ZIM Integrated Shipping Services (NYSE:ZIM) Stock Price Up 4.5% Following Analyst Upgrade

Shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) were up 4.5% on Friday after Barclays raised their price target on the stock from $14.20 to $14.80. Barclays currently has an underweight rating on the stock. ZIM Integrated Shipping Services traded as high as $16.58 and last traded at $16.38. Approximately 2,152,650 shares traded hands during trading, a decline of 65% from the average daily volume of 6,180,682 shares. The stock had previously closed at $15.67.

Several other research firms have also weighed in on ZIM. Bank of America dropped their price objective on shares of ZIM Integrated Shipping Services from $16.00 to $12.80 and set an “underperform” rating on the stock in a research note on Friday, April 11th. Clarkson Capital lowered ZIM Integrated Shipping Services from a “buy” rating to a “neutral” rating and set a $20.00 price objective on the stock. in a report on Tuesday, May 20th. JPMorgan Chase & Co. decreased their price target on shares of ZIM Integrated Shipping Services from $10.00 to $9.50 and set an “underweight” rating for the company in a report on Friday, March 7th. Finally, Jefferies Financial Group lifted their price target on ZIM Integrated Shipping Services from $16.00 to $17.00 and gave the stock a “hold” rating in a research report on Tuesday, May 20th. Four equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of $14.82.

Institutional Investors Weigh In On ZIM Integrated Shipping Services

A number of institutional investors have recently modified their holdings of ZIM. Lazard Asset Management LLC lifted its stake in ZIM Integrated Shipping Services by 4.9% during the fourth quarter. Lazard Asset Management LLC now owns 15,443 shares of the company’s stock worth $331,000 after purchasing an additional 722 shares during the last quarter. Aigen Investment Management LP raised its holdings in ZIM Integrated Shipping Services by 5.4% in the 1st quarter. Aigen Investment Management LP now owns 16,842 shares of the company’s stock valued at $246,000 after buying an additional 867 shares during the last quarter. Mark Sheptoff Financial Planning LLC raised its holdings in ZIM Integrated Shipping Services by 26.5% in the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 4,300 shares of the company’s stock valued at $92,000 after buying an additional 900 shares during the last quarter. Regatta Capital Group LLC raised its holdings in ZIM Integrated Shipping Services by 7.6% in the 1st quarter. Regatta Capital Group LLC now owns 14,699 shares of the company’s stock valued at $214,000 after buying an additional 1,040 shares during the last quarter. Finally, Altshuler Shaham Ltd raised its holdings in ZIM Integrated Shipping Services by 650.0% in the 4th quarter. Altshuler Shaham Ltd now owns 1,500 shares of the company’s stock valued at $32,000 after buying an additional 1,300 shares during the last quarter. Institutional investors own 21.42% of the company’s stock.

ZIM Integrated Shipping Services Trading Up 5.6%

The business’s fifty day moving average is $16.38 and its 200-day moving average is $17.53. The firm has a market cap of $1.99 billion, a P/E ratio of 0.85, a price-to-earnings-growth ratio of 0.27 and a beta of 1.83. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.10 and a current ratio of 1.18.

ZIM Integrated Shipping Services (NYSE:ZIM) last posted its earnings results on Monday, May 19th. The company reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.56. ZIM Integrated Shipping Services had a net margin of 26.52% and a return on equity of 63.46%. The firm had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same quarter in the prior year, the business posted $0.75 EPS. Analysts predict that ZIM Integrated Shipping Services Ltd. will post 16.75 EPS for the current year.

ZIM Integrated Shipping Services Announces Dividend

The firm also recently disclosed a dividend, which was paid on Monday, June 9th. Stockholders of record on Tuesday, June 3rd were paid a $0.74 dividend. The ex-dividend date was Monday, June 2nd. This represents a dividend yield of 16.96%. ZIM Integrated Shipping Services’s dividend payout ratio (DPR) is 4.76%.

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.