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

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for ZIM Integrated Shipping Services in the last year. There are currently 1 sell rating and 2 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" ZIM shares. View ZIM analyst ratings or view top-rated stocks .

What is ZIM Integrated Shipping Services' stock price target for 2024?

3 brokers have issued 12-month price targets for ZIM Integrated Shipping Services' shares. Their ZIM share price targets range from $6.20 to $9.50. On average, they anticipate the company's share price to reach $7.90 in the next twelve months. This suggests a possible upside of 12.9% 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 at the start of the year. Since then, ZIM stock has decreased by 59.3% and is now trading at $7.00. 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 Monday, March 11th 2024. View our ZIM earnings forecast .

How were ZIM Integrated Shipping Services' earnings last quarter?

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) posted its quarterly earnings results on Monday, May, 22nd. The company reported ($0.50) EPS for the quarter, missing the consensus estimate of ($0.18) by $0.32. The business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.56 billion. ZIM Integrated Shipping Services had a negative net margin of 34.71% and a negative trailing twelve-month return on equity of 1.02%. During the same period last year, the firm posted $14.19 earnings per share.

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

ZIM Integrated Shipping Services declared a quarterly dividend on Monday, March 13th. Stockholders 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 365.71%. 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 .

Is ZIM Integrated Shipping Services a good dividend stock?

ZIM Integrated Shipping Services (NYSE:ZIM) pays an annual dividend of $9.35 per share and currently has a dividend yield of 135.51%. ZIM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. 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) , iShares MSCI Israel ETF (EIS) , VanEck Israel ETF (ISRA) and KraneShares MSCI One Belt One Road ETF (OBOR) . FlexShares Quality Dividend Dynamic Index Fund (QDYN) .

When did ZIM Integrated Shipping Services IPO?

(ZIM) raised $306 million in an 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 served as the underwriters for the IPO.

Who are ZIM Integrated Shipping Services' major shareholders?

ZIM Integrated Shipping Services' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Group One Trading L.P. (0.00%), Simplex Trading LLC (0.00%), Acadian Asset Management LLC (0.37%), Meitav Investment House Ltd. (0.24%), Charles Schwab Investment Management Inc. (0.23%) and Walleye Trading LLC (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 .

ZIM Integrated Shipping Services Stock Price, News & Analysis (NYSE:ZIM)

$6.98

+0.04 (+0.58%)

(As of 11/30/2023 ET)

Compare

Today's Range: $6.78
▼
$7.06
50-Day Range: $6.60
▼
$11.43
52-Week Range: $6.39
▼
$25.12

Volume: 3.10 million shs
Average Volume: 3.64 million shs
Market Capitalization: $838.28 million

P/E Ratio: N/A
Dividend Yield: 134.05%
Price Target: $7.90

ZIM Integrated Shipping Services MarketRank™ Stock Analysis

Analyst Rating: Reduce
1.67 Rating Score
Upside/Downside: 12.9% Upside
$7.90 Price Target
Short Interest: Bearish
22.64% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.32
Based on 4 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($5.42) to ($4.55) Per Share

Overall MarketRank^™

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

1.39 out of 5 stars

Transportation Sector

105th out of 116 stocks

Deep Sea Foreign Transportation Of Freight Industry

23rd out of 24 stocks

1.8

Analyst's Opinion

Consensus Rating
ZIM Integrated Shipping Services has received a consensus rating of Reduce. The company's average rating score is 1.67, and is based on no buy ratings, 2 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $7.90, ZIM Integrated Shipping Services has a forecasted upside of 12.9% from its current price of $7.00.
Amount of Analyst Coverage
ZIM Integrated Shipping Services has only been the subject of 3 research reports in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
22.64% of the float of ZIM Integrated Shipping Services has been sold short.
Short Interest Ratio / Days to Cover
ZIM Integrated Shipping Services has a short interest ratio ("days to cover") of 8.1.
Change versus previous month
Short interest in ZIM Integrated Shipping Services has recently increased by 13.28%, indicating that investor sentiment is decreasing significantly.

1.7

Dividend Strength

Dividend Leadership
ZIM Integrated Shipping Services is a leading dividend payer. It pays a dividend yield of 135.51%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
ZIM Integrated Shipping Services does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for ZIM.

