ZIM Integrated Shipping Services (NYSE:ZIM) Trading Up 6.2% - Time to Buy?

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Get Free Report)'s stock price was up 6.2% during trading on Tuesday . The company traded as high as $16.70 and last traded at $16.87. Approximately 1,777,132 shares traded hands during trading, a decline of 71% from the average daily volume of 6,211,559 shares. The stock had previously closed at $15.88.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on ZIM shares. Clarkson Capital lowered 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 note on Tuesday, May 20th. Jefferies Financial Group raised their price target 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. Barclays upped their price objective on 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. Finally, Bank of America reduced their price objective on 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. Four investment analysts have rated the stock with a sell rating and two have issued a hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Reduce" and an average target price of $14.82.

ZIM Integrated Shipping Services Trading Down 0.7%

The company's fifty day moving average is $16.72 and its two-hundred day moving average is $17.30. The company has a quick ratio of 1.10, a current ratio of 1.18 and a debt-to-equity ratio of 1.16. The stock has a market cap of $1.92 billion, a price-to-earnings ratio of 0.82, a PEG ratio of 0.28 and a beta of 1.76.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last announced its quarterly earnings data on Monday, May 19th. The company reported $2.45 EPS for the quarter, beating analysts' consensus estimates of $1.89 by $0.56. The company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.84 billion. ZIM Integrated Shipping Services had a net margin of 26.52% and a return on equity of 63.46%. During the same period in the prior year, the firm posted $0.75 EPS. On average, research analysts predict that ZIM Integrated Shipping Services Ltd. will post 16.75 EPS for the current fiscal 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 issued a $0.74 dividend. The ex-dividend date was Monday, June 2nd. This represents a dividend yield of 16.96%. ZIM Integrated Shipping Services's payout ratio is currently 4.76%.

Institutional Investors Weigh In On ZIM Integrated Shipping Services

Institutional investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC boosted its stake in ZIM Integrated Shipping Services by 50.0% in the fourth quarter. Renaissance Technologies LLC now owns 5,726,631 shares of the company's stock valued at $122,951,000 after acquiring an additional 1,909,480 shares in the last quarter. Kingstone Capital Partners Texas LLC purchased a new position in shares of ZIM Integrated Shipping Services in the 2nd quarter valued at about $15,850,000. Arrowstreet Capital Limited Partnership increased its holdings in ZIM Integrated Shipping Services by 33.1% in the fourth 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 in the last quarter. Nuveen LLC acquired a new position in ZIM Integrated Shipping Services during the first quarter worth $12,322,000. Finally, Goldman Sachs Group Inc. raised its stake in shares of ZIM Integrated Shipping Services by 20.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,720,986 shares of the company's stock worth $68,879,000 after buying an additional 788,514 shares during the last quarter. Hedge funds and other institutional investors own 21.42% of the company's stock.

ZIM Integrated Shipping Services Company Profile

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.