ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Receives Consensus Rating of “Strong Sell” from Brokerages

Shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) have earned a consensus rating of “Strong Sell” from the six research firms that are covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a sell rating and one has given a hold rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $15.22.

Several analysts have commented on the stock. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $10.50 target price on shares of ZIM Integrated Shipping Services in a research note on Tuesday, September 10th. Barclays lifted their target price on shares of ZIM Integrated Shipping Services from $12.30 to $13.90 and gave the stock an “underweight” rating in a research note on Wednesday, October 23rd. Fearnley Fonds cut shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a research note on Thursday. Bank of America lifted their target price on shares of ZIM Integrated Shipping Services from $12.20 to $13.70 and gave the stock an “underperform” rating in a research note on Wednesday, August 28th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $25.00 price target on shares of ZIM Integrated Shipping Services in a report on Wednesday.

Hedge Funds Weigh In On ZIM Integrated Shipping Services

Hedge funds and other institutional investors have recently made changes to their positions in the business. Van ECK Associates Corp lifted its holdings in ZIM Integrated Shipping Services by 1.6% in the 3rd quarter. Van ECK Associates Corp now owns 38,079 shares of the company’s stock worth $977,000 after buying an additional 591 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in ZIM Integrated Shipping Services by 2.1% in the 3rd quarter. Janney Montgomery Scott LLC now owns 44,292 shares of the company’s stock worth $1,137,000 after buying an additional 915 shares in the last quarter. Fairman Group LLC acquired a new position in ZIM Integrated Shipping Services in the 3rd quarter worth $26,000. Olympiad Research LP lifted its holdings in ZIM Integrated Shipping Services by 12.9% in the 3rd quarter. Olympiad Research LP now owns 10,588 shares of the company’s stock worth $272,000 after buying an additional 1,212 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in ZIM Integrated Shipping Services in the 3rd quarter worth $31,000. Institutional investors and hedge funds own 21.42% of the company’s stock.

ZIM Integrated Shipping Services Stock Down 1.8 %

ZIM stock opened at $23.79 on Friday. The stock has a market capitalization of $2.86 billion, a P/E ratio of 1.99, a PEG ratio of 0.04 and a beta of 1.88. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.97 and a current ratio of 1.33. ZIM Integrated Shipping Services has a one year low of $6.39 and a one year high of $30.15. The company has a 50 day moving average price of $22.78 and a two-hundred day moving average price of $20.47.

ZIM Integrated Shipping Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 9th. Investors of record on Monday, December 2nd will be 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 is Monday, December 2nd. This represents a $11.24 annualized dividend and a dividend yield of 47.25%. ZIM Integrated Shipping Services’s 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.