ZIM Integrated Shipping Services (NYSE:ZIM) Shares Up 5.6% – What’s Next?

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) shares traded up 5.6% on Tuesday . The company traded as high as $15.23 and last traded at $15.41. 1,863,369 shares were traded during mid-day trading, a decline of 68% from the average session volume of 5,850,872 shares. The stock had previously closed at $14.59.

Analyst Ratings Changes

ZIM has been the topic of several recent research reports. JPMorgan Chase & Co. reduced their target price on shares of ZIM Integrated Shipping Services from $10.00 to $9.50 and set an “underweight” rating on the stock in a report on Friday, March 7th. Barclays decreased their price objective on ZIM Integrated Shipping Services from $16.00 to $13.50 and set an “underweight” rating on the stock in a report on Monday, March 17th. Finally, Jefferies Financial Group restated a “hold” rating and set a $18.00 target price on shares of ZIM Integrated Shipping Services in a report on Wednesday, March 12th. Five investment analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $13.54.

ZIM Integrated Shipping Services Stock Performance

The business has a fifty day moving average of $18.63 and a 200-day moving average of $20.53. The company has a market cap of $1.88 billion, a PE ratio of 1.30, a P/E/G ratio of 0.27 and a beta of 1.70. The company has a current ratio of 1.33, a quick ratio of 1.26 and a debt-to-equity ratio of 1.11.

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, beating the consensus estimate 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 firm had revenue of $2.17 billion for the quarter, compared to analysts’ expectations of $1.99 billion. Equities research analysts anticipate that ZIM Integrated Shipping Services Ltd. will post 16.75 earnings per share for the current fiscal year.

ZIM Integrated Shipping Services Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Monday, March 24th will be given a $3.17 dividend. This represents a $12.68 annualized dividend and a dividend yield of 81.13%. This is a boost from ZIM Integrated Shipping Services’s previous quarterly dividend of $2.81. The ex-dividend date is Monday, March 24th. ZIM Integrated Shipping Services’s dividend payout ratio (DPR) is currently 6.51%.

Hedge Funds Weigh In On ZIM Integrated Shipping Services

A number of institutional investors have recently bought and sold shares of ZIM. Altshuler Shaham Ltd grew its holdings in shares of ZIM Integrated Shipping Services by 650.0% during the 4th quarter. Altshuler Shaham Ltd now owns 1,500 shares of the company’s stock worth $32,000 after acquiring an additional 1,300 shares during the period. Employees Retirement System of Texas bought a new stake in shares of ZIM Integrated Shipping Services during the fourth quarter valued at approximately $45,000. Sunbelt Securities Inc. purchased a new stake in ZIM Integrated Shipping Services in the third quarter worth $71,000. Brown Brothers Harriman & Co. bought a new position in ZIM Integrated Shipping Services in the fourth quarter worth $79,000. Finally, R Squared Ltd purchased a new position in ZIM Integrated Shipping Services during the fourth quarter valued at $88,000. 21.42% of the stock is owned by institutional investors.

About ZIM Integrated Shipping Services

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.