JPMorgan Chase & Co. Issues Positive Forecast for ZIM Integrated Shipping Services (NYSE:ZIM) Stock Price

ZIM Integrated Shipping Services (NYSE:ZIM) had its price objective hoisted by JPMorgan Chase & Co. from $9.80 to $10.00 in a research report report published on Tuesday,Benzinga reports. They currently have an underweight rating on the stock.

Other research analysts have also issued research reports about the stock. 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. Citigroup reiterated a “sell” rating on shares of ZIM Integrated Shipping Services in a research report on Monday, August 11th. Jefferies Financial Group restated a “hold” rating and set a $17.00 target price on shares of ZIM Integrated Shipping Services in a research note on Wednesday, August 20th. Finally, Barclays decreased their price target on ZIM Integrated Shipping Services from $14.80 to $13.30 and set an “underweight” rating on the stock in a research note on Thursday, August 28th. Two investment analysts have rated the stock with a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Strong Sell” and a consensus price target of $14.62.

ZIM Integrated Shipping Services Trading Down 0.6%

ZIM stock opened at $13.54 on Tuesday. ZIM Integrated Shipping Services has a one year low of $11.03 and a one year high of $30.15. The stock has a market cap of $1.63 billion, a price-to-earnings ratio of 0.81, a price-to-earnings-growth ratio of 0.16 and a beta of 1.74. The company has a fifty day moving average price of $14.96 and a two-hundred day moving average price of $15.53. 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 (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). ZIM Integrated Shipping Services had a return on equity of 50.61% and a net margin of 23.37%.The company had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.84 billion. Equities analysts anticipate that ZIM Integrated Shipping Services will post 16.75 EPS for the current year.

ZIM Integrated Shipping Services Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 9th. Stockholders of record on Tuesday, September 2nd were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $0.24 annualized dividend and a dividend yield of 1.8%. ZIM Integrated Shipping Services’s dividend payout ratio (DPR) is presently 1.44%.

Institutional Trading of ZIM Integrated Shipping Services

A number of institutional investors and hedge funds have recently bought and sold shares of ZIM. Legacy Investment Solutions LLC bought a new stake in shares of ZIM Integrated Shipping Services in the 2nd quarter valued at $26,000. New York State Common Retirement Fund acquired a new position in ZIM Integrated Shipping Services in the first quarter valued at $30,000. Edmond DE Rothschild Holding S.A. bought a new stake in ZIM Integrated Shipping Services during the second quarter valued at $37,000. Allworth Financial LP grew its holdings in ZIM Integrated Shipping Services by 230.6% during the 2nd quarter. Allworth Financial LP now owns 3,637 shares of the company’s stock worth $59,000 after acquiring an additional 2,537 shares during the period. Finally, Mark Sheptoff Financial Planning LLC raised its position in shares of ZIM Integrated Shipping Services by 206.7% in the 2nd quarter. Mark Sheptoff Financial Planning LLC now owns 4,600 shares of the company’s stock worth $74,000 after acquiring an additional 3,100 shares in the last quarter. 21.42% of the stock is currently 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.