Free Trial
NYSE:ZIM

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

$17.05
-0.82 (-4.59%)
(As of 07/12/2024 ET)
Today's Range
$16.74
$17.59
50-Day Range
$13.43
$23.80
52-Week Range
$6.39
$23.82
Volume
9.29 million shs
Average Volume
4.11 million shs
Market Capitalization
$2.05 billion
P/E Ratio
N/A
Dividend Yield
5.40%
Price Target
$12.01

ZIM Integrated Shipping Services MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.60 Rating Score
Upside/​Downside
29.6% Downside
$12.01 Price Target
Short Interest
Healthy
10.36% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.51mentions of ZIM Integrated Shipping Services in the last 14 days
Based on 8 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Decreasing
From $3.42 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.

0.73 out of 5 stars

Transportation Sector

108th out of 116 stocks

Deep Sea Foreign Transportation Of Freight Industry

30th out of 31 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

I’ve seen this situation a handful of times in my life
The stock is now trading for just $10 a share. Why is this company being ignored by Wall Street, and what kind of gains could shareholders soon be looking at?
The 3 Best Bargain Stocks to Buy in July 2024
I’ve seen this situation a handful of times in my life
The stock is now trading for just $10 a share. Why is this company being ignored by Wall Street, and what kind of gains could shareholders soon be looking at?
3 Stocks to Dump Before the Market Goes Bust
ZIM Integrated: Double Down On The Dip
ZIM Integrated: Buy The Panic
ZIM Integrated: Buy The Panic
See More Headlines
Receive ZIM Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for ZIM Integrated Shipping Services and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings
5/21/2024
Ex-Dividend for 6/11 Dividend
6/04/2024
Dividend Payable
6/11/2024
Today
7/13/2024
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
-29.6%
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
$6.85 per share
Book Value
$20.45 per share

Miscellaneous

Free Float
118,757,000
Market Cap
$2.05 billion
Optionable
Not Optionable
Beta
1.85
These 7 Stocks Will Be Magnificent in 2024 Cover

With average gains of 150% since the start of 2023, now is the time to give these stocks a look and pump up your 2024 portfolio.

Get This Free Report

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

How have ZIM shares performed this year?

ZIM Integrated Shipping Services' stock was trading at $9.87 at the beginning of 2024. Since then, ZIM shares have increased by 72.7% and is now trading at $17.05.
View the best growth stocks for 2024 here
.

How were ZIM Integrated Shipping Services' earnings last quarter?

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) issued its earnings results on Tuesday, May, 21st. The company reported $0.75 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.09 by $0.34. The firm had revenue of $1.56 billion for the quarter, compared to analyst estimates 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%.

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 $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' top institutional investors include SG Americas Securities LLC (0.02%), Mather Group LLC. and CWM LLC.

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 7/13/2024 by MarketBeat.com Staff

From Our Partners