ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Receives $15.04 Average Target Price from Analysts

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

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

ZIM Integrated Shipping Services Stock Down 4.6 %

ZIM Integrated Shipping Services stock opened at $19.83 on Thursday. The firm has a market cap of $2.39 billion, a price-to-earnings ratio of 1.66, a price-to-earnings-growth ratio of 0.23 and a beta of 1.74. ZIM Integrated Shipping Services has a 52 week low of $9.08 and a 52 week high of $30.15. The business’s 50-day moving average price is $19.25 and its 200 day moving average price is $20.50. The company has a quick ratio of 1.26, a current ratio of 1.33 and a debt-to-equity ratio of 1.11.

ZIM Integrated Shipping Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, December 2nd were issued a $2.81 dividend. This is a positive change from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.93. This represents a $11.24 annualized dividend and a yield of 56.68%. The ex-dividend date of this dividend was Monday, December 2nd. ZIM Integrated Shipping Services’s dividend payout ratio (DPR) is presently 9.72%.

Institutional Trading of ZIM Integrated Shipping Services

Several institutional investors have recently bought and sold shares of ZIM. Millennium Management LLC grew its holdings in ZIM Integrated Shipping Services by 306.7% in the second quarter. Millennium Management LLC now owns 425,795 shares of the company’s stock valued at $9,440,000 after purchasing an additional 321,100 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in shares of ZIM Integrated Shipping Services by 2,341.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,929 shares of the company’s stock valued at $43,000 after acquiring an additional 1,850 shares in the last quarter. Truist Financial Corp purchased a new position in shares of ZIM Integrated Shipping Services in the second quarter valued at approximately $417,000. Valeo Financial Advisors LLC purchased a new position in shares of ZIM Integrated Shipping Services in the third quarter valued at approximately $385,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of ZIM Integrated Shipping Services in the third quarter valued at approximately $31,000. 21.42% of the stock is owned by institutional investors and hedge funds.

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.