ZIM Integrated Shipping Services (NYSE:ZIM) Trading Down 3.2% - Time to Sell?

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Get Free Report) shares traded down 3.2% during trading on Thursday . The stock traded as low as $15.64 and last traded at $15.63. 2,204,929 shares changed hands during trading, a decline of 64% from the average session volume of 6,203,732 shares. The stock had previously closed at $16.14.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Barclays increased their price target on shares of 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. Bank of America lowered their target price on shares of 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. Jefferies Financial Group lifted their target price on shares of ZIM Integrated Shipping Services from $16.00 to $17.00 and gave the stock a "hold" rating in a report on Tuesday, May 20th. Finally, Clarkson Capital downgraded shares of ZIM Integrated Shipping Services from a "buy" rating to a "neutral" rating and set a $20.00 target price on the stock. in a report on Tuesday, May 20th. 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 company currently has a consensus rating of "Reduce" and an average target price of $14.82.

ZIM Integrated Shipping Services Stock Down 2.3%

The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.10 and a current ratio of 1.18. The company has a market capitalization of $1.90 billion, a price-to-earnings ratio of 0.81, a price-to-earnings-growth ratio of 0.27 and a beta of 1.76. The firm's 50-day simple moving average is $16.61 and its 200-day simple moving average is $17.41.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last released its quarterly earnings data on Monday, May 19th. The company reported $2.45 EPS for the quarter, topping 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 net margin of 26.52% and a return on equity of 63.46%. During the same period last year, the firm earned $0.75 EPS. Sell-side analysts forecast that ZIM Integrated Shipping Services Ltd. will post 16.75 earnings per share for the current 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 dividend of $0.74 per share. This represents a dividend yield of 16.96%. The ex-dividend date was Monday, June 2nd. ZIM Integrated Shipping Services's payout ratio is 4.76%.

Hedge Funds Weigh In On ZIM Integrated Shipping Services

Hedge funds and other institutional investors have recently made changes to their positions in the business. Altshuler Shaham Ltd lifted its holdings in shares of ZIM Integrated Shipping Services by 650.0% during the 4th quarter. Altshuler Shaham Ltd now owns 1,500 shares of the company's stock worth $32,000 after acquiring an additional 1,300 shares during the period. New York State Common Retirement Fund bought a new position in ZIM Integrated Shipping Services during the 1st quarter valued at about $30,000. Employees Retirement System of Texas bought a new position in ZIM Integrated Shipping Services during the 4th quarter valued at about $45,000. Brown Brothers Harriman & Co. bought a new position in ZIM Integrated Shipping Services during the 4th quarter valued at about $79,000. Finally, Mark Sheptoff Financial Planning LLC lifted its holdings in ZIM Integrated Shipping Services by 26.5% during the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 4,300 shares of the company's stock valued at $92,000 after purchasing an additional 900 shares during the last quarter. 21.42% of the stock is owned by institutional investors.

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.