ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Receives Average Rating of “Reduce” from Brokerages

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) has been given an average recommendation of “Reduce” by the nine ratings firms that are covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $15.1286.

Several research firms have commented on ZIM. JPMorgan Chase & Co. reduced their price objective on ZIM Integrated Shipping Services from $9.70 to $8.70 and set an “underweight” rating on the stock in a report on Monday, December 1st. Jefferies Financial Group increased their price target on ZIM Integrated Shipping Services from $15.00 to $20.00 and gave the stock a “hold” rating in a research report on Monday, December 8th. UBS Group set a $9.70 price target on ZIM Integrated Shipping Services in a research note on Monday, November 24th. The Goldman Sachs Group restated a “neutral” rating and issued a $21.00 price objective on shares of ZIM Integrated Shipping Services in a report on Wednesday, January 14th. Finally, Fearnley Fonds upgraded shares of ZIM Integrated Shipping Services from a “strong sell” rating to a “hold” rating in a report on Friday, December 19th.

ZIM Integrated Shipping Services Trading Up 4.7%

ZIM stock opened at $22.18 on Monday. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.30 and a quick ratio of 1.22. ZIM Integrated Shipping Services has a 1-year low of $11.03 and a 1-year high of $24.47. The business has a 50 day simple moving average of $21.34 and a two-hundred day simple moving average of $17.37. The company has a market capitalization of $2.67 billion, a price-to-earnings ratio of 2.67 and a beta of 1.70.

ZIM Integrated Shipping Services (NYSE:ZIM) last posted its earnings results on Thursday, November 20th. The company reported $1.02 EPS for the quarter, missing analysts’ consensus estimates of $1.67 by ($0.65). The firm had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.74 billion. ZIM Integrated Shipping Services had a net margin of 13.22% and a return on equity of 25.18%. Research analysts anticipate that ZIM Integrated Shipping Services will post 16.75 EPS for the current fiscal year.

ZIM Integrated Shipping Services Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 8th. Investors of record on Monday, December 1st were given a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 5.6%. The ex-dividend date of this dividend was Monday, December 1st. This is an increase from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.06. ZIM Integrated Shipping Services’s payout ratio is 0.72%.

Institutional Trading of ZIM Integrated Shipping Services

Several large investors have recently made changes to their positions in ZIM. Lazard Asset Management LLC grew its position in shares of ZIM Integrated Shipping Services by 4.7% during the 3rd quarter. Lazard Asset Management LLC now owns 14,308 shares of the company’s stock valued at $194,000 after acquiring an additional 638 shares during the period. Kestra Private Wealth Services LLC grew its holdings in ZIM Integrated Shipping Services by 2.9% in the fourth quarter. Kestra Private Wealth Services LLC now owns 24,219 shares of the company’s stock valued at $514,000 after purchasing an additional 689 shares during the period. HUB Investment Partners LLC increased its position in shares of ZIM Integrated Shipping Services by 6.4% in the second quarter. HUB Investment Partners LLC now owns 11,920 shares of the company’s stock valued at $192,000 after buying an additional 722 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in 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 worth $222,000 after acquiring an additional 776 shares in the last quarter. Finally, Public Employees Retirement System of Ohio lifted its stake in ZIM Integrated Shipping Services by 1.2% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 95,400 shares of the company’s stock valued at $1,293,000 after buying an additional 1,100 shares in the last quarter. 21.42% of the stock is owned by hedge funds and other institutional investors.

ZIM Integrated Shipping Services Company Profile

ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) is a global container shipping company specializing in the transportation of dry cargo, refrigerated goods and special project cargo. The company operates a modern fleet of container vessels that call at major ports worldwide, offering scheduled liner services and tailored logistics solutions to exporters, importers and freight forwarders.

Founded in 1945 in Haifa, Israel, ZIM has grown from a regional carrier into a worldwide operator through a series of strategic partnerships, fleet expansions and network enhancements.