ZIM Integrated Shipping Services (NYSE:ZIM) Trading 0% Higher

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)’s share price rose 0% on Tuesday . The stock traded as high as $20.44 and last traded at $20.26. Approximately 438,512 shares changed hands during trading, a decline of 93% from the average daily volume of 6,528,359 shares. The stock had previously closed at $20.25.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Jefferies Financial Group reissued a “buy” rating and issued a $20.00 price target on shares of ZIM Integrated Shipping Services in a research note on Wednesday, May 22nd. Barclays boosted their price target on shares of ZIM Integrated Shipping Services from $5.00 to $10.00 and gave the stock an “underweight” rating in a research report on Tuesday, May 28th. Citigroup lowered shares of ZIM Integrated Shipping Services from a “neutral” rating to a “sell” rating and raised their price objective for the company from $11.60 to $13.00 in a research note on Thursday, June 6th. JPMorgan Chase & Co. dropped their price objective on ZIM Integrated Shipping Services from $9.30 to $9.25 and set a “neutral” rating on the stock in a research note on Friday, March 22nd. Finally, Bank of America decreased their target price on ZIM Integrated Shipping Services from $11.00 to $7.80 and set an “underperform” rating for the company in a research note on Tuesday, March 19th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $12.01.

ZIM Integrated Shipping Services Trading Up 2.2 %

The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.90 and a current ratio of 0.98. The firm has a market capitalization of $2.49 billion, a P/E ratio of -0.98, a price-to-earnings-growth ratio of 0.18 and a beta of 1.87. The firm has a 50 day moving average price of $17.13 and a two-hundred day moving average price of $13.46.

ZIM Integrated Shipping Services (NYSE:ZIM) last issued its quarterly earnings results on Tuesday, May 21st. The company reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.34). ZIM Integrated Shipping Services had a negative return on equity of 14.80% and a negative net margin of 47.59%. The company had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.53 billion. On average, equities research analysts expect that ZIM Integrated Shipping Services Ltd. will post 3.42 EPS for the current fiscal year.

ZIM Integrated Shipping Services Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 11th. Investors of record on Tuesday, June 4th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 4.44%. The ex-dividend date was Tuesday, June 4th. ZIM Integrated Shipping Services’s dividend payout ratio is -4.35%.

Institutional Trading of ZIM Integrated Shipping Services

Hedge funds have recently modified their holdings of the business. Allianz Asset Management GmbH grew its holdings in shares of ZIM Integrated Shipping Services by 1,446.0% during the 4th quarter. Allianz Asset Management GmbH now owns 161,552 shares of the company’s stock valued at $1,595,000 after acquiring an additional 151,102 shares in the last quarter. American Century Companies Inc. grew its stake in ZIM Integrated Shipping Services by 12.4% in the third quarter. American Century Companies Inc. now owns 898,491 shares of the company’s stock valued at $9,389,000 after purchasing an additional 99,477 shares in the last quarter. International Assets Investment Management LLC increased its position in ZIM Integrated Shipping Services by 1,204.6% in the 4th quarter. International Assets Investment Management LLC now owns 173,712 shares of the company’s stock worth $17,600,000 after purchasing an additional 160,397 shares during the last quarter. Private Advisor Group LLC purchased a new stake in shares of ZIM Integrated Shipping Services during the 4th quarter worth about $127,000. Finally, Citigroup Inc. lifted its holdings in shares of ZIM Integrated Shipping Services by 77.1% during the 3rd quarter. Citigroup Inc. now owns 5,403 shares of the company’s stock valued at $56,000 after buying an additional 2,352 shares during the last quarter. 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.