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NYSE:ZIM

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

$9.54
-0.38 (-3.83%)
(As of 10/3/2023 ET)
Compare
Today's Range
$9.49
▼
$9.84
50-Day Range
$9.92
▼
$15.38
52-Week Range
$9.49
▼
$29.38
Volume
2.63 million shs
Average Volume
3.76 million shs
Market Capitalization
$1.15 billion
P/E Ratio
0.88
Dividend Yield
98.01%
Price Target
$12.17
ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media

ZIM Integrated Shipping Services MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
27.5% Upside
$12.17 Price Target
Short Interest
Bearish
18.14% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
-0.21mentions of ZIM Integrated Shipping Services in the last 14 days
Based on 9 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Decreasing
From ($4.70) to ($5.59) Per Share

Overall MarketRank™

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

1.93 out of 5 stars

Transportation Sector

102nd out of 117 stocks

Deep Sea Foreign Transportation Of Freight Industry

24th out of 27 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.

ZIM Price History

ZIM Stock News Headlines

October 3, 2023 | americanbankingnews.com
ZIM Integrated Shipping Services (NYSE:ZIM) Hits New 1-Year Low After Analyst Downgrade
September 30, 2023 | americanbankingnews.com
ZIM Integrated Shipping Services (NYSE:ZIM) Given New $9.50 Price Target at Barclays
October 3, 2023 | Behind the Markets (Ad)
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Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...
September 28, 2023 | americanbankingnews.com
ZIM Integrated Shipping Services (NYSE:ZIM) Price Target Cut to $14.00
September 28, 2023 | americanbankingnews.com
ZIM Integrated Shipping Services (NYSE:ZIM) Trading Down 2.9% Following Analyst Downgrade
September 27, 2023 | markets.businessinsider.com
The Latest Analyst Ratings for ZIM Integrated Shipping
September 26, 2023 | americanbankingnews.com
ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Given Average Recommendation of "Hold" by Brokerages
September 21, 2023 | finance.yahoo.com
Trouble ahead: Container shipping rates sinking further into the red
October 3, 2023 | Behind the Markets (Ad)
[BREAKING] New "Living Missile" to Replace Nuclear Missiles
CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!
September 20, 2023 | 247wallst.com
JP Morgan Upgrades Zim Integrated Shipping Services
September 12, 2023 | finance.yahoo.com
Ship4wd Facilitates Global Supply Chain Flow for Small and Medium-Sized Businesses with $3M of Credit Utilized by Customers in the First Month of New Financing Solution
September 6, 2023 | finance.yahoo.com
ZIM Announces a New Operational Collaboration Agreement with MSC on Multiple Trades
September 3, 2023 | finance.yahoo.com
Estimating The Fair Value Of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)
September 1, 2023 | finance.yahoo.com
Top Stocks for September 2023
August 25, 2023 | msn.com
Unusual Put Option Trade in Zim Integrated Shipping Services (ZIM) Worth $340.00K
August 22, 2023 | finance.yahoo.com
Ship4wd Recognized as Best Freight Forwarder for Small and Mid-sized Businesses in the U.S. and Canada at the 11th Annual Global Brand Awards
August 20, 2023 | finance.yahoo.com
Should You Buy Zim Stock Right Now?
August 17, 2023 | marketwatch.com
Zim Shares Sink 5.4% After 2Q Revenue Drops on Lower Shipping Rates
August 17, 2023 | finance.yahoo.com
Is Now An Opportune Moment To Examine ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)?
August 17, 2023 | seekingalpha.com
ZIM Integrated Shipping Services will not pay dividend due to Q2 losses
August 17, 2023 | finance.yahoo.com
Q2 2023 ZIM Integrated Shipping Services Ltd Earnings Call
August 16, 2023 | seekingalpha.com
ZIM Integrated Shipping Services Ltd. 2023 Q2 - Results - Earnings Call Presentation
August 16, 2023 | markets.businessinsider.com
ZIM Integrated Shipping Services Posts Loss In Q2, Stock Down In Pre-market
August 16, 2023 | finance.yahoo.com
ZIM Reports Financial Results for the Second Quarter of 2023
August 16, 2023 | benzinga.com
Earnings Outlook For ZIM Integrated Shipping
August 14, 2023 | seekingalpha.com
ZIM Integrated: The Bottom May Be Here - Follow The Bulls
August 12, 2023 | seekingalpha.com
ZIM Integrated: The Worst Is Likely Over As Buyers Returned (Rating Upgrade)
See More Headlines
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ZIM Company Calendar

Last Earnings
8/16/2023
Today
10/03/2023
Next Earnings (Estimated)
11/15/2023
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
$12.17
High Stock Price Forecast
$14.00
Low Stock Price Forecast
$9.50
Forecasted Upside/Downside
+27.4%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
3 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$10.81
Trailing P/E Ratio
0.88
Forward P/E Ratio
N/A
P/E Growth
N/A
Net Income
$4.62 billion
Net Margins
16.08%
Pretax Margin
21.42%
Return on Equity
25.01%
Return on Assets
11.81%

Debt

Debt-to-Equity Ratio
0.68
Current Ratio
1.15
Quick Ratio
1.08

Sales & Book Value

Annual Sales
$12.56 billion
Price / Sales
0.09
Cash Flow
$45.48 per share
Price / Cash Flow
0.21
Book Value
$49.15 per share
Price / Book
0.19

Miscellaneous

Outstanding Shares
120,180,000
Free Float
118,622,000
Market Cap
$1.15 billion
Optionable
Not Optionable
Beta
2.12
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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. Saar Dotan (Age 53)
    Exec. VP of Countries & Bus. Devel.
  • Mr. Nissim Yochai (Age 64)
    Exec. VP of ZIM USA Pres
  • Ms. Yael Livnat
    Exec. VP of Network Devel. & Cooperation

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?

3 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, 1 hold rating and 1 buy rating 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?

3 Wall Street analysts have issued twelve-month price targets for ZIM Integrated Shipping Services' stock. Their ZIM share price forecasts range from $9.50 to $14.00. On average, they expect the company's share price to reach $12.17 in the next twelve months. This suggests a possible upside of 27.4% 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 at the beginning of the year. Since then, ZIM shares have decreased by 44.4% and is now trading at $9.55.
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, November 15th 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, August, 16th. The company reported ($1.37) EPS for the quarter, missing analysts' consensus estimates of ($0.87) by $0.50. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.32 billion. ZIM Integrated Shipping Services had a net margin of 16.08% and a trailing twelve-month return on equity of 25.01%.

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 given a dividend of $6.40 per share on Monday, April 3rd. This represents a $25.60 dividend on an annualized basis and a yield of 268.06%. The ex-dividend date of this dividend 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), 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).

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 89.47%. ZIM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 86.49%. 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 a price of $16.00-$19.00 per share. Citigroup, Goldman Sachs, Barclays, Jefferies and Clarksons Plateau Securities served 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."

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 $9.55.

How much money does ZIM Integrated Shipping Services make?

ZIM Integrated Shipping Services (NYSE:ZIM) has a market capitalization of $1.15 billion and generates $12.56 billion in revenue each year. The company earns $4.62 billion in net income (profit) each year or $10.81 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 10/3/2023 by MarketBeat.com Staff

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