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

Shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Get Free Report) have received a consensus recommendation of "Strong Sell" from the six research firms that are presently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a sell recommendation and two have given a hold recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $14.82.

Several equities research analysts have recently issued reports on ZIM shares. Clarkson Capital downgraded shares of ZIM Integrated Shipping Services from a "buy" rating to a "neutral" rating and set a $20.00 price objective for the company. in a research report on Tuesday, May 20th. Jefferies Financial Group increased their price objective on shares of ZIM Integrated Shipping Services from $16.00 to $17.00 and gave the stock a "hold" rating in a research report on Tuesday, May 20th. Barclays increased their price objective on shares of ZIM Integrated Shipping Services from $14.20 to $14.80 and gave the stock an "underweight" rating in a research report on Friday, June 27th. Finally, Bank of America lowered their price objective on shares of ZIM Integrated Shipping Services from $16.00 to $12.80 and set an "underperform" rating for the company in a research report on Friday, April 11th.

ZIM Integrated Shipping Services Trading Down 2.3%

NYSE ZIM traded down $0.37 during trading on Friday, reaching $15.78. 4,262,939 shares of the stock traded hands, compared to its average volume of 6,227,938. The firm has a market cap of $1.90 billion, a price-to-earnings ratio of 0.81, a price-to-earnings-growth ratio of 0.27 and a beta of 1.76. The stock's 50-day moving average price is $16.61 and its 200 day moving average price is $17.41. The company has a quick ratio of 1.10, a current ratio of 1.18 and a debt-to-equity ratio of 1.16. 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 issued 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. ZIM Integrated Shipping Services had a net margin of 26.52% and a return on equity of 63.46%. The firm had revenue of $2.01 billion during the quarter, compared to analysts' expectations of $1.84 billion. During the same quarter in the previous year, the company earned $0.75 earnings per share. Analysts predict that ZIM Integrated Shipping Services will post 16.75 EPS for the current 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 dividend of $0.74 per share. This represents a yield of 16.96%. The ex-dividend date of this dividend was Monday, June 2nd. ZIM Integrated Shipping Services's payout ratio is 4.76%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Bayforest Capital Ltd boosted its holdings in ZIM Integrated Shipping Services by 134.1% during the first quarter. Bayforest Capital Ltd now owns 15,011 shares of the company's stock worth $219,000 after purchasing an additional 8,599 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in ZIM Integrated Shipping Services by 20.1% during 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 during the last quarter. NewEdge Advisors LLC acquired a new position in ZIM Integrated Shipping Services during the first quarter worth $210,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in ZIM Integrated Shipping Services in the first quarter valued at $8,112,000. Finally, Royal Bank of Canada lifted its stake in ZIM Integrated Shipping Services by 8.2% in the first quarter. Royal Bank of Canada now owns 40,827 shares of the company's stock valued at $596,000 after acquiring an additional 3,102 shares during the last quarter. Institutional investors and hedge funds own 21.42% of the company's stock.

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.