Shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Get Free Report) have earned a consensus rating of "Strong Sell" from the six analysts that are currently covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a sell recommendation and two have assigned a hold recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $14.82.
Several research analysts recently weighed in on the stock. Barclays boosted 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. Clarkson Capital cut 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 boosted 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. Finally, Bank of America dropped 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.
Read Our Latest Stock Report on ZIM Integrated Shipping Services
Institutional Trading of ZIM Integrated Shipping Services
A number of institutional investors have recently bought and sold shares of ZIM. Renaissance Technologies LLC grew its holdings in shares of ZIM Integrated Shipping Services by 50.0% in the 4th quarter. Renaissance Technologies LLC now owns 5,726,631 shares of the company's stock valued at $122,951,000 after buying an additional 1,909,480 shares during the period. Goldman Sachs Group Inc. grew its holdings 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 valued at $68,879,000 after buying an additional 788,514 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in shares of ZIM Integrated Shipping Services by 33.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,784,352 shares of the company's stock valued at $81,250,000 after buying an additional 940,587 shares during the period. American Century Companies Inc. grew its holdings in shares of ZIM Integrated Shipping Services by 19.1% in the 1st quarter. American Century Companies Inc. now owns 2,280,289 shares of the company's stock valued at $33,269,000 after buying an additional 366,205 shares during the period. Finally, Marshall Wace LLP grew its holdings in shares of ZIM Integrated Shipping Services by 6.9% in the 4th quarter. Marshall Wace LLP now owns 1,936,666 shares of the company's stock valued at $41,580,000 after buying an additional 124,558 shares during the period. Institutional investors and hedge funds own 21.42% of the company's stock.
ZIM Integrated Shipping Services Price Performance
ZIM traded up $0.15 during midday trading on Friday, hitting $15.91. The company had a trading volume of 5,347,805 shares, compared to its average volume of 6,224,464. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.10 and a current ratio of 1.18. The company has a market capitalization of $1.92 billion, a PE ratio of 0.81, a P/E/G ratio of 0.27 and a beta of 1.76. ZIM Integrated Shipping Services has a twelve month low of $11.04 and a twelve month high of $30.15. The firm's 50-day simple moving average is $16.61 and its 200-day simple moving average is $17.41.
ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last posted its quarterly earnings data on Monday, May 19th. The company reported $2.45 earnings per share for the quarter, topping 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 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 posted $0.75 EPS. Equities research analysts predict 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. Shareholders 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 dividend payout ratio is presently 4.76%.
About ZIM Integrated Shipping Services
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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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