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ZIM Integrated Shipping Services - ZIM Stock Forecast, Price & News

$22.25
-0.60 (-2.63%)
(As of 02/6/2023 12:00 AM ET)
Add
Compare
Today's Range
$21.91
$22.97
50-Day Range
$16.29
$22.85
52-Week Range
$16.23
$91.23
Volume
3.71 million shs
Average Volume
4.10 million shs
Market Capitalization
$2.67 billion
P/E Ratio
0.45
Dividend Yield
51.64%
Price Target
$34.16

ZIM Integrated Shipping Services MarketRank™ Forecast

Analyst Rating
Hold
1.83 Rating Score
Upside/​Downside
53.5% Upside
$34.16 Price Target
Short Interest
Bearish
20.55% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
1.15mentions of ZIM Integrated Shipping Services in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Decreasing
From $37.11 to ($1.55) Per Share

Overall MarketRank

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

2.22 out of 5 stars

Transportation Sector

49th out of 120 stocks

Deep Sea Foreign Transportation Of Freight Industry

17th out of 29 stocks

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

MarketBeat: Week in Review 01/09-01/13 (ZIM)
Markets are looking for direction in early trading before a holiday weekend. Here are some of the popular stories MarketBeat analysts were covering this week.
ZIM Integrated Shipping: Are the Bears Losing Their Grip?
ZIM stock is outpacing the broader market, but if the stock fails to push higher from here, it may just confirm that the stock is range bound
"We need batteries. Literally everywhere."
Pretty much every technological megatrend today requires batteries. That includes EVs... 5G... AI... charging stations... and smart energy storage systems. Find out why the U.S. just added graphite to a list of super-critical minerals, calling it "essential for America's National Defense."
12 52-Week Low Dividend Stocks To Consider
"TAKE THAT, CHINA!" USA Gains in EV Battery Arms Race
Did you know each electric car battery requires 220 pounds of graphite – more than lithium, copper, or aluminum? China enjoyed a "near monopoly" in this vital ingredient... until the U.S. made a blockbuster announcement. Now one little-known company is set to play a crucial role in the booming $7 trillion EV revolution.
ZIM Integrated Shipping: Don't Catch A Falling Knife
ZIM Integrated Shipping: High Margin Of Safety
See More Headlines
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ZIM Company Calendar

Last Earnings
11/16/2022
Ex-Dividend for 12/7 Dividend
11/28/2022
Dividend Payable
12/07/2022
Today
2/06/2023
Next Earnings (Estimated)
3/08/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Deep sea foreign transportation of freight
Sub-Industry
N/A
Fax
N/A
Employees
4,427
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$34.16
High Stock Price Forecast
$53.30
Low Stock Price Forecast
$21.00
Forecasted Upside/Downside
+53.5%
Consensus Rating
Hold
Rating Score (0-4)
1.83
Research Coverage
6 Analysts

Profitability

Net Income
$4.64 billion
Pretax Margin
54.57%

Debt

Sales & Book Value

Annual Sales
$10.73 billion
Cash Flow
$46.35 per share
Book Value
$40.00 per share

Miscellaneous

Free Float
118,388,000
Market Cap
$2.67 billion
Optionable
Not Optionable
Beta
2.29

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.













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 year. There are currently 1 sell rating and 5 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 equities research analysts have issued twelve-month price objectives for ZIM Integrated Shipping Services' stock. Their ZIM share price forecasts range from $21.00 to $53.30. On average, they predict the company's stock price to reach $34.16 in the next year. This suggests a possible upside of 53.5% 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 increased by 29.4% and is now trading at $22.25.
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, March 8th 2023.
View our ZIM earnings forecast
.

How were ZIM Integrated Shipping Services' earnings last quarter?

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) announced its quarterly earnings results on Wednesday, November, 16th. The company reported $9.66 EPS for the quarter, topping analysts' consensus estimates of $9.46 by $0.20. The firm had revenue of $3.23 billion for the quarter, compared to the consensus estimate of $3.01 billion. ZIM Integrated Shipping Services had a trailing twelve-month return on equity of 118.65% and a net margin of 42.71%.

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 Wednesday, November 16th. Investors of record on Tuesday, November 29th will be given a dividend of $2.95 per share on Wednesday, December 7th. This represents a $11.80 annualized dividend and a yield of 53.03%. The ex-dividend date of this dividend is Monday, November 28th.
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 $11.80 per share and currently has a dividend yield of 51.64%. ZIM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 24.04%. This payout ratio is at a healthy, sustainable level, below 75%.
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 variety of institutional and retail investors. Top institutional investors include Harel Insurance Investments & Financial Services Ltd. (1.62%), Simplex Trading LLC (0.00%), Meitav Dash Investments Ltd. (0.34%), Sumitomo Mitsui Trust Holdings Inc. (0.17%), Banque Pictet & Cie SA (0.08%) and Clear Harbor Asset Management LLC (0.07%).

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 $22.25.

How much money does ZIM Integrated Shipping Services make?

ZIM Integrated Shipping Services (NYSE:ZIM) has a market capitalization of $2.67 billion and generates $10.73 billion in revenue each year. The company earns $4.64 billion in net income (profit) each year or $49.09 on an earnings per share basis.

How many employees does ZIM Integrated Shipping Services have?

The company employs 4,427 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 2/6/2023 by MarketBeat.com Staff