ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Get Free Report) was the recipient of unusually large options trading on Friday. Stock traders purchased 49,584 call options on the stock. This represents an increase of 72% compared to the typical volume of 28,798 call options.
Analysts Set New Price Targets
Several analysts have weighed in on the stock. Barclays upped their price objective on shares of ZIM Integrated Shipping Services from $12.00 to $14.20 and gave the stock an "underweight" rating in a research note on Wednesday, May 28th. Bank of America reduced their price objective 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 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. JPMorgan Chase & Co. decreased their price objective on ZIM Integrated Shipping Services from $10.00 to $9.50 and set an "underweight" rating for the company in a research report on Friday, March 7th. Finally, 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. Four investment analysts have rated the stock with a sell rating and two have given a hold rating to the stock. According to data from MarketBeat.com, ZIM Integrated Shipping Services has a consensus rating of "Reduce" and an average price target of $14.70.
Read Our Latest Research Report on ZIM Integrated Shipping Services
Institutional Trading of ZIM Integrated Shipping Services
Large investors have recently bought and sold shares of the business. New York State Common Retirement Fund bought a new stake in shares of ZIM Integrated Shipping Services in the first quarter worth $30,000. Altshuler Shaham Ltd lifted its stake in shares of 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 buying an additional 1,300 shares in the last quarter. Employees Retirement System of Texas acquired a new position in ZIM Integrated Shipping Services during the 4th quarter valued at about $45,000. Brown Brothers Harriman & Co. purchased a new stake in ZIM Integrated Shipping Services in the 4th quarter valued at $79,000. Finally, Mark Sheptoff Financial Planning LLC raised its holdings in shares of ZIM Integrated Shipping Services by 26.5% in the fourth 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 and hedge funds.
ZIM Integrated Shipping Services Stock Performance
ZIM Integrated Shipping Services stock traded up $0.51 during midday trading on Monday, hitting $18.02. The company's stock had a trading volume of 13,232,699 shares, compared to its average volume of 6,098,639. 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 company has a market cap of $2.17 billion, a price-to-earnings ratio of 1.51, a PEG ratio of 0.27 and a beta of 1.83. ZIM Integrated Shipping Services has a 1-year low of $11.04 and a 1-year high of $30.15. The company has a 50-day moving average price of $15.84 and a two-hundred day moving average price of $17.73.
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 for the quarter, beating 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 19.26% and a return on equity of 48.63%. During the same period in the previous year, the business earned $0.75 earnings per share. As a group, sell-side analysts predict that ZIM Integrated Shipping Services will post 16.75 earnings per share for the current year.
ZIM Integrated Shipping Services Announces Dividend
The company also recently disclosed a dividend, which was paid on Monday, June 9th. Investors of record on Tuesday, June 3rd were paid 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 dividend payout ratio (DPR) is 4.76%.
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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