ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Given Consensus Rating of “Strong Sell” by Analysts

Shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) have received a consensus rating of “Strong Sell” from the seven research firms that are covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a sell recommendation and two have assigned a hold recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $14.88.

ZIM has been the topic of a number of research reports. Citigroup restated a “sell” rating on shares of ZIM Integrated Shipping Services in a report on Monday, August 11th. Wall Street Zen downgraded ZIM Integrated Shipping Services from a “hold” rating to a “sell” rating in a research note on Friday. JPMorgan Chase & Co. raised their target price on ZIM Integrated Shipping Services from $9.50 to $9.80 and gave the stock an “underweight” rating in a research note on Friday. Jefferies Financial Group reaffirmed a “hold” rating and issued a $17.00 target price on shares of ZIM Integrated Shipping Services in a research note on Wednesday, August 20th. Finally, Barclays raised their target price on ZIM Integrated Shipping Services from $14.20 to $14.80 and gave the stock an “underweight” rating in a research note on Friday, June 27th.

ZIM Integrated Shipping Services Trading Down 2.5%

Shares of ZIM stock opened at $14.3350 on Monday. The stock’s fifty day moving average is $16.14 and its two-hundred day moving average is $16.65. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.11 and a current ratio of 1.20. The firm has a market capitalization of $1.73 billion, a P/E ratio of 0.86, a PEG ratio of 0.19 and a beta of 1.75. ZIM Integrated Shipping Services has a fifty-two week low of $11.03 and a fifty-two week high of $30.15.

ZIM Integrated Shipping Services (NYSE:ZIM) last announced its quarterly earnings data on Wednesday, August 20th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $1.50 by ($1.31). The firm had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.84 billion. ZIM Integrated Shipping Services had a net margin of 23.37% and a return on equity of 50.61%. Research analysts expect that ZIM Integrated Shipping Services will post 16.75 earnings per share for the current fiscal year.

ZIM Integrated Shipping Services Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 9th. Shareholders of record on Tuesday, September 2nd will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.7%. ZIM Integrated Shipping Services’s dividend payout ratio (DPR) is presently 5.59%.

Institutional Trading of ZIM Integrated Shipping Services

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Goldman Sachs Group Inc. increased its position in shares of ZIM Integrated Shipping Services by 20.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,720,986 shares of the company’s stock worth $68,879,000 after purchasing an additional 788,514 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of ZIM Integrated Shipping Services by 134.9% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 4,368,287 shares of the company’s stock worth $70,286,000 after purchasing an additional 2,508,432 shares during the last quarter. American Century Companies Inc. increased its position in shares of ZIM Integrated Shipping Services by 15.4% during the 2nd quarter. American Century Companies Inc. now owns 2,632,099 shares of the company’s stock worth $42,350,000 after purchasing an additional 351,810 shares during the last quarter. Allianz Asset Management GmbH increased its position in shares of ZIM Integrated Shipping Services by 10.8% during the 2nd quarter. Allianz Asset Management GmbH now owns 1,546,383 shares of the company’s stock worth $24,881,000 after purchasing an additional 150,841 shares during the last quarter. Finally, Jump Financial LLC increased its position in shares of ZIM Integrated Shipping Services by 204.0% during the 2nd quarter. Jump Financial LLC now owns 1,536,092 shares of the company’s stock worth $24,716,000 after purchasing an additional 1,030,817 shares during the last quarter. 21.42% of the stock is owned by institutional investors and hedge funds.

ZIM Integrated Shipping Services Company Profile

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.