stock worth $219,000 after acquiring an additional 8,599 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of ZIM Integrated Shipping Services by 20.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,720,986 shares of the company's stock worth $68,879,000 after acquiring an additional 788,514 shares during the last quarter. NewEdge Advisors LLC acquired a new stake in shares of ZIM Integrated Shipping Services in the 1st quarter worth $210,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of ZIM Integrated Shipping Services in the 1st quarter worth $8,112,000. Finally, Royal Bank of Canada increased its stake in shares of ZIM Integrated Shipping Services by 8.2% in the 1st quarter. Royal Bank of Canada now owns 40,827 shares of the company's stock worth $596,000 after acquiring an additional 3,102 shares during the last quarter. 21.42% of the stock is owned by institutional investors and hedge funds.

ZIM Integrated Shipping Services Price Performance

Shares of NYSE:ZIM traded up $0.95 during midday trading on Wednesday, reaching $17.52. 10,372,409 shares of the company's stock traded hands, compared to its average volume of 6,069,868. ZIM Integrated Shipping Services has a 1 year low of $11.04 and a 1 year high of $30.15. The company has a market cap of $2.11 billion, a P/E ratio of 1.47, a PEG ratio of 0.27 and a beta of 1.83. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.26 and a current ratio of 1.33. The company has a fifty day simple moving average of $15.72 and a two-hundred day simple moving average of $17.81.

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

ZIM Integrated Shipping Services Announces Dividend

The company also recently disclosed a dividend, which was paid on Monday, June 9th. Investors of record on Tuesday, June 3rd were paid a $0.74 dividend. This represents a yield of 16.96%. The ex-dividend date of this dividend was Monday, June 2nd. ZIM Integrated Shipping Services's dividend payout ratio is currently 4.76%.

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.