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NYSE:ZIM

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

$10.96
-1.05 (-8.74%)
(As of 03/4/2024 ET)
Today's Range
$10.95
$12.06
50-Day Range
$9.78
$15.00
52-Week Range
$6.39
$25.12
Volume
7.14 million shs
Average Volume
8.58 million shs
Market Capitalization
$1.32 billion
P/E Ratio
N/A
Dividend Yield
58.39%
Price Target
$10.43

ZIM Integrated Shipping Services MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.75 Rating Score
Upside/​Downside
4.9% Downside
$10.43 Price Target
Short Interest
Bearish
27.82% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.13mentions of ZIM Integrated Shipping Services in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($5.35) to $2.21 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.

0.28 out of 5 stars

Transportation Sector

115th out of 118 stocks

Deep Sea Foreign Transportation Of Freight Industry

27th out of 27 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

20 Countries With the Longest Coastlines in the World
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
ZIM Integrated Shipping Services: Not A Binary Outcome
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
ZIM: Sudden Ceasefire Risk
ZIM (ZIM) Moves 7.5% Higher: Will This Strength Last?
See More Headlines
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Company Calendar

Last Earnings
5/22/2023
Today
3/04/2024
Next Earnings (Confirmed)
3/13/2024
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
4,830
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$10.43
High Stock Price Target
$20.00
Low Stock Price Target
$5.00
Potential Upside/Downside
-4.9%
Consensus Rating
Reduce
Rating Score (0-4)
1.75
Research Coverage
4 Analysts

Profitability

Net Income
$4.62 billion
Pretax Margin
-34.50%

Debt

Sales & Book Value

Annual Sales
$6.15 billion
Cash Flow
$45.67 per share
Book Value
$49.15 per share

Miscellaneous

Free Float
118,622,000
Market Cap
$1.32 billion
Optionable
Not Optionable
Beta
1.90
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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?

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for ZIM Integrated Shipping Services in the last year. There are currently 2 sell ratings, 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street 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?

4 analysts have issued 1-year target prices for ZIM Integrated Shipping Services' stock. Their ZIM share price targets range from $5.00 to $20.00. On average, they anticipate the company's share price to reach $10.43 in the next twelve months. This suggests that the stock has a possible downside of 4.9%.
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 on January 1st, 2024. Since then, ZIM shares have increased by 11.0% and is now trading at $10.96.
View the best growth stocks for 2024 here
.

When is ZIM Integrated Shipping Services' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 13th 2024.
View our ZIM earnings forecast
.

How can I listen to ZIM Integrated Shipping Services' earnings call?

ZIM Integrated Shipping Services will be holding an earnings conference call on Wednesday, March 13th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were ZIM Integrated Shipping Services' earnings last quarter?

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) released its quarterly earnings data on Monday, May, 22nd. The company reported ($0.50) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.18) by $0.32. The company earned $1.37 billion during the quarter, compared to the consensus estimate of $1.56 billion. ZIM Integrated Shipping Services had a negative trailing twelve-month return on equity of 1.02% and a negative net margin of 34.71%. During the same period in the previous year, the business earned $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 announced a quarterly dividend on Monday, March 13th. Stockholders 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 233.58%. The ex-dividend date of this dividend is Tuesday, April 4th. This is a positive change 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 $6.40 per share and currently has a dividend yield of 53.74%. 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 initial public offering 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 Citadel Advisors LLC (0.00%), Goldman Sachs Group Inc. (0.00%), Goldman Sachs Group Inc. (0.00%), Charles Schwab Investment Management Inc. (0.43%), Balyasny Asset Management L.P. (0.42%) and Simplex 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:ZIM) was last updated on 3/4/2024 by MarketBeat.com Staff