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NYSE:ZIM

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

$18.46
+0.81 (+4.59%)
(As of 06/12/2024 ET)
Today's Range
$17.96
$18.91
50-Day Range
$9.87
$23.80
52-Week Range
$6.39
$23.82
Volume
4.63 million shs
Average Volume
6.75 million shs
Market Capitalization
$2.22 billion
P/E Ratio
N/A
Dividend Yield
4.98%
Price Target
$12.01

ZIM Integrated Shipping Services MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.60 Rating Score
Upside/​Downside
34.9% Downside
$12.01 Price Target
Short Interest
Healthy
12.52% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.48mentions of ZIM Integrated Shipping Services in the last 14 days
Based on 22 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Decreasing
From $1.88 to ($2.76) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.75 out of 5 stars

Transportation Sector

91st out of 114 stocks

Deep Sea Foreign Transportation Of Freight Industry

24th out of 30 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

Danaos Benefits from Increasing Demand in Container Shipping (ZIM)
Danaos Corp. (NYSE: DAC) is a leader in the global container shipping industry. The company specializes in operating dry bulk and container vessels. Danaos owns
MarketBeat Week in Review – 6/3 - 6/7 (ZIM)
Equity markets shrugged off a much hotter-than-expected jobs report, but there could be more volatility after the next readings on inflation come out next week
ZIM Shipping Stock Forecast, Earnings Triggers a Buy
Global container ship company Zim Integrated Shipping Service Ltd. NYSE: ZIM shares have been on a tear, rising 128% year-to-date (YTD).
ZIM Shipping Stock Forecast, Earnings Triggers a Buy
Global container ship company Zim Integrated Shipping Service Ltd. (NYSE: ZIM) shares have been on a tear, rising 128% year-to-date (YTD). Its shares
ZIM Integrated: Double Down On The Dip
ZIM Integrated Shipping Services (NYSE:ZIM) Shares Up 0.4%
ZIM Integrated: Buy The Panic
ZIM Integrated: Buy The Panic
The 7 Best Bargain Stocks to Buy in June 2024
The 7 Best Bargain Stocks to Buy in June 2024
See More Headlines
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Company Calendar

Last Earnings
5/21/2024
Ex-Dividend for 6/11 Dividend
6/04/2024
Dividend Payable
6/11/2024
Today
6/12/2024
Next Earnings (Estimated)
8/21/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Deep sea foreign transportation of freight
Sub-Industry
N/A
Fax
N/A
Employees
4,778
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$12.01
High Stock Price Target
$20.00
Low Stock Price Target
$7.80
Potential Upside/Downside
-34.9%
Consensus Rating
Reduce
Rating Score (0-4)
1.60
Research Coverage
5 Analysts

Profitability

Net Income
$-2,695,600,000.00
Pretax Margin
-49.62%

Debt

Sales & Book Value

Annual Sales
$5.16 billion
Cash Flow
$6.45 per share
Book Value
$20.45 per share

Miscellaneous

Free Float
118,757,000
Market Cap
$2.22 billion
Optionable
Not Optionable
Beta
1.88
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Key Executives

  • Mr. Eliyahu Glickman (Age 63)
    President & CEO
  • Mr. Xavier Destriau (Age 51)
    Executive VP & CFO
  • Mr. David Alteras Arbel (Age 64)
    Executive VP & COO
  • Mr. Eyal Ben-Amram (Age 61)
    Executive VP & Chief Information Officer
  • Ms. Elana Holzman
    Head of Investor Relations
  • Mr. Noam Nativ (Age 53)
    Executive VP, General Counsel & Company Secretary
  • Mr. Yair Teitelbaum
    Executive Vice President of Global Sales
  • Mr. Guillermo Codner (Age 56)
    Executive Vice President of HR & Organization
  • Mr. Saar Dotan (Age 54)
    Executive Vice President of Countries & Business Development
  • Mr. Nissim Yochai (Age 65)
    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?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ZIM Integrated Shipping Services in the last year. There are currently 3 sell ratings, 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street 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?

5 analysts have issued 12 month target prices for ZIM Integrated Shipping Services' stock. Their ZIM share price targets range from $7.80 to $20.00. On average, they anticipate the company's stock price to reach $12.01 in the next twelve months. This suggests that the stock has a possible downside of 34.9%.
View analysts price targets for ZIM
or view top-rated stocks among Wall Street analysts.

How have ZIM shares performed in 2024?

ZIM Integrated Shipping Services' stock was trading at $9.87 at the beginning of the year. Since then, ZIM shares have increased by 87.0% and is now trading at $18.46.
View the best growth stocks for 2024 here
.

Are investors shorting ZIM Integrated Shipping Services?

ZIM Integrated Shipping Services saw a decline in short interest during the month of May. As of May 15th, there was short interest totaling 16,050,000 shares, a decline of 24.4% from the April 30th total of 21,240,000 shares. Based on an average daily volume of 4,980,000 shares, the days-to-cover ratio is presently 3.2 days. Currently, 17.0% of the shares of the company are short sold.
View ZIM Integrated Shipping Services' Short Interest
.

When is ZIM Integrated Shipping Services' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 21st 2024.
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 data on Tuesday, May, 21st. The company reported $0.75 EPS for the quarter, missing the consensus estimate of $1.09 by $0.34. The business earned $1.56 billion during the quarter, compared to the consensus estimate of $1.53 billion. ZIM Integrated Shipping Services had a negative trailing twelve-month return on equity of 14.80% and a negative net margin of 47.59%.

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 Tuesday, May 21st. Stockholders of record on Tuesday, June 4th will be given a dividend of $0.23 per share on Tuesday, June 11th. This represents a $0.92 dividend on an annualized basis and a yield of 4.98%. The ex-dividend date is Tuesday, June 4th.
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 $0.92 per share and currently has a dividend yield of 4.48%. 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.

When did ZIM Integrated Shipping Services IPO?

ZIM Integrated Shipping Services (ZIM) raised $306 million in an 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 acted as the underwriters for the IPO.

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 Simplex Trading LLC (0.00%), Walleye Trading LLC (0.00%), California State Teachers Retirement System (0.09%), Mitsubishi UFJ Trust & Banking Corp (0.07%), Entropy Technologies LP (0.07%) and Tidal Investments LLC (0.05%).

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:ZIM) was last updated on 6/13/2024 by MarketBeat.com Staff

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