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S&P 500   5,149.42
DOW   38,790.43
QQQ   437.48
3 Large-Cap Stocks Buying Back Shares Aggressively
Semis, Nvidia Set for Big Moves as GTC Conference Kicks Off
Here’s Why Bitcoin Miners Stopped Rising With Bitcoin Prices
2 Deep Value, High Yield Stocks With a Double-Digit Upside
3 Stocks About to Boom on Unusual Call Option Volume
How major US stock indexes fared Monday, 3/18/2024
Oil Prices Up Again, Should You Buy This Time?
S&P 500   5,149.42
DOW   38,790.43
QQQ   437.48
3 Large-Cap Stocks Buying Back Shares Aggressively
Semis, Nvidia Set for Big Moves as GTC Conference Kicks Off
Here’s Why Bitcoin Miners Stopped Rising With Bitcoin Prices
2 Deep Value, High Yield Stocks With a Double-Digit Upside
3 Stocks About to Boom on Unusual Call Option Volume
How major US stock indexes fared Monday, 3/18/2024
Oil Prices Up Again, Should You Buy This Time?
S&P 500   5,149.42
DOW   38,790.43
QQQ   437.48
3 Large-Cap Stocks Buying Back Shares Aggressively
Semis, Nvidia Set for Big Moves as GTC Conference Kicks Off
Here’s Why Bitcoin Miners Stopped Rising With Bitcoin Prices
2 Deep Value, High Yield Stocks With a Double-Digit Upside
3 Stocks About to Boom on Unusual Call Option Volume
How major US stock indexes fared Monday, 3/18/2024
Oil Prices Up Again, Should You Buy This Time?
NYSE:ZIM

ZIM Integrated Shipping Services (ZIM) Stock Price, News & Analysis

$9.54
+0.09 (+0.95%)
(As of 03/18/2024 ET)
Today's Range
$9.22
$9.64
50-Day Range
$9.29
$15.00
52-Week Range
$6.39
$25.12
Volume
4.01 million shs
Average Volume
5.44 million shs
Market Capitalization
$1.15 billion
P/E Ratio
N/A
Dividend Yield
67.12%
Price Target
$10.43

ZIM Integrated Shipping Services MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.75 Rating Score
Upside/​Downside
9.3% Upside
$10.43 Price Target
Short Interest
Bearish
29.20% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.23mentions of ZIM Integrated Shipping Services in the last 14 days
Based on 25 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Decreasing
From $1.45 to ($3.17) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.24 out of 5 stars

Transportation Sector

112th out of 122 stocks

Deep Sea Foreign Transportation Of Freight Industry

28th out of 29 stocks

ZIM stock logo

About ZIM Integrated Shipping Services Stock (NYSE:ZIM)

ZIM Integrated Shipping Services Ltd. is a relatively new company with a long history. The company was originally formed in 1947 by a trio of Israeli-oriented agencies and called the Zim Palestinian Navigation Company. The word Zim is a derivative of the Hebrew word for “fleet of ships” as described in Numbers 24:24. In 1948, after the establishment of the state of Israel, the company was renamed Zim Israeli Navigation Company and it proceeded to transport immigrants and supplies to the fledgling nation.

The early years were spent transporting goods and people to and from the state of Israel but expansion began in the 1950s. At the time, the company was focused on both people and cargo but passenger lines were phased out due to increasing competition from airlines. By the 1970s, the company was only transporting cargo and then, during the 1970s, it began to focus on containers and intermodal container shipping.

Early plans for an IPO were dashed by the 2008 global financial crisis and then, in 2009, a needed cash injection resulted in a majority sale to the Ofer family which retains a large share to this day. The cash injection and restructuring allowed the company to survive, which is the salient point, and then in 2014, it underwent another restructuring. The company did not come to the public market until 2021 at which time it changed its name to ZIM Integrated Shipping Services. The stock now trades on the NYSE under the ticker ZIM. In March 2021 the company reported record revenue and profits.

Today, Zim, with its network of subsidiaries, is a top-20 shipper globally. The company is a leader in container shipping and ranked 10th in that field. The company provides a range of services that include door-to-door and port-to-port transportation of goods for customers of all varieties. The company’s fleet size tends to vary with business, it owns a number of ships but contracts out for more as necessary.

The company also offers ZIMonitor, a premium reefer cargo tracking service as well as a host of other value-added digitized services. As of 2022, the company had operations in more than 100 countries and served more than 350 ports of call. The largest ship in the fleet is the Maersk Yukon which is registered in Singapore. Its gross tonnage is more than 114,000 tonnes, it is 349 meters long and more than 45 meters wide. Customers using Zim can schedule their shipping needs on a point-to-point, by vessel, by port or by carrier basis.

