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Followed 114 TimesTop Followed
NYSE:ZIM

ZIM Integrated Shipping Services (ZIM) Stock Forecast, Price & News

$13.84
+0.34 (+2.52%)
(As of 06/6/2023 ET)
Compare
Today's Range
$13.30
▼
$14.11
50-Day Range
$12.76
▼
$23.99
52-Week Range
$12.66
▼
$69.39
Volume
2.58 million shs
Average Volume
4.65 million shs
Market Capitalization
$1.66 billion
P/E Ratio
0.58
Dividend Yield
184.97%
Price Target
$23.96
ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media

ZIM Integrated Shipping Services MarketRank™ Forecast

Analyst Rating
Hold
1.67 Rating Score
Upside/​Downside
73.1% Upside
$23.96 Price Target
Short Interest
Bearish
22.60% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.49mentions of ZIM Integrated Shipping Services in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($2.27) to ($2.15) Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.01 out of 5 stars

Transportation Sector

72nd out of 119 stocks

Deep Sea Foreign Transportation Of Freight Industry

26th out of 30 stocks

See Top Rated MarketRank™ Stocks Here

ZIM stock logo

About ZIM Integrated Shipping Services (NYSE:ZIM) Stock

ZIM Integrated Shipping Services Ltd. is a relatively new company with a long history. The company was originally formed in 1947 by a trio of Israeli-oriented agencies and called the Zim Palestinian Navigation Company. The word Zim is a derivative of the Hebrew word for “fleet of ships” as described in Numbers 24:24. In 1948, after the establishment of the state of Israel, the company was renamed Zim Israeli Navigation Company and it proceeded to transport immigrants and supplies to the fledgling nation.

The early years were spent transporting goods and people to and from the state of Israel but expansion began in the 1950s. At the time, the company was focused on both people and cargo but passenger lines were phased out due to increasing competition from airlines. By the 1970s, the company was only transporting cargo and then, during the 1970s, it began to focus on containers and intermodal container shipping.

Early plans for an IPO were dashed by the 2008 global financial crisis and then, in 2009, a needed cash injection resulted in a majority sale to the Ofer family which retains a large share to this day. The cash injection and restructuring allowed the company to survive, which is the salient point, and then in 2014, it underwent another restructuring. The company did not come to the public market until 2021 at which time it changed its name to ZIM Integrated Shipping Services. The stock now trades on the NYSE under the ticker ZIM. In March 2021 the company reported record revenue and profits.

Today, Zim, with its network of subsidiaries, is a top-20 shipper globally. The company is a leader in container shipping and ranked 10th in that field. The company provides a range of services that include door-to-door and port-to-port transportation of goods for customers of all varieties. The company’s fleet size tends to vary with business, it owns a number of ships but contracts out for more as necessary.

The company also offers ZIMonitor, a premium reefer cargo tracking service as well as a host of other value-added digitized services. As of 2022, the company had operations in more than 100 countries and served more than 350 ports of call. The largest ship in the fleet is the Maersk Yukon which is registered in Singapore. Its gross tonnage is more than 114,000 tonnes, it is 349 meters long and more than 45 meters wide. Customers using Zim can schedule their shipping needs on a point-to-point, by vessel, by port or by carrier basis.

