ZIM Integrated Shipping Services (NYSE:ZIM) Given New $15.80 Price Target at Barclays

ZIM Integrated Shipping Services (NYSE:ZIM) had its target price boosted by Barclays from $13.70 to $15.80 in a research report released on Monday,Benzinga reports. They currently have an underweight rating on the stock.

Other analysts have also issued reports about the company. Weiss Ratings cut shares of ZIM Integrated Shipping Services from a “buy (b-)” rating to a “hold (c-)” rating in a research note on Tuesday, March 10th. Wall Street Zen raised ZIM Integrated Shipping Services from a “sell” rating to a “hold” rating in a research note on Friday, November 28th. JPMorgan Chase & Co. reduced their price target on ZIM Integrated Shipping Services from $9.70 to $8.70 and set an “underweight” rating on the stock in a research report on Monday, December 1st. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $21.00 price objective on shares of ZIM Integrated Shipping Services in a research note on Wednesday, January 14th. Finally, Fearnley Fonds upgraded ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 18th. One research analyst has rated the stock with a Strong Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, ZIM Integrated Shipping Services presently has an average rating of “Reduce” and a consensus price target of $17.48.

ZIM Integrated Shipping Services Stock Down 1.0%

Shares of ZIM opened at $26.72 on Monday. The firm has a market capitalization of $3.22 billion, a price-to-earnings ratio of 6.71 and a beta of 1.56. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.15 and a current ratio of 1.23. The business’s fifty day moving average price is $24.59 and its two-hundred day moving average price is $19.21. ZIM Integrated Shipping Services has a 52 week low of $11.03 and a 52 week high of $29.97.

ZIM Integrated Shipping Services (NYSE:ZIM) last released its earnings results on Monday, March 9th. The company reported ($0.58) EPS for the quarter, beating the consensus estimate of ($1.01) by $0.43. ZIM Integrated Shipping Services had a return on equity of 9.33% and a net margin of 6.94%.The company had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.54 billion. On average, analysts predict that ZIM Integrated Shipping Services will post 16.75 earnings per share for the current year.

ZIM Integrated Shipping Services Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Friday, March 20th will be paid a $0.88 dividend. The ex-dividend date of this dividend is Friday, March 20th. This represents a $3.52 annualized dividend and a dividend yield of 13.2%. This is a positive change from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.31. ZIM Integrated Shipping Services’s dividend payout ratio (DPR) is 1.51%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of ZIM. Clal Insurance Enterprises Holdings Ltd bought a new position in shares of ZIM Integrated Shipping Services during the fourth quarter worth about $89,845,000. Y.D. More Investments Ltd lifted its stake in ZIM Integrated Shipping Services by 378,174.5% in the 4th quarter. Y.D. More Investments Ltd now owns 3,782,745 shares of the company’s stock valued at $80,308,000 after acquiring an additional 3,781,745 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in ZIM Integrated Shipping Services by 134.9% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 4,368,287 shares of the company’s stock valued at $70,286,000 after acquiring an additional 2,508,432 shares in the last quarter. BNP Paribas Financial Markets boosted its position in ZIM Integrated Shipping Services by 29,305.7% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,310,614 shares of the company’s stock worth $21,088,000 after acquiring an additional 1,306,157 shares during the last quarter. Finally, Yelin Lapidot Holdings Management Ltd. boosted its position in ZIM Integrated Shipping Services by 96.7% during the 3rd quarter. Yelin Lapidