ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Get Free Report) shares shot up 3.9% during mid-day trading on Friday . The stock traded as high as $17.39 and last traded at $17.22. 6,999,570 shares were traded during mid-day trading, an increase of 16% from the average session volume of 6,041,007 shares. The stock had previously closed at $16.57.
Analyst Upgrades and Downgrades
Several research firms have issued reports on ZIM. JPMorgan Chase & Co. dropped their price target on ZIM Integrated Shipping Services from $10.00 to $9.50 and set an "underweight" rating on the stock in a research note on Friday, March 7th. Bank of America dropped 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 note on Friday, April 11th. Clarkson Capital downgraded 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. Jefferies Financial Group lifted their price target on ZIM Integrated Shipping Services from $16.00 to $17.00 and gave the company a "hold" rating in a research note on Tuesday, May 20th. Finally, Barclays lifted their price target on ZIM Integrated Shipping Services from $12.00 to $14.20 and gave the company an "underweight" rating in a research note on Wednesday, May 28th. Four equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Reduce" and an average target price of $14.70.
Read Our Latest Research Report on ZIM
ZIM Integrated Shipping Services Trading Up 2.9%
The company has a debt-to-equity ratio of 1.11, a current ratio of 1.33 and a quick ratio of 1.26. The business has a 50-day moving average of $15.84 and a 200-day moving average of $17.73. The firm has a market cap of $2.17 billion, a price-to-earnings ratio of 1.51, a P/E/G ratio of 0.27 and a beta of 1.83.
ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last released its earnings results on Monday, May 19th. The company reported $2.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.89 by $0.56. The business had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.84 billion. ZIM Integrated Shipping Services had a return on equity of 48.63% and a net margin of 19.26%. During the same quarter in the previous year, the business earned $0.75 earnings per share. Research analysts anticipate that ZIM Integrated Shipping Services Ltd. will post 16.75 EPS for the current year.
ZIM Integrated Shipping Services Dividend Announcement
The firm also recently declared a dividend, which was paid on Monday, June 9th. Investors of record on Tuesday, June 3rd were issued a dividend of $0.74 per share. This represents a yield of 16.96%. The ex-dividend date was Monday, June 2nd. ZIM Integrated Shipping Services's payout ratio is currently 4.76%.
Hedge Funds Weigh In On ZIM Integrated Shipping Services
Hedge funds and other institutional investors have recently bought and sold shares of the business. Altshuler Shaham Ltd grew its holdings in ZIM Integrated Shipping Services by 650.0% during the fourth quarter. Altshuler Shaham Ltd now owns 1,500 shares of the company's stock worth $32,000 after purchasing 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 first quarter worth about $30,000. Employees Retirement System of Texas bought a new position in ZIM Integrated Shipping Services during the fourth quarter worth about $45,000. Brown Brothers Harriman & Co. bought a new position in ZIM Integrated Shipping Services during the fourth quarter worth about $79,000. Finally, Mark Sheptoff Financial Planning LLC grew its holdings in ZIM Integrated Shipping Services by 26.5% during the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 4,300 shares of the company's stock worth $92,000 after purchasing an additional 900 shares during the period. Institutional investors 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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