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ZIM Stock News Headlines

May 26, 2023 | marketbeat.com
Big Lots Becomes A Stomach Churning Value Play (ZIM)
Big Lots may have just killed any faith investors had left after announcing disappointing first quarter 2023 earnings results. Analysts see a tripling in price
May 26, 2023 | marketbeat.com
Costco's Earnings Call Reassure Economists, Recession Cancelled (ZIM)
Costco shareholders are in for what seems to be a continuation of previously profitable trends, as the underlying macro dynamics improve, analyst targets roar
June 6, 2023 | Behind the Markets (Ad)
66,000% upside on tiny biotech?
The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.
May 25, 2023 | marketbeat.com
Ralph Lauren's Styled Dividend Is Still In Season (ZIM)
Ralph Lauren is set to deliver a new rally, these fundamental viewpoints along with management guidance set the stage for an industry-wide strong environment
May 23, 2023 | marketbeat.com
Williams-Sonoma Is The Retail Value Play, Here's Why (ZIM)
Williams-Sonoma investors are in for a renewed hope of rallying, as the company reports some favorable trends in its latest quarterly earnings. price
May 22, 2023 | marketbeat.com
Everything About ZIM Integrated Screams Undervaluation
ZIM Integrated has announced its first quarter 2023 results, pointing to initially declining data which may be a blip in the radar, considering analyst targets
May 17, 2023 | marketbeat.com
High-Yield Danaos Corporation Is About To Set Sail  (ZIM)
Danaos Corporation is a high-yielding shipping company with growth on the table and share repurchases to compound the capital returns.
May 6, 2023 | marketbeat.com
MarketBeat Week in Review – 5/1 - 5/5 (ZIM)
A strong jobs report, Apple earnings, and a possible Fed pause were stories moving the market this week. Here are some of the other popular stories this week
June 6, 2023 | Behind the Markets (Ad)
BREAKING: Tiny biotech successfully treats blindness
There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.
June 6, 2023 | msn.com
ZIM: The Value Trap Has Finally Been Exposed
June 6, 2023 | msn.com
ZIM Integrated: Earnings Revisions Turned Ridiculously Negative
June 5, 2023 | finance.yahoo.com
Should Investors Buy ZIM Stock Right Now?
June 1, 2023 | seekingalpha.com
ZIM Integrated: Trading At 70% Discount To Tangible Book Value
May 29, 2023 | finance.yahoo.com
20 Biggest Shipping Companies In The World
May 29, 2023 | seekingalpha.com
ZIM Integrated: A Buy-High-Sell-Low Investment Strategy Isn't Viable
May 29, 2023 | americanbankingnews.com
ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Receives Consensus Rating of "Reduce" from Analysts
May 25, 2023 | msn.com
Jefferies Maintains Zim Integrated Shipping Services (ZIM) Hold Recommendation
May 24, 2023 | msn.com
Barclays Maintains Zim Integrated Shipping Services (ZIM) Underweight Recommendation
May 24, 2023 | msn.com
Unusual Call Option Trade in Zim Integrated Shipping Services (ZIM) Worth $225.00K
May 24, 2023 | markets.businessinsider.com
Analysts Offer Insights on Industrial Goods Companies: Canadian Pacific (CP) and ZIM Integrated Shipping Services (ZIM)
May 24, 2023 | markets.businessinsider.com
ZIM Integrated Shipping Gets Price Target Cuts By Analysts After Q1 Results
May 24, 2023 | msn.com
ZIM Integrated Shocks The Market
May 24, 2023 | americanbankingnews.com
ZIM Integrated Shipping Services (NYSE:ZIM) Announces Earnings Results
May 24, 2023 | americanbankingnews.com
Traders Purchase High Volume of Put Options on ZIM Integrated Shipping Services (NYSE:ZIM)
May 23, 2023 | markets.businessinsider.com
Where ZIM Integrated Shipping Stands With Analysts
May 23, 2023 | finance.yahoo.com
Why Shares of ZIM Integrated Shipping Services Are Falling Again Today
May 23, 2023 | americanbankingnews.com
ZIM Integrated Shipping Services (NYSE:ZIM) Given New $16.00 Price Target at Jefferies Financial Group
See More Headlines

ZIM Price History

ZIM Company Calendar

Dividend Payable
4/03/2023
Ex-Dividend for 4/3 Dividend
4/04/2023
Last Earnings
5/22/2023
Today
6/06/2023
Next Earnings (Estimated)
8/16/2023
Fiscal Year End
12/31/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NYSE
Industry
Deep sea foreign transportation of freight
Sub-Industry
N/A
Sector
Transportation
Current Symbol
NYSE:ZIM
CUSIP
N/A
CIK
1654126
Web
www.zim.com
Phone
972-4865-2000
Fax
N/A
Employees
4,830
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$23.96
High Stock Price Forecast
$40.00
Low Stock Price Forecast
$13.00
Forecasted Upside/Downside
+73.5%
Consensus Rating
Hold
Rating Score (0-4)
1.67
Research Coverage
6 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$23.67
Trailing P/E Ratio
0.58
Forward P/E Ratio
N/A
P/E Growth
N/A
Net Income
$4.62 billion
Net Margins
27.90%
Pretax Margin
36.64%
Return on Equity
51.73%
Return on Assets
24.45%

Debt

Debt-to-Equity Ratio
0.61
Current Ratio
1.21
Quick Ratio
1.15

Sales & Book Value

Annual Sales
$12.56 billion
Price / Sales
0.13
Cash Flow
$49.32 per share
Price / Cash Flow
0.28
Book Value
$49.15 per share
Price / Book
0.28

Miscellaneous

Outstanding Shares
120,180,000
Free Float
118,622,000
Market Cap
$1.66 billion
Optionable
Not Optionable
Beta
2.12

Key Executives

  • Mr. Eliyahu Glickman (Age 62)
    Pres & CEO
  • Mr. Xavier Destriau (Age 50)
    Exec. VP & CFO
  • Mr. David Alteras Arbel (Age 63)
    Exec. VP & COO
  • Mr. Eyal Ben-Amram (Age 60)
    Exec. VP & Chief Information Officer
  • Ms. Elana Holzman
    Head of Investor Relations
  • Mr. Noam Nativ (Age 52)
    Exec. VP, Gen. Counsel & Company Sec.
  • Mr. Yair Teitelbaum
    Exec. VP of Global Sales
  • Mr. Yakov Baruch (Age 55)
    Exec. VP of HR
  • Mr. Danny Hoffmann (Age 67)
    Exec. VP of Intra Asia Trade
  • Mr. Saar Dotan (Age 53)
    Exec. VP of Countries & Bus. Devel.

