ZIM Integrated Shipping Services (NYSE:ZIM) Stock Price Up 4.5% on Analyst Upgrade

Shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Get Free Report) rose 4.5% during trading on Friday after Barclays raised their price target on the stock from $14.20 to $14.80. Barclays currently has an underweight rating on the stock. ZIM Integrated Shipping Services traded as high as $16.58 and last traded at $16.38. Approximately 2,152,650 shares were traded during mid-day trading, a decline of 65% from the average daily volume of 6,180,682 shares. The stock had previously closed at $15.67.

A number of other research firms have also recently commented on ZIM. JPMorgan Chase & Co. lowered their price target on ZIM Integrated Shipping Services from $10.00 to $9.50 and set an "underweight" rating for the company in a report on Friday, March 7th. Bank of America decreased their target price 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. Jefferies Financial Group increased 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 price target on the stock. in a research note on Tuesday, May 20th. Four analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Reduce" and an average target price of $14.82.

Hedge Funds Weigh In On ZIM Integrated Shipping Services

Large investors have recently bought and sold shares of the company. New York State Common Retirement Fund acquired a new position in shares of ZIM Integrated Shipping Services in the first quarter valued at approximately $30,000. Altshuler Shaham Ltd increased its holdings in ZIM Integrated Shipping Services by 650.0% in the fourth quarter. Altshuler Shaham Ltd now owns 1,500 shares of the company's stock valued at $32,000 after purchasing an additional 1,300 shares during the period. Employees Retirement System of Texas acquired a new position in ZIM Integrated Shipping Services during the 4th quarter worth about $45,000. Brown Brothers Harriman & Co. acquired a new position in ZIM Integrated Shipping Services during the 4th quarter worth about $79,000. Finally, Mark Sheptoff Financial Planning LLC grew its position in shares of ZIM Integrated Shipping Services by 26.5% in the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 4,300 shares of the company's stock valued at $92,000 after buying an additional 900 shares during the last quarter. 21.42% of the stock is currently owned by institutional investors.

ZIM Integrated Shipping Services Trading Up 6.2%

The firm has a 50 day moving average price of $16.32 and a two-hundred day moving average price of $17.56. 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 company has a market cap of $2.00 billion, a price-to-earnings ratio of 0.85, a PEG ratio of 0.26 and a beta of 1.83.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last released its quarterly earnings results on Monday, May 19th. The company reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.56. ZIM Integrated Shipping Services had a net margin of 26.52% and a return on equity of 63.46%. The firm had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same quarter last year, the business earned $0.75 EPS. As a group, equities 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 company also recently announced a dividend, which was paid on Monday, June 9th. Investors of record on Tuesday, June 3rd were issued a $0.74 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a yield of 16.96%. ZIM Integrated Shipping Services's payout ratio is 4.76%.

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.

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