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

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) has been assigned a consensus recommendation of “Strong Sell” from the six research firms that are presently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a sell recommendation and two have given a hold recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $14.82.

Several research analysts have weighed in on the stock. Clarkson Capital downgraded shares of ZIM Integrated Shipping Services from a “buy” rating to a “neutral” rating and set a $20.00 price target on the stock. in a research report on Tuesday, May 20th. Jefferies Financial Group raised their price objective on shares of ZIM Integrated Shipping Services from $16.00 to $17.00 and gave the company a “hold” rating in a research report on Tuesday, May 20th. Bank of America cut their target price on shares of ZIM Integrated Shipping Services from $16.00 to $12.80 and set an “underperform” rating for the company in a research note on Friday, April 11th. Finally, Barclays raised their target price on shares of ZIM Integrated Shipping Services from $14.20 to $14.80 and gave the company an “underweight” rating in a research note on Friday, June 27th.

Institutional Trading of ZIM Integrated Shipping Services

A number of institutional investors and hedge funds have recently bought and sold shares of ZIM. Raymond James Financial Inc. acquired a new stake in ZIM Integrated Shipping Services during the 4th quarter worth approximately $1,771,000. HighTower Advisors LLC grew its position in ZIM Integrated Shipping Services by 20.5% in the fourth quarter. HighTower Advisors LLC now owns 12,246 shares of the company’s stock valued at $263,000 after acquiring an additional 2,080 shares in the last quarter. Swiss National Bank grew its position in ZIM Integrated Shipping Services by 8.2% in the fourth quarter. Swiss National Bank now owns 204,700 shares of the company’s stock valued at $4,395,000 after acquiring an additional 15,600 shares in the last quarter. Skandinaviska Enskilda Banken AB publ acquired a new stake in ZIM Integrated Shipping Services in the fourth quarter valued at approximately $764,000. Finally, Commonwealth Equity Services LLC grew its position in ZIM Integrated Shipping Services by 46.8% in the fourth quarter. Commonwealth Equity Services LLC now owns 39,702 shares of the company’s stock valued at $852,000 after acquiring an additional 12,657 shares in the last quarter. Institutional investors and hedge funds own 21.42% of the company’s stock.

ZIM Integrated Shipping Services Stock Performance

ZIM Integrated Shipping Services stock opened at $15.78 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.18 and a debt-to-equity ratio of 1.16. The company has a market capitalization of $1.90 billion, a PE ratio of 0.81, a P/E/G ratio of 0.27 and a beta of 1.76. The firm has a fifty day simple moving average of $16.61 and a two-hundred day simple moving average of $17.41. ZIM Integrated Shipping Services has a twelve month low of $11.04 and a twelve month high of $30.15.

ZIM Integrated Shipping Services (NYSE:ZIM) last released its quarterly earnings data on Monday, May 19th. The company reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter in the previous year, the company earned $0.75 earnings per share. Research analysts expect that ZIM Integrated Shipping Services will post 16.75 EPS for the current year.

ZIM Integrated Shipping Services Dividend Announcement

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