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions













ZIM Stock - Frequently Asked Questions

Should I buy or sell ZIM Integrated Shipping Services stock right now?

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for ZIM Integrated Shipping Services in the last twelve months. There are currently 2 sell ratings and 4 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" ZIM shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ZIM, but not buy additional shares or sell existing shares.
View ZIM analyst ratings or view top-rated stocks.

What is ZIM Integrated Shipping Services' stock price forecast for 2023?

6 analysts have issued 12 month price targets for ZIM Integrated Shipping Services' shares. Their ZIM share price forecasts range from $13.00 to $40.00. On average, they anticipate the company's stock price to reach $23.96 in the next twelve months. This suggests a possible upside of 77.4% from the stock's current price.
View analysts price targets for ZIM or view top-rated stocks among Wall Street analysts.

How have ZIM shares performed in 2023?

ZIM Integrated Shipping Services' stock was trading at $17.19 on January 1st, 2023. Since then, ZIM stock has decreased by 21.4% and is now trading at $13.5050.
View the best growth stocks for 2023 here.

When is ZIM Integrated Shipping Services' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 16th 2023.
View our ZIM earnings forecast.

How were ZIM Integrated Shipping Services' earnings last quarter?

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) issued its earnings results on Monday, May, 22nd. The company reported ($0.50) earnings per share for the quarter, missing analysts' consensus estimates of ($0.18) by $0.32. The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.56 billion. ZIM Integrated Shipping Services had a trailing twelve-month return on equity of 51.73% and a net margin of 27.90%. During the same quarter in the previous year, the firm posted $14.19 EPS.

How often does ZIM Integrated Shipping Services pay dividends? What is the dividend yield for ZIM Integrated Shipping Services?

ZIM Integrated Shipping Services announced a quarterly dividend on Monday, March 13th. Shareholders of record on Friday, March 24th will be paid a dividend of $6.40 per share on Monday, April 3rd. This represents a $25.60 annualized dividend and a yield of 189.56%. The ex-dividend date is Tuesday, April 4th. This is an increase from the stock's previous quarterly dividend of $2.95.
Read our dividend analysis for ZIM.

What ETFs hold ZIM Integrated Shipping Services' stock?

ETFs with the largest weight of ZIM Integrated Shipping Services (NYSE:ZIM) stock in their portfolio include U.S. Global Sea to Sky Cargo ETF (SEA), SonicShares Global Shipping ETF (BOAT), AAM S&P Developed Markets High Dividend Value ETF (DMDV), iShares MSCI Israel ETF (EIS), VanEck Israel ETF (ISRA), KraneShares MSCI One Belt One Road ETF (OBOR), Vident International Equity Strategy ETF (VIDI) and FlexShares Quality Dividend Index Fund (QDF).

Is ZIM Integrated Shipping Services a good dividend stock?

ZIM Integrated Shipping Services (NYSE:ZIM) pays an annual dividend of $25.60 per share and currently has a dividend yield of 180.41%. ZIM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 108.15%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for ZIM.

When did ZIM Integrated Shipping Services IPO?

(ZIM) raised $306 million in an initial public offering (IPO) on Thursday, January 28th 2021. The company issued 17,500,000 shares at $16.00-$19.00 per share. Citigroup, Goldman Sachs, Barclays, Jefferies and Clarksons Plateau Securities acted as the underwriters for the IPO.

What is ZIM Integrated Shipping Services' stock symbol?

ZIM Integrated Shipping Services trades on the New York Stock Exchange (NYSE) under the ticker symbol "ZIM."

Who are ZIM Integrated Shipping Services' major shareholders?

ZIM Integrated Shipping Services' stock is owned by a number of institutional and retail investors. Top institutional shareholders include Greenvale Capital LLP (0.00%), Arrowstreet Capital Limited Partnership (3.34%), Susquehanna International Group LLP (0.00%), BlackRock Inc. (1.61%), Renaissance Technologies LLC (1.50%) and Group One Trading L.P. (0.00%).

How do I buy shares of ZIM Integrated Shipping Services?

Shares of ZIM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is ZIM Integrated Shipping Services' stock price today?

One share of ZIM stock can currently be purchased for approximately $13.51.

How much money does ZIM Integrated Shipping Services make?

ZIM Integrated Shipping Services (NYSE:ZIM) has a market capitalization of $1.62 billion and generates $12.56 billion in revenue each year. The company earns $4.62 billion in net income (profit) each year or $23.67 on an earnings per share basis.

How many employees does ZIM Integrated Shipping Services have?

The company employs 4,830 workers across the globe.

How can I contact ZIM Integrated Shipping Services?

ZIM Integrated Shipping Services' mailing address is 9 ANDREI SAKHAROV STREET P.O. BOX 15067, HAIFA L3, 3190500. The official website for the company is www.zim.com. The company can be reached via phone at 972-4865-2000 or via email at investors@zim.com.

This page (NYSE:ZIM) was last updated on 6/6/2023 by MarketBeat.com Staff

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