Brokerages Set ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) PT at $13.54

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) has earned a consensus recommendation of “Reduce” from the seven brokerages that are presently covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a strong buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $13.54.

Several equities analysts have recently issued reports on ZIM shares. Jefferies Financial Group reaffirmed a “hold” rating and issued a $18.00 price target on shares of ZIM Integrated Shipping Services in a research report on Wednesday, March 12th. Barclays decreased their target price on shares of ZIM Integrated Shipping Services from $16.00 to $13.50 and set an “underweight” rating for the company in a report on Monday, March 17th. Finally, JPMorgan Chase & Co. cut their price target on shares of ZIM Integrated Shipping Services from $10.00 to $9.50 and set an “underweight” rating on the stock in a report on Friday, March 7th.

ZIM Integrated Shipping Services Stock Performance

Shares of ZIM Integrated Shipping Services stock opened at $15.50 on Friday. The business has a fifty day simple moving average of $18.67 and a two-hundred day simple moving average of $20.56. The firm has a market capitalization of $1.87 billion, a P/E ratio of 1.30, a P/E/G ratio of 0.27 and a beta of 1.70. The company has a current ratio of 1.33, a quick ratio of 1.26 and a debt-to-equity ratio of 1.11. ZIM Integrated Shipping Services has a 12 month low of $9.75 and a 12 month high of $30.15.

ZIM Integrated Shipping Services (NYSE:ZIM) last posted its quarterly earnings results on Wednesday, March 12th. The company reported $4.66 earnings per share for the quarter, topping the consensus estimate of $3.47 by $1.19. The company had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $1.99 billion. ZIM Integrated Shipping Services had a return on equity of 48.63% and a net margin of 19.26%. On average, equities analysts forecast that ZIM Integrated Shipping Services will post 16.75 earnings per share for the current fiscal year.

ZIM Integrated Shipping Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Monday, March 24th will be issued a dividend of $3.17 per share. This represents a $12.68 annualized dividend and a dividend yield of 81.83%. This is a boost from ZIM Integrated Shipping Services’s previous quarterly dividend of $2.81. The ex-dividend date is Monday, March 24th. ZIM Integrated Shipping Services’s payout ratio is presently 6.51%.

Institutional Investors Weigh In On ZIM Integrated Shipping Services

Several institutional investors and hedge funds have recently added to or reduced their stakes in ZIM. Employees Retirement System of Texas bought a new position in shares of ZIM Integrated Shipping Services during the 4th quarter valued at $45,000. Mackenzie Financial Corp purchased a new stake in ZIM Integrated Shipping Services during the fourth quarter valued at $559,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in ZIM Integrated Shipping Services by 31.9% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 284,186 shares of the company’s stock valued at $6,101,000 after acquiring an additional 68,708 shares during the last quarter. Tidal Investments LLC lifted its holdings in ZIM Integrated Shipping Services by 19.0% in the fourth quarter. Tidal Investments LLC now owns 81,539 shares of the company’s stock valued at $1,751,000 after acquiring an additional 13,009 shares during the period. Finally, Point72 Asset Management L.P. purchased a new position in ZIM Integrated Shipping Services in the fourth quarter worth about $14,324,000. Hedge funds and other institutional investors own 21.42% of the company’s stock.

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.