ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Receives $14.58 Consensus Target Price from Analysts

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) has been given a consensus rating of “Strong Sell” by the seven analysts that are covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a sell recommendation and two have issued a hold recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $14.58.

A number of analysts recently issued reports on the stock. Barclays decreased their price objective on shares of ZIM Integrated Shipping Services from $14.80 to $13.30 and set an “underweight” rating for the company in a report on Thursday, August 28th. Jefferies Financial Group restated a “hold” rating and set a $17.00 price objective on shares of ZIM Integrated Shipping Services in a report on Wednesday, August 20th. JPMorgan Chase & Co. raised their price objective on shares of ZIM Integrated Shipping Services from $9.50 to $9.80 and gave the stock an “underweight” rating in a report on Friday, August 22nd. Citigroup restated a “sell” rating on shares of ZIM Integrated Shipping Services in a report on Monday, August 11th. Finally, Wall Street Zen lowered shares of ZIM Integrated Shipping Services from a “hold” rating to a “sell” rating in a research report on Friday, August 22nd.

Hedge Funds Weigh In On ZIM Integrated Shipping Services

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Lazard Asset Management LLC boosted its position 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 period. HUB Investment Partners LLC boosted its position in ZIM Integrated Shipping Services by 6.4% during the second quarter. HUB Investment Partners LLC now owns 11,920 shares of the company’s stock worth $192,000 after purchasing an additional 722 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of ZIM Integrated Shipping Services by 6.0% in the second quarter. Envestnet Asset Management Inc. now owns 13,786 shares of the company’s stock valued at $222,000 after acquiring an additional 776 shares during the period. Aigen Investment Management LP boosted its position in shares of ZIM Integrated Shipping Services by 5.4% in the first quarter. Aigen Investment Management LP now owns 16,842 shares of the company’s stock valued at $246,000 after acquiring an additional 867 shares during the period. Finally, Regatta Capital Group LLC boosted its position in shares of ZIM Integrated Shipping Services by 7.6% in the first quarter. Regatta Capital Group LLC now owns 14,699 shares of the company’s stock valued at $214,000 after acquiring an additional 1,040 shares during the period. Institutional investors own 21.42% of the company’s stock.

ZIM Integrated Shipping Services Stock Performance

Shares of ZIM stock opened at $14.39 on Friday. The firm has a 50-day moving average of $15.17 and a 200-day moving average of $15.77. The company has a market cap of $1.73 billion, a P/E ratio of 0.86, a P/E/G ratio of 0.17 and a beta of 1.74. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.20 and a quick ratio of 1.11. ZIM Integrated Shipping Services has a one year low of $11.03 and a one year high of $30.15.

ZIM Integrated Shipping Services (NYSE:ZIM) last announced its earnings results on Wednesday, August 20th. The company reported $0.19 EPS for the quarter, missing the consensus estimate 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%. Equities research analysts forecast that ZIM Integrated Shipping Services will post 16.75 EPS for the current fiscal year.

ZIM Integrated Shipping Services Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 9th. Shareholders of record on Tuesday, September 2nd were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Tuesday, September 2nd. ZIM Integrated Shipping Services’s dividend payout ratio (DPR) is currently 1.44%.

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.