ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Receives $14.82 Consensus Price Target from Brokerages

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Get Free Report) has been given a consensus rating of "Strong Sell" by the six ratings firms that are presently covering the company, Marketbeat reports. Four 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 analysts that have issued a report on the stock in the last year is $14.82.

A number of brokerages recently issued reports on ZIM. Jefferies Financial Group boosted 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. Bank of America cut 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. Barclays upped their price target on ZIM Integrated Shipping Services from $14.20 to $14.80 and gave the stock an "underweight" rating in a research note on Friday, June 27th. Finally, Clarkson Capital downgraded ZIM Integrated Shipping Services from a "buy" rating to a "neutral" rating and set a $20.00 price target for the company. in a research note on Tuesday, May 20th.

ZIM Integrated Shipping Services Stock Performance

Shares of NYSE:ZIM traded down $0.64 during mid-day trading on Friday, reaching $15.87. 6,307,526 shares of the company traded hands, compared to its average volume of 6,219,335. The company's 50 day moving average price is $16.69 and its 200-day moving average price is $17.37. The firm has a market cap of $1.91 billion, a PE ratio of 0.81, a PEG ratio of 0.28 and a beta of 1.76. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.18 and a quick ratio of 1.10. ZIM Integrated Shipping Services has a 52 week low of $11.04 and a 52 week high of $30.15.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.84 billion. ZIM Integrated Shipping Services had a return on equity of 63.46% and a net margin of 26.52%. During the same period in the previous year, the company posted $0.75 EPS. On average, equities analysts expect 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 announced a dividend, which was paid on Monday, June 9th. Stockholders of record on Tuesday, June 3rd were given a dividend of $0.74 per share. 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 currently 4.76%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of ZIM. Raymond James Financial Inc. bought a new position in shares of ZIM Integrated Shipping Services during the 4th quarter valued at approximately $1,771,000. HighTower Advisors LLC boosted 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 last quarter. Swiss National Bank boosted its position in shares of ZIM Integrated Shipping Services by 8.2% during the 4th quarter. Swiss National Bank now owns 204,700 shares of the company's stock valued at $4,395,000 after acquiring an additional 15,600 shares during the last quarter. Skandinaviska Enskilda Banken AB publ bought a new position in shares of ZIM Integrated Shipping Services during the 4th quarter valued at approximately $764,000. Finally, Commonwealth Equity Services LLC boosted its position in shares of ZIM Integrated Shipping Services by 46.8% during the 4th quarter. Commonwealth Equity Services LLC now owns 39,702 shares of the company's stock valued at $852,000 after acquiring an additional 12,657 shares during the last quarter. 21.42% of the stock is currently owned by institutional investors.

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.