ZIM Integrated Shipping Services (NYSE:ZIM) Receives “Hold” Rating from Jefferies Financial Group

Jefferies Financial Group reiterated their hold rating on shares of ZIM Integrated Shipping Services (NYSE:ZIM) in a report published on Wednesday,Benzinga reports. Jefferies Financial Group currently has a $18.00 price objective on the stock.

Other analysts have also recently issued reports about the company. JPMorgan Chase & Co. lowered their target price on ZIM Integrated Shipping Services from $10.00 to $9.50 and set an “underweight” rating for the company in a research note on Friday, March 7th. Clarkson Capital raised shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 22nd. Barclays decreased their price target on shares of ZIM Integrated Shipping Services from $16.50 to $16.00 and set an “underweight” rating for the company in a research note on Friday, January 10th. Finally, Fearnley Fonds cut shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 21st. Five investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $14.04.

ZIM Integrated Shipping Services Price Performance

NYSE ZIM opened at $18.19 on Wednesday. The business has a 50 day simple moving average of $19.10 and a 200 day simple moving average of $20.58. ZIM Integrated Shipping Services has a 52-week low of $9.08 and a 52-week high of $30.15. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.26 and a current ratio of 1.33. The stock has a market cap of $2.19 billion, a price-to-earnings ratio of 1.52, a PEG ratio of 0.27 and a beta of 1.70.

ZIM Integrated Shipping Services (NYSE:ZIM) last posted its earnings results on Wednesday, March 12th. The company reported $4.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.47 by $1.19. ZIM Integrated Shipping Services had a return on equity of 48.63% and a net margin of 19.26%. The business had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $1.99 billion. Analysts anticipate 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 $3.17 dividend. This represents a $12.68 annualized dividend and a dividend yield of 69.71%. The ex-dividend date is Monday, March 24th. This is an increase from ZIM Integrated Shipping Services’s previous quarterly dividend of $2.81. ZIM Integrated Shipping Services’s dividend payout ratio is presently 9.72%.

Institutional Investors Weigh In On ZIM Integrated Shipping Services

Several large investors have recently made changes to their positions in the stock. Employees Retirement System of Texas acquired a new stake in shares of ZIM Integrated Shipping Services in the 4th quarter valued at approximately $45,000. Mackenzie Financial Corp acquired a new stake in ZIM Integrated Shipping Services during the 4th quarter valued at $559,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in ZIM Integrated Shipping Services by 31.9% during the 4th 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 purchasing an additional 68,708 shares during the last quarter. Tidal Investments LLC lifted its holdings in ZIM Integrated Shipping Services by 19.0% during the 4th quarter. Tidal Investments LLC now owns 81,539 shares of the company’s stock valued at $1,751,000 after purchasing an additional 13,009 shares during the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in ZIM Integrated Shipping Services during the 4th quarter valued at $14,324,000. Institutional investors and hedge funds 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.