ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Get Free Report)'s share price traded down 3.6% during mid-day trading on Tuesday . The stock traded as low as $13.63 and last traded at $13.71. 2,107,885 shares changed hands during trading, a decline of 65% from the average session volume of 6,067,842 shares. The stock had previously closed at $14.22.
Wall Street Analysts Forecast Growth
ZIM has been the topic of several recent analyst reports. Jefferies Financial Group restated a "hold" rating and issued a $18.00 target price on shares of ZIM Integrated Shipping Services in a research note on Wednesday, March 12th. Barclays decreased 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 note on Wednesday. JPMorgan Chase & Co. cut their target price on shares of ZIM Integrated Shipping Services from $10.00 to $9.50 and set an "underweight" rating for the company in a research note on Friday, March 7th. Finally, Bank of America decreased their price target on 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. Five analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, ZIM Integrated Shipping Services presently has an average rating of "Hold" and an average target price of $13.06.
Read Our Latest Report on ZIM Integrated Shipping Services
ZIM Integrated Shipping Services Price Performance
The company has a current ratio of 1.33, a quick ratio of 1.26 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $1.66 billion, a P/E ratio of 1.15, a PEG ratio of 0.27 and a beta of 1.84. The company has a fifty day simple moving average of $17.27 and a two-hundred day simple moving average of $19.62.
ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last issued its quarterly earnings results on Wednesday, March 12th. The company reported $4.66 EPS for the quarter, topping the consensus estimate of $3.47 by $1.19. ZIM Integrated Shipping Services had a net margin of 19.26% and a return on equity of 48.63%. The company had revenue of $2.17 billion during the quarter, compared to analysts' expectations of $1.99 billion. Sell-side analysts expect that ZIM Integrated Shipping Services Ltd. will post 16.75 EPS for the current fiscal year.
ZIM Integrated Shipping Services Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Monday, March 24th were paid a dividend of $3.17 per share. 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 92.19%. ZIM Integrated Shipping Services's payout ratio is 6.51%.
Hedge Funds Weigh In On ZIM Integrated Shipping Services
Several hedge funds have recently added to or reduced their stakes in ZIM. JPMorgan Chase & Co. raised its position in shares of ZIM Integrated Shipping Services by 59.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,811,447 shares of the company's stock valued at $46,482,000 after acquiring an additional 674,723 shares during the period. Raymond James Financial Inc. acquired a new stake in ZIM Integrated Shipping Services in the fourth quarter worth $1,771,000. Decker Retirement Planning Inc. bought a new position in shares of ZIM Integrated Shipping Services during the fourth quarter worth $5,509,000. HighTower Advisors LLC grew 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 buying an additional 2,080 shares during the period. Finally, Truist Financial Corp raised its stake in ZIM Integrated Shipping Services by 10.2% during the 4th quarter. Truist Financial Corp now owns 14,804 shares of the company's stock worth $318,000 after buying an additional 1,376 shares during the period. Institutional investors and hedge funds own 21.42% of the company's stock.
About ZIM Integrated Shipping Services
(
Get Free Report)
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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