ZIM Integrated Shipping Services’ (ZIM) Hold (C) Rating Reiterated at Weiss Ratings

Weiss Ratings reiterated their hold (c) rating on shares of ZIM Integrated Shipping Services (NYSE:ZIM) in a research note issued to investors on Friday morning,Weiss Ratings reports.

A number of other equities research analysts also recently issued reports on ZIM. JPMorgan Chase & Co. boosted their price objective on shares of ZIM Integrated Shipping Services from $9.80 to $10.00 and gave the company an “underweight” rating in a research report on Tuesday, September 30th. Citigroup reissued a “sell” rating on shares of ZIM Integrated Shipping Services in a research report on Monday, August 11th. Barclays cut 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 research report on Thursday, August 28th. Jefferies Financial Group reissued a “hold” rating and set a $17.00 price objective on shares of ZIM Integrated Shipping Services in a research report on Wednesday, August 20th. Finally, Wall Street Zen downgraded shares of ZIM Integrated Shipping Services from a “hold” rating to a “sell” rating in a research report on Friday, August 22nd. Three investment analysts have rated the stock with a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat, ZIM Integrated Shipping Services currently has a consensus rating of “Strong Sell” and an average target price of $14.62.

ZIM Integrated Shipping Services Price Performance

Shares of ZIM opened at $13.72 on Friday. The firm has a market cap of $1.65 billion, a PE ratio of 0.82 and a beta of 1.72. The company has a current ratio of 1.20, a quick ratio of 1.11 and a debt-to-equity ratio of 1.20. The firm has a fifty day simple moving average of $13.92 and a two-hundred day simple moving average of $15.30. ZIM Integrated Shipping Services has a 1-year low of $11.03 and a 1-year high of $30.15.

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

ZIM Integrated Shipping Services Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 9th. Investors of record on Tuesday, September 2nd were issued a $0.06 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $0.24 annualized dividend and a yield of 1.7%. ZIM Integrated Shipping Services’s dividend payout ratio is currently 1.44%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. HUB Investment Partners LLC boosted its holdings in ZIM Integrated Shipping Services by 6.4% in the 2nd quarter. HUB Investment Partners LLC now owns 11,920 shares of the company’s stock worth $192,000 after buying an additional 722 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of ZIM Integrated Shipping Services by 6.0% in the 2nd 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 last quarter. Aigen Investment Management LP raised its position 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 worth $246,000 after purchasing an additional 867 shares during the period. IHT Wealth Management LLC raised its position in ZIM Integrated Shipping Services by 4.7% in the 2nd quarter. IHT Wealth Management LLC now owns 26,385 shares of the company’s stock worth $425,000 after purchasing an additional 1,194 shares during the period. Finally, Legacy Investment Solutions LLC purchased a new stake in ZIM Integrated Shipping Services in the 2nd quarter worth about $26,000. Institutional investors own 21.42% of the company’s stock.

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.