ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Receives $14.70 Average PT from Analysts

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Get Free Report) has received an average recommendation of "Strong Sell" from the six research firms that are covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a sell rating and two have issued a hold rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $14.70.

A number of research analysts recently commented on the company. JPMorgan Chase & Co. decreased their price target 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. Bank of America reduced their price objective on shares of ZIM Integrated Shipping Services from $16.00 to $12.80 and set an "underperform" rating on the stock in a research note on Friday, April 11th. Barclays boosted their target price on shares of ZIM Integrated Shipping Services from $12.00 to $14.20 and gave the company an "underweight" rating in a research report on Wednesday, May 28th. Clarkson Capital downgraded shares of ZIM Integrated Shipping Services from a "buy" rating to a "neutral" rating and set a $20.00 price target for the company. in a report on Tuesday, May 20th. Finally, Jefferies Financial Group lifted their price objective on shares of 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.

Institutional Trading of ZIM Integrated Shipping Services

Several institutional investors and hedge funds have recently made changes to their positions in the company. Northern Trust Corp grew its position in ZIM Integrated Shipping Services by 150.2% during the fourth quarter. Northern Trust Corp now owns 212,148 shares of the company's stock valued at $4,555,000 after buying an additional 127,367 shares during the period. Raymond James Financial Inc. purchased a new position in ZIM Integrated Shipping Services in the fourth quarter valued at about $1,771,000. HighTower Advisors LLC grew its position in shares of ZIM Integrated Shipping Services by 20.5% during the 4th quarter. HighTower Advisors LLC now owns 12,246 shares of the company's stock valued at $263,000 after acquiring an additional 2,080 shares during the period. Truist Financial Corp increased its stake in shares of ZIM Integrated Shipping Services by 10.2% during the 4th quarter. Truist Financial Corp now owns 14,804 shares of the company's stock worth $318,000 after purchasing an additional 1,376 shares during the last quarter. Finally, Mariner LLC bought a new stake in shares of ZIM Integrated Shipping Services in the 4th quarter worth approximately $735,000. Hedge funds and other institutional investors own 21.42% of the company's stock.

ZIM Integrated Shipping Services Stock Down 1.5%

Shares of ZIM Integrated Shipping Services stock traded down $0.25 during trading hours on Wednesday, reaching $16.78. 7,220,471 shares of the company's stock were exchanged, compared to its average volume of 6,059,890. The stock has a market cap of $2.02 billion, a P/E ratio of 1.41, a P/E/G ratio of 0.27 and a beta of 1.83. The company has a 50 day moving average of $15.44 and a two-hundred day moving average of $17.89. The company has a current ratio of 1.33, a quick ratio of 1.26 and a debt-to-equity ratio of 1.11. 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 posted its quarterly earnings results on Monday, May 19th. The company reported $2.45 earnings per share for the quarter, beating analysts' consensus estimates of $1.89 by $0.56. The business had revenue of $2.01 billion for the quarter, compared to analysts' expectations of $1.84 billion. ZIM Integrated Shipping Services had a return on equity of 48.63% and a net margin of 19.26%. During the same quarter in the prior year, the business earned $0.75 EPS. On average, sell-side analysts forecast that ZIM Integrated Shipping Services will post 16.75 EPS for the current fiscal year.

ZIM Integrated Shipping Services Announces Dividend

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