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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
0.32mentions of ZIM Integrated Shipping Services in the last 14 days
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


ZIM stock logo

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

ZIM Stock News Headlines

13 Best Shipping and Container Stocks To Buy
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ZIM Integrated: In Search Of A Bottom
The Only Practical Solution to the World’s Looming Energy Crisis
There’s just one problem: There are more plans for new uses of nuclear than there is uranium to fuel the plants!
Q3 2023 ZIM Integrated Shipping Services Ltd Earnings Call
ZIM Integrated Shipping: Q3 Earnings Insights
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

Industry, Sector and Symbol

Industry
Deep sea foreign transportation of freight
Sub-Industry
N/A
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

Net Income
$4.62 billion
Pretax Margin
-34.50%

Debt

Sales & Book Value

Annual Sales
$6.15 billion
Cash Flow
$53.35 per share
Book Value
$21.40 per share

Miscellaneous

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














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?
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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