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.
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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
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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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