ZIM Integrated Shipping Services (NYSE:ZIM) Shares Up 6.2% - Should You Buy?

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Get Free Report)'s share price rose 6.2% during mid-day 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 mid-day trading, a decline of 71% from the average daily volume of 6,211,559 shares. The stock had previously closed at $15.88.

Analysts Set New Price Targets

ZIM has been the topic of a number of recent research reports. Jefferies Financial Group raised their price target 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. Clarkson Capital downgraded shares of ZIM Integrated Shipping Services from a "buy" rating to a "neutral" rating and set a $20.00 price objective on the stock. in a research report on Tuesday, May 20th. Barclays lifted their price objective on shares of ZIM Integrated Shipping Services from $14.20 to $14.80 and gave the company 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 for the company in a research report on Friday, April 11th. Four analysts have rated the stock with a sell rating and two have given a hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Reduce" and a consensus target price of $14.82.

ZIM Integrated Shipping Services Price Performance

The company's 50 day moving average price is $16.64 and its 200-day moving average price is $17.39. The company has a market cap of $1.99 billion, a price-to-earnings ratio of 0.85, a PEG ratio of 0.27 and a beta of 1.76. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.10 and a current ratio of 1.18.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last posted its quarterly earnings results on Monday, May 19th. The company reported $2.45 EPS for the quarter, topping the consensus estimate of $1.89 by $0.56. The business had revenue of $2.01 billion during the quarter, compared to analysts' expectations 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 last year, the company posted $0.75 earnings per share. On average, equities research analysts forecast that ZIM Integrated Shipping Services Ltd. will post 16.75 earnings per share 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 paid a $0.74 dividend. 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 (DPR) is presently 4.76%.

Hedge Funds Weigh In On ZIM Integrated Shipping Services

Large investors have recently bought and sold shares of the stock. Northern Trust Corp raised its stake in ZIM Integrated Shipping Services by 150.2% during the 4th quarter. Northern Trust Corp now owns 212,148 shares of the company's stock valued at $4,555,000 after purchasing an additional 127,367 shares during the last quarter. Raymond James Financial Inc. bought a new stake in ZIM Integrated Shipping Services in the 4th quarter valued at $1,771,000. HighTower Advisors LLC increased its holdings in 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. Mariner LLC bought a new stake in ZIM Integrated Shipping Services in the 4th quarter valued at $735,000. Finally, Swiss National Bank increased its holdings in ZIM Integrated Shipping Services by 8.2% in the 4th quarter. Swiss National Bank now owns 204,700 shares of the company's stock valued at $4,395,000 after buying an additional 15,600 shares during the period. 21.42% of the stock is currently owned by institutional investors and hedge funds.

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.