ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Receives $15.14 Consensus PT from Analysts

Shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) have been assigned an average rating of “Reduce” from the seven brokerages that are currently covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $15.14.

Several brokerages recently weighed in on ZIM. Bank of America lifted their price target on ZIM Integrated Shipping Services from $12.20 to $13.70 and gave the company an “underperform” rating in a research note on Wednesday, August 28th. Clarkson Capital raised ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 22nd. Fearnley Fonds cut shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 21st. Barclays boosted their price target on shares of ZIM Integrated Shipping Services from $13.90 to $16.50 and gave the stock an “underweight” rating in a report on Monday, November 25th. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $10.50 price objective on shares of ZIM Integrated Shipping Services in a report on Tuesday, September 10th.

Institutional Trading of ZIM Integrated Shipping Services

A number of hedge funds have recently bought and sold shares of the business. Virtu Financial LLC purchased a new stake in ZIM Integrated Shipping Services in the 3rd quarter valued at $893,000. Sunbelt Securities Inc. acquired a new position in shares of ZIM Integrated Shipping Services during the 3rd quarter valued at about $71,000. Geode Capital Management LLC grew its holdings in shares of ZIM Integrated Shipping Services by 3.4% in the third quarter. Geode Capital Management LLC now owns 88,086 shares of the company’s stock valued at $2,260,000 after purchasing an additional 2,873 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in shares of ZIM Integrated Shipping Services in the third quarter valued at about $3,364,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in ZIM Integrated Shipping Services during the third quarter worth about $2,612,000. Institutional investors and hedge funds own 21.42% of the company’s stock.

ZIM Integrated Shipping Services Stock Performance

Shares of NYSE ZIM opened at $18.29 on Wednesday. The company has a market capitalization of $2.20 billion, a PE ratio of 1.53, a price-to-earnings-growth ratio of 0.04 and a beta of 1.78. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.26 and a current ratio of 1.33. The company’s fifty day moving average price is $22.34 and its 200 day moving average price is $20.60. ZIM Integrated Shipping Services has a 1 year low of $9.08 and a 1 year high of $30.15.

ZIM Integrated Shipping Services Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, December 2nd were issued a dividend of $2.81 per share. This is a positive change from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.93. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $11.24 dividend on an annualized basis and a dividend yield of 61.45%. ZIM Integrated Shipping Services’s dividend payout ratio is presently 9.72%.

ZIM Integrated Shipping Services Company Profile

ZIM Integrated Shipping Services Ltd., together with its subsidiaries, provides container shipping and related services in Israel and internationally. It provides door-to-door and port-to-port transportation services for various types of customers, including end-users, consolidators, and freight forwarders.