ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Receives Consensus Recommendation of “Reduce” from Analysts

Shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) have received an average rating of “Reduce” from the seven brokerages that are presently covering the firm, MarketBeat reports. Five equities research 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 price target among brokers that have covered the stock in the last year is $15.14.

Several brokerages have issued reports on ZIM. Jefferies Financial Group decreased their price objective on shares of ZIM Integrated Shipping Services from $28.00 to $22.00 and set a “hold” rating for the company in a research note on Tuesday, December 17th. Barclays boosted their price objective on ZIM Integrated Shipping Services from $13.90 to $16.50 and gave the company an “underweight” rating in a report on Monday, November 25th. Clarkson Capital upgraded ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 22nd. JPMorgan Chase & Co. reissued an “underweight” rating and set a $10.50 target price on shares of ZIM Integrated Shipping Services in a research note on Tuesday, September 10th. Finally, Fearnley Fonds downgraded shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 21st.

Institutional Trading of ZIM Integrated Shipping Services

A number of hedge funds have recently added to or reduced their stakes in ZIM. Virtu Financial LLC bought a new stake in shares of ZIM Integrated Shipping Services in the 3rd quarter valued at about $893,000. Sunbelt Securities Inc. purchased a new position in ZIM Integrated Shipping Services during the third quarter valued at approximately $71,000. Geode Capital Management LLC raised its stake in ZIM Integrated Shipping Services by 3.4% in the third quarter. Geode Capital Management LLC now owns 88,086 shares of the company’s stock worth $2,260,000 after buying an additional 2,873 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in ZIM Integrated Shipping Services during the third quarter worth $3,364,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in ZIM Integrated Shipping Services during the 3rd quarter valued at $2,612,000. 21.42% of the stock is owned by hedge funds and other institutional investors.

ZIM Integrated Shipping Services Trading Up 5.0 %

Shares of ZIM opened at $21.50 on Wednesday. ZIM Integrated Shipping Services has a twelve month low of $9.08 and a twelve month high of $30.15. The company has a current ratio of 1.33, a quick ratio of 1.26 and a debt-to-equity ratio of 1.11. The company’s fifty day simple moving average is $22.33 and its 200-day simple moving average is $20.58. The company has a market cap of $2.59 billion, a P/E ratio of 1.80, a P/E/G ratio of 0.04 and a beta of 1.78.

ZIM Integrated Shipping Services Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, December 2nd were paid a dividend of $2.81 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $11.24 annualized dividend and a dividend yield of 52.28%. 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 (DPR) is currently 9.72%.

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.