Clarkson Capital cut shares of ZIM Integrated Shipping Services (NYSE:ZIM - Free Report) from a buy rating to a neutral rating in a research report sent to investors on Tuesday morning, Marketbeat.com reports. They currently have $20.00 target price on the stock.
Other equities research analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. reduced their price target on shares of ZIM Integrated Shipping Services from $10.00 to $9.50 and set an "underweight" rating on the stock in a research report on Friday, March 7th. Barclays cut their price objective on shares of ZIM Integrated Shipping Services from $13.50 to $12.00 and set an "underweight" rating on the stock in a research report on Wednesday, April 16th. Bank of America cut their price objective on shares of ZIM Integrated Shipping Services from $16.00 to $12.80 and set an "underperform" rating on the stock in a research report on Friday, April 11th. Finally, Jefferies Financial Group boosted their price objective on shares of ZIM Integrated Shipping Services from $16.00 to $17.00 and gave the company a "hold" rating in a research report on Tuesday, May 20th. Five investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. Based on data from MarketBeat.com, ZIM Integrated Shipping Services currently has a consensus rating of "Reduce" and an average price target of $14.05.
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ZIM Integrated Shipping Services Price Performance
ZIM traded down $0.28 during trading hours on Tuesday, hitting $18.01. The company's stock had a trading volume of 5,884,148 shares, compared to its average volume of 6,159,420. The business's 50-day moving average price is $15.14 and its 200-day moving average price is $18.55. ZIM Integrated Shipping Services has a 12 month low of $11.04 and a 12 month high of $30.15. The stock has a market cap of $2.17 billion, a price-to-earnings ratio of 1.51, a P/E/G ratio of 0.27 and a beta of 1.84. The company has a current ratio of 1.33, a quick ratio of 1.26 and a debt-to-equity ratio of 1.11.
ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last announced its quarterly earnings results 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 19.26% and a return on equity of 48.63%. The company had revenue of $2.01 billion for the quarter, compared to analysts' expectations of $1.84 billion. During the same quarter in the previous year, the business posted $0.75 earnings per share. Sell-side analysts expect that ZIM Integrated Shipping Services will post 16.75 earnings per share for the current fiscal year.
ZIM Integrated Shipping Services Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Monday, March 24th were issued a $3.17 dividend. The ex-dividend date was Monday, March 24th. This is a boost from ZIM Integrated Shipping Services's previous quarterly dividend of $2.81. This represents a $12.68 dividend on an annualized basis and a dividend yield of 70.39%. ZIM Integrated Shipping Services's dividend payout ratio is presently 5.94%.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the stock. Raymond James Financial Inc. bought a new position in shares of ZIM Integrated Shipping Services in the fourth quarter worth about $1,771,000. HighTower Advisors LLC lifted its stake in ZIM Integrated Shipping Services by 20.5% in the fourth quarter. HighTower Advisors LLC now owns 12,246 shares of the company's stock worth $263,000 after acquiring an additional 2,080 shares during the period. Truist Financial Corp lifted its stake in ZIM Integrated Shipping Services by 10.2% in the fourth quarter. Truist Financial Corp now owns 14,804 shares of the company's stock worth $318,000 after acquiring an additional 1,376 shares during the period. Mariner LLC purchased a new stake in ZIM Integrated Shipping Services in the fourth quarter worth about $735,000. Finally, Swiss National Bank lifted its stake in ZIM Integrated Shipping Services by 8.2% in the fourth quarter. Swiss National Bank now owns 204,700 shares of the company's stock worth $4,395,000 after acquiring an additional 15,600 shares during the period. 21.42% of the stock is currently owned by institutional investors.
ZIM Integrated Shipping Services Company Profile
(
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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.
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