1.8

News and Social Media Coverage

News Sentiment
ZIM Integrated Shipping Services has a news sentiment score of 0.32. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.43 average news sentiment score of Transportation companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for ZIM Integrated Shipping Services this week, compared to 5 articles on an average week.
Search Interest
Only 84 people have searched for ZIM on MarketBeat in the last 30 days. This is a decrease of -14% compared to the previous 30 days.
MarketBeat Follows
40 people have added ZIM Integrated Shipping Services to their MarketBeat watchlist in the last 30 days. This is an increase of 33% compared to the previous 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, ZIM Integrated Shipping Services insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.30% of the stock of ZIM Integrated Shipping Services is held by insiders.
Percentage Held by Institutions
Only 17.62% of the stock of ZIM Integrated Shipping Services is held by institutions.

1.3

Earnings and Valuation

Earnings Growth
Earnings for ZIM Integrated Shipping Services are expected to grow in the coming year, from ($5.42) to ($4.55) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of ZIM Integrated Shipping Services is -0.39, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of ZIM Integrated Shipping Services is -0.39, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
ZIM Integrated Shipping Services has a P/B Ratio of 0.33. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About ZIM Integrated Shipping Services Stock (NYSE:ZIM)

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.

ZIM Stock Price History

30 days | 90 days | 365 days | Advanced Chart

ZIM Stock News Headlines

November 28, 2023 | finance.yahoo.com

13 Best Shipping and Container Stocks To Buy

November 27, 2023 | finance.yahoo.com

Zim container ship diverts as threat to Israel-linked vessels mounts

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November 27, 2023 | finance.yahoo.com

ZIM Announces Measures in Response to Threats in the Arabian and Red Seas

November 25, 2023 | seekingalpha.com

ZIM Integrated: In Search Of A Bottom

November 22, 2023 | americanbankingnews.com

Analyzing Mitsui O.S.K. Lines (OTCMKTS:MSLOY) & ZIM Integrated Shipping Services (NYSE:ZIM)

November 20, 2023 | finance.yahoo.com

Should Investors Buy ZIM Integrated Shipping Stock on the Dip?

November 20, 2023 | finance.yahoo.com

Individual investors in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) are its biggest bettors, and their bets paid off as stock gained 6.9% last week

November 30, 2023 | Tomorrow Investor (Ad)

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November 17, 2023 | seekingalpha.com

ZIM Integrated Shipping Services: Poor Outlook But Upgrading On Valuation

November 16, 2023 | finance.yahoo.com

Q3 2023 ZIM Integrated Shipping Services Ltd Earnings Call

November 16, 2023 | finance.yahoo.com

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Q3 2023 Earnings Call Transcript

November 15, 2023 | finance.yahoo.com

Massive impairment charge drags shipping line Zim to $2.3B loss

November 15, 2023 | benzinga.com

ZIM Integrated Shipping: Q3 Earnings Insights

November 15, 2023 | finance.yahoo.com

ZIM Reports Financial Results for the Third Quarter and the First Nine Months of 2023

November 15, 2023 | seekingalpha.com

ZIM Integrated Shipping Services Ltd. 2023 Q3 - Results - Earnings Call Presentation

November 14, 2023 | msn.com

ZIM Integrated Shipping Services Q3 2023 Earnings Preview

November 14, 2023 | seekingalpha.com

ZIM Integrated Shipping: What Its Current EBIT Guidance Means For Net Income And Cash Flow

November 12, 2023 | seekingalpha.com

ZIM Integrated Shipping: Q3 Results May Miss Again (Rating Downgrade)

November 9, 2023 | msn.com

Why the Market Dipped But ZIM Integrated Shipping Services (ZIM) Gained Today

October 31, 2023 | morningstar.com

ZIM Integrated Shipping Services Ltd Ordinary Shares ZIM

October 30, 2023 | finance.yahoo.com

ZIM Integrated Shipping Services (NYSE:ZIM) Is Achieving High Returns On Its Capital

October 25, 2023 | finance.yahoo.com

ZIM Integrated Shipping Services (ZIM) Stock Moves -0.24%: What You Should Know

October 25, 2023 | finance.yahoo.com

ZIM to Release Third Quarter 2023 Results on Wednesday, November 15, 2023

October 21, 2023 | msn.com

ZIM Integrated Shipping Services: Cash Drain Could Become A Problem (Rating Downgrade)

October 20, 2023 | msn.com

ZIM Integrated: The Dividend Lesson (Rating Upgrade)

October 19, 2023 | markets.businessinsider.com

Analysts Conflicted on These Industrial Goods Names: United Airlines Holdings (UAL) and ZIM Integrated Shipping Services (ZIM)

