Brokerages Set ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) PT at $15.04

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) has been given a consensus recommendation of “Reduce” by the seven analysts that are currently covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a strong buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $15.04.

A number of equities research analysts recently commented on the stock. Fearnley Fonds lowered shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a report on Thursday, November 21st. Barclays dropped their price target on ZIM Integrated Shipping Services from $16.50 to $16.00 and set an “underweight” rating on the stock in a research note on Friday, January 10th. Clarkson Capital upgraded ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a report on Friday, November 22nd. Finally, Jefferies Financial Group cut their target price on ZIM Integrated Shipping Services from $28.00 to $22.00 and set a “hold” rating on the stock in a research note on Tuesday, December 17th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ZIM. JPMorgan Chase & Co. boosted its holdings in shares of ZIM Integrated Shipping Services by 59.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,811,447 shares of the company’s stock valued at $46,482,000 after buying an additional 674,723 shares during the last quarter. International Assets Investment Management LLC lifted its stake in ZIM Integrated Shipping Services by 2,228.7% in the third quarter. International Assets Investment Management LLC now owns 402,862 shares of the company’s stock valued at $10,337,000 after acquiring an additional 385,562 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of ZIM Integrated Shipping Services in the 3rd quarter valued at about $2,612,000. Blueshift Asset Management LLC acquired a new position in shares of ZIM Integrated Shipping Services during the 3rd quarter worth about $620,000. Finally, Quantbot Technologies LP raised its holdings in shares of ZIM Integrated Shipping Services by 9,573.0% in the 3rd quarter. Quantbot Technologies LP now owns 370,477 shares of the company’s stock valued at $9,506,000 after purchasing an additional 366,647 shares during the period. 21.42% of the stock is currently owned by institutional investors.

ZIM Integrated Shipping Services Price Performance

NYSE ZIM opened at $16.58 on Friday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.26 and a current ratio of 1.33. ZIM Integrated Shipping Services has a 52-week low of $9.08 and a 52-week high of $30.15. The business has a 50 day simple moving average of $21.26 and a 200 day simple moving average of $20.63. The stock has a market cap of $2.00 billion, a price-to-earnings ratio of 1.39, a PEG ratio of 0.22 and a beta of 1.77.

ZIM Integrated Shipping Services Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, December 2nd were issued a dividend of $2.81 per share. This represents a $11.24 annualized dividend and a yield of 67.81%. The ex-dividend date was Monday, December 2nd. This is a positive change from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.93. 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.