ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Given Average Recommendation of “Buy” by Brokerages

Shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIMGet Rating) have been given a consensus rating of “Buy” by the seven research firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $76.40.

Several equities research analysts have commented on ZIM shares. Barclays boosted their price target on shares of 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. Jefferies Financial Group boosted their price target on shares of ZIM Integrated Shipping Services from $100.00 to $120.00 and gave the stock a “buy” rating in a research report on Thursday, March 10th. Zacks Investment Research raised shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating and set a $66.00 price target on the stock in a research report on Thursday, January 27th. Finally, Clarkson Capital cut shares of ZIM Integrated Shipping Services from a “buy” rating to a “neutral” rating in a report on Thursday, March 10th.

A number of institutional investors and hedge funds have recently made changes to their positions in ZIM. Acadian Asset Management LLC grew its position in shares of ZIM Integrated Shipping Services by 4.6% during the 4th quarter. Acadian Asset Management LLC now owns 4,762,800 shares of the company’s stock worth $280,267,000 after purchasing an additional 208,276 shares in the last quarter. Marshall Wace LLP grew its position in shares of ZIM Integrated Shipping Services by 204.8% during the 4th quarter. Marshall Wace LLP now owns 2,708,036 shares of the company’s stock worth $159,397,000 after purchasing an additional 1,819,550 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of ZIM Integrated Shipping Services by 398.7% during the 3rd quarter. Renaissance Technologies LLC now owns 2,343,938 shares of the company’s stock worth $118,838,000 after purchasing an additional 1,873,972 shares in the last quarter. Phoenix Holdings Ltd. grew its position in shares of ZIM Integrated Shipping Services by 7.0% during the 4th quarter. Phoenix Holdings Ltd. now owns 2,104,521 shares of the company’s stock worth $123,809,000 after purchasing an additional 137,866 shares in the last quarter. Finally, Abrams Bison Investments LLC grew its position in shares of ZIM Integrated Shipping Services by 11.1% during the 4th quarter. Abrams Bison Investments LLC now owns 1,740,000 shares of the company’s stock worth $102,416,000 after purchasing an additional 173,800 shares in the last quarter. Institutional investors and hedge funds own 47.33% of the company’s stock.

ZIM opened at $66.16 on Friday. The stock has a market capitalization of $7.93 billion, a P/E ratio of 1.70 and a beta of 2.42. ZIM Integrated Shipping Services has a 12 month low of $33.30 and a 12 month high of $91.23. The firm’s fifty day simple moving average is $67.43 and its 200 day simple moving average is $61.42. The company has a current ratio of 1.84, a quick ratio of 1.80 and a debt-to-equity ratio of 0.50.

ZIM Integrated Shipping Services (NYSE:ZIMGet Rating) last issued its quarterly earnings results on Wednesday, March 9th. The company reported $14.17 EPS for the quarter, topping the consensus estimate of $13.65 by $0.52. ZIM Integrated Shipping Services had a net margin of 43.25% and a return on equity of 201.14%. The firm had revenue of $3.47 billion for the quarter, compared to analysts’ expectations of $3.44 billion. On average, equities research analysts predict that ZIM Integrated Shipping Services will post 36.8 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, April 4th. Investors of record on Wednesday, March 23rd were paid a $17.00 dividend. The ex-dividend date was Tuesday, March 22nd. This represents a $68.00 dividend on an annualized basis and a yield of 102.78%. ZIM Integrated Shipping Services’s dividend payout ratio (DPR) is currently 50.21%.

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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Analyst Recommendations for ZIM Integrated Shipping Services (NYSE:ZIM)

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