See More Headlines

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Company Calendar

Last Earnings: 5/22/2023
Today: 11/30/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 3/11/2024

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 Target: $7.90
High Stock Price Target: $9.50
Low Stock Price Target: $6.20
Potential Upside/Downside: +13.9%
Consensus Rating: Reduce
Rating Score (0-4): 1.67
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($17.75)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $4.62 billion
Net Margins: -34.71%
Pretax Margin: -34.50%
Return on Equity: -1.02%
Return on Assets: -0.45%

Debt

Debt-to-Equity Ratio: 1.18
Current Ratio: 1.04
Quick Ratio: 0.98

Sales & Book Value

Annual Sales: $6.15 billion
Price / Sales: 0.14
Cash Flow: $53.35 per share
Price / Cash Flow: 0.13
Book Value: $21.40 per share
Price / Book: 0.32

Miscellaneous

Outstanding Shares: 120,184,000
Free Float: 118,622,000
Market Cap: $833.48 million
Optionable: Not Optionable
Beta: 2.20

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Key Executives

Mr. Eliyahu Glickman (Age 62)
President & CEO
Mr. Xavier Destriau (Age 50)
Executive VP & CFO
Mr. David Alteras Arbel (Age 63)
Executive VP & COO
Mr. Eyal Ben-Amram (Age 60)
Executive VP & Chief Information Officer
Ms. Elana Holzman
Head of Investor Relations
Mr. Noam Nativ (Age 52)
Executive VP, General Counsel & Company Secretary
Mr. Yair Teitelbaum
Executive Vice President of Global Sales
Mr. Guillermo Codner (Age 55)
Executive Vice President of HR & Organization
Mr. Saar Dotan (Age 53)
Executive Vice President of Countries & Business Development
Mr. Nissim Yochai (Age 64)
Executive Vice President of ZIM USA President

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

ZIM Stock Analysis - Frequently Asked Questions

Should I buy or sell ZIM Integrated Shipping Services stock right now?: 3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for ZIM Integrated Shipping Services in the last year. There are currently 1 sell rating and 2 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" ZIM shares.
View ZIM analyst ratings or view top-rated stocks.
What is ZIM Integrated Shipping Services' stock price target for 2024?: 3 brokers have issued 12-month price targets for ZIM Integrated Shipping Services' shares. Their ZIM share price targets range from $6.20 to $9.50. On average, they anticipate the company's share price to reach $7.90 in the next twelve months. This suggests a possible upside of 12.9% 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 at the start of the year. Since then, ZIM stock has decreased by 59.3% and is now trading at $7.00.
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 Monday, March 11th 2024.
View our ZIM earnings forecast.
How were ZIM Integrated Shipping Services' earnings last quarter?: ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) posted its quarterly earnings results on Monday, May, 22nd. The company reported ($0.50) EPS for the quarter, missing the consensus estimate of ($0.18) by $0.32. The business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.56 billion. ZIM Integrated Shipping Services had a negative net margin of 34.71% and a negative trailing twelve-month return on equity of 1.02%. During the same period last year, the firm posted $14.19 earnings per share.
How often does ZIM Integrated Shipping Services pay dividends? What is the dividend yield for ZIM Integrated Shipping Services?: ZIM Integrated Shipping Services declared a quarterly dividend on Monday, March 13th. Stockholders 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 365.71%. 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.

Is ZIM Integrated Shipping Services a good dividend stock?: ZIM Integrated Shipping Services (NYSE:ZIM) pays an annual dividend of $9.35 per share and currently has a dividend yield of 135.51%. ZIM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
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), iShares MSCI Israel ETF (EIS), VanEck Israel ETF (ISRA) and KraneShares MSCI One Belt One Road ETF (OBOR).FlexShares Quality Dividend Dynamic Index Fund (QDYN).
When did ZIM Integrated Shipping Services IPO?: (ZIM) raised $306 million in an 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 served as the underwriters for the IPO.
Who are ZIM Integrated Shipping Services' major shareholders?: ZIM Integrated Shipping Services' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Group One Trading L.P. (0.00%), Simplex Trading LLC (0.00%), Acadian Asset Management LLC (0.37%), Meitav Investment House Ltd. (0.24%), Charles Schwab Investment Management Inc. (0.23%) and Walleye Trading LLC (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.

This page (NYSE:ZIM) was last updated on 11/30/2023 by MarketBeat.com Staff

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