ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Receives $76.40 Average Target Price from Brokerages

ZIM Integrated Shipping Services Ltd. (NYSE:ZIMGet Rating) has been assigned a consensus rating of “Buy” from the seven research firms that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $76.40.

Several equities research analysts have recently issued reports on the company. Jefferies Financial Group raised their price objective on ZIM Integrated Shipping Services from $100.00 to $120.00 and gave the stock a “buy” rating in a report on Thursday, March 10th. Clarkson Capital lowered ZIM Integrated Shipping Services from a “buy” rating to a “neutral” rating in a research report on Thursday, March 10th. Zacks Investment Research raised ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating and set a $66.00 target price on the stock in a research report on Thursday, January 27th. Finally, Barclays lifted their target price on ZIM Integrated Shipping Services from $60.00 to $76.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 26th.

ZIM opened at $55.17 on Tuesday. The company has a market cap of $6.61 billion, a PE ratio of 1.42 and a beta of 1.54. The business has a 50 day moving average price of $71.29 and a two-hundred day moving average price of $60.39. ZIM Integrated Shipping Services has a 52 week low of $28.25 and a 52 week high of $91.23. The company has a quick ratio of 1.80, a current ratio of 1.84 and a debt-to-equity ratio of 0.50.

ZIM Integrated Shipping Services (NYSE:ZIMGet Rating) last released its quarterly earnings results on Wednesday, March 9th. The company reported $14.17 earnings per share for the quarter, topping analysts’ consensus estimates of $13.65 by $0.52. The business had revenue of $3.47 billion for the quarter, compared to analysts’ expectations of $3.44 billion. ZIM Integrated Shipping Services had a return on equity of 201.14% and a net margin of 43.25%. As a group, sell-side analysts expect that ZIM Integrated Shipping Services will post 36.76 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, April 4th. Stockholders of record on Wednesday, March 23rd were issued a dividend of $17.00 per share. This represents a $68.00 annualized dividend and a dividend yield of 123.26%. The ex-dividend date was Tuesday, March 22nd. ZIM Integrated Shipping Services’s dividend payout ratio is currently 50.21%.

Large investors have recently modified their holdings of the stock. Pacer Advisors Inc. lifted its position in ZIM Integrated Shipping Services by 261.2% during the 4th quarter. Pacer Advisors Inc. now owns 596 shares of the company’s stock worth $35,000 after acquiring an additional 431 shares during the last quarter. Standard Family Office LLC bought a new stake in ZIM Integrated Shipping Services in the fourth quarter valued at about $35,000. Liberty Wealth Management LLC increased its stake in ZIM Integrated Shipping Services by 1,473.2% in the third quarter. Liberty Wealth Management LLC now owns 1,117 shares of the company’s stock valued at $55,000 after acquiring an additional 1,046 shares during the period. Eaton Vance Management increased its stake in ZIM Integrated Shipping Services by 111.4% in the fourth quarter. Eaton Vance Management now owns 1,095 shares of the company’s stock valued at $64,000 after acquiring an additional 577 shares during the period. Finally, Penserra Capital Management LLC bought a new stake in ZIM Integrated Shipping Services during the third quarter worth about $79,000. Hedge funds and other institutional investors own 47.33% of the company’s stock.

About ZIM Integrated Shipping Services (Get Rating)

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.

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