ZIM Stock Price History

ZIM Stock News Headlines

This Freight Stock Just Got an Upgrade and Institutional Buyers (ZIM)
Shipping and freight quotes are on the rise, futures traders are leading the way to a highly expected earnings cycle for the space. ZIM Integrated is a top pick
This Freight Stock Just Got an Upgrade and Institutional Buyers
Investment houses like The Goldman Sachs Group Inc. NYSE: GS have an average winning ratio of over 85% in their trading business. You can wonder how they achieve these results, or you can rest assured that their idea-generation process relies heavily on a “top-down” analysis.
AI Cracks Open Largest Untapped Energy Reserve on Earth
This orb represents the largest untapped energy source in the world… And although this energy resource is unknown by 99% of the public… It makes gas, coal, oil, wind, hydropower, solar, fusion… 
ZIM Integrated: Potential To Double In 2024
ZIM Integrated Shipping Services (NYSE:ZIM) Trading Up 3.3%
AI Cracks Open Largest Untapped Energy Reserve on Earth
This orb represents the largest untapped energy source in the world… And although this energy resource is unknown by 99% of the public… It makes gas, coal, oil, wind, hydropower, solar, fusion… 
20 Countries With the Longest Coastlines in the World
ZIM Integrated Shipping Services: Not A Binary Outcome
See More Headlines
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Company Calendar

Last Earnings
5/22/2023
Today
3/19/2024
Next Earnings (Estimated)
5/27/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Deep sea foreign transportation of freight
Sub-Industry
N/A
Fax
N/A
Employees
4,830
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$10.43
High Stock Price Target
$20.00
Low Stock Price Target
$5.00
Potential Upside/Downside
+9.3%
Consensus Rating
Reduce
Rating Score (0-4)
1.75
Research Coverage
4 Analysts

Profitability

Net Income
$-2,695,600,000.00
Pretax Margin
-54.54%

Debt

Sales & Book Value

Annual Sales
$5.16 billion
Cash Flow
$7.22 per share
Book Value
$20.45 per share

Miscellaneous

Free Float
118,757,000
Market Cap
$1.15 billion
Optionable
Not Optionable
Beta
1.89
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Key Executives

  • Mr. Eliyahu Glickman (Age 63)
    President & CEO
  • Mr. Xavier Destriau (Age 51)
    Executive VP & CFO
  • Mr. David Alteras Arbel (Age 64)
    Executive VP & COO
  • Mr. Eyal Ben-Amram (Age 61)
    Executive VP & Chief Information Officer
  • Ms. Elana Holzman
    Head of Investor Relations
  • Mr. Noam Nativ (Age 53)
    Executive VP, General Counsel & Company Secretary
  • Mr. Yair Teitelbaum
    Executive Vice President of Global Sales
  • Mr. Guillermo Codner (Age 56)
    Executive Vice President of HR & Organization
  • Mr. Saar Dotan (Age 54)
    Executive Vice President of Countries & Business Development
  • Mr. Nissim Yochai (Age 65)
    Executive Vice President of ZIM USA President

ZIM Stock Analysis - Frequently Asked Questions

Should I buy or sell ZIM Integrated Shipping Services stock right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for ZIM Integrated Shipping Services in the last twelve months. There are currently 2 sell ratings, 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" ZIM shares.
View ZIM analyst ratings
or view top-rated stocks.

What is ZIM Integrated Shipping Services' stock price target for 2024?

4 brokerages have issued twelve-month price objectives for ZIM Integrated Shipping Services' stock. Their ZIM share price targets range from $5.00 to $20.00. On average, they expect the company's stock price to reach $10.43 in the next year. This suggests a possible upside of 9.3% from the stock's current price.
View analysts price targets for ZIM
or view top-rated stocks among Wall Street analysts.

How have ZIM shares performed in 2024?

ZIM Integrated Shipping Services' stock was trading at $9.87 at the start of the year. Since then, ZIM stock has decreased by 3.4% and is now trading at $9.5350.
View the best growth stocks for 2024 here
.

When is ZIM Integrated Shipping Services' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, May 27th 2024.
View our ZIM earnings forecast
.

How were ZIM Integrated Shipping Services' earnings last quarter?

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) posted its quarterly earnings data on Monday, May, 22nd. The company reported ($0.50) EPS for the quarter, missing analysts' consensus estimates of ($0.18) by $0.32. The company had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.56 billion. ZIM Integrated Shipping Services had a negative net margin of 52.22% and a negative trailing twelve-month return on equity of 16.29%. During the same quarter in the prior year, the firm earned $14.19 EPS.

Is ZIM Integrated Shipping Services a good dividend stock?

ZIM Integrated Shipping Services (NYSE:ZIM) pays an annual dividend of $6.40 per share and currently has a dividend yield of 67.72%. ZIM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for ZIM.

What ETFs hold ZIM Integrated Shipping Services' stock?
When did ZIM Integrated Shipping Services IPO?

(ZIM) raised $306 million in an initial public offering (IPO) on Thursday, January 28th 2021. The company issued 17,500,000 shares at $16.00-$19.00 per share. Citigroup, Goldman Sachs, Barclays, Jefferies and Clarksons Plateau Securities acted as the underwriters for the IPO.

Who are ZIM Integrated Shipping Services' major shareholders?

ZIM Integrated Shipping Services' stock is owned by many different institutional and retail investors. Top institutional investors include Citadel Advisors LLC (0.00%), Goldman Sachs Group Inc. (0.00%), Goldman Sachs Group Inc. (0.00%), Charles Schwab Investment Management Inc. (0.43%), Balyasny Asset Management L.P. (0.42%) and Simplex Trading LLC (0.00%).

How do I buy shares of ZIM Integrated Shipping Services?

Shares of ZIM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:ZIM) was last updated on 3/19/2024 by MarketBeat.com Staff

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