ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Get Free Report) has earned a consensus rating of "Strong Sell" from the six analysts that are currently covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $14.82.
Several equities analysts have recently commented on the stock. Clarkson Capital lowered shares of ZIM Integrated Shipping Services from a "buy" rating to a "neutral" rating and set a $20.00 price objective on the stock. in a report on Tuesday, May 20th. Barclays upped 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 report on Friday, June 27th. Bank of America cut their target price 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. Finally, Jefferies Financial Group upped their target price on shares of ZIM Integrated Shipping Services from $16.00 to $17.00 and gave the stock a "hold" rating in a research note on Tuesday, May 20th.
Check Out Our Latest Stock Analysis on ZIM Integrated Shipping Services
ZIM Integrated Shipping Services Price Performance
Shares of NYSE ZIM traded up $0.35 during trading on Friday, hitting $16.11. The company had a trading volume of 1,634,369 shares, compared to its average volume of 6,210,324. The stock has a fifty day simple moving average of $16.61 and a two-hundred day simple moving average of $17.41. ZIM Integrated Shipping Services has a fifty-two week low of $11.04 and a fifty-two week high of $30.15. The firm has a market capitalization of $1.94 billion, a price-to-earnings ratio of 0.83, a price-to-earnings-growth ratio of 0.27 and a beta of 1.76. 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 (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 the consensus estimate 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 business had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same quarter last year, the business earned $0.75 earnings per share. On average, research analysts expect that ZIM Integrated Shipping Services will post 16.75 earnings per share for the current year.
ZIM Integrated Shipping Services Dividend Announcement
The firm also recently disclosed a dividend, which was paid on Monday, June 9th. Stockholders of record on Tuesday, June 3rd were paid a dividend of $0.74 per share. The ex-dividend date was Monday, June 2nd. This represents a dividend yield of 16.96%. ZIM Integrated Shipping Services's dividend payout ratio (DPR) is 4.76%.
Institutional Trading of ZIM Integrated Shipping Services
Several hedge funds and other institutional investors have recently bought and sold shares of ZIM. Raymond James Financial Inc. purchased a new stake in ZIM Integrated Shipping Services in the 4th quarter worth approximately $1,771,000. HighTower Advisors LLC boosted its holdings in shares of ZIM Integrated Shipping Services by 20.5% in the 4th quarter. HighTower Advisors LLC now owns 12,246 shares of the company's stock valued at $263,000 after purchasing an additional 2,080 shares during the last quarter. Swiss National Bank boosted its holdings in shares of ZIM Integrated Shipping Services by 8.2% in the 4th quarter. Swiss National Bank now owns 204,700 shares of the company's stock valued at $4,395,000 after purchasing an additional 15,600 shares during the last quarter. Skandinaviska Enskilda Banken AB publ acquired a new position in shares of ZIM Integrated Shipping Services in the 4th quarter valued at $764,000. Finally, Commonwealth Equity Services LLC boosted its holdings in shares of ZIM Integrated Shipping Services by 46.8% in the 4th quarter. Commonwealth Equity Services LLC now owns 39,702 shares of the company's stock valued at $852,000 after purchasing an additional 12,657 shares during the last quarter. 21.42% of the stock is owned by hedge funds and other institutional investors.
ZIM Integrated Shipping Services Company Profile
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Get Free ReportZIM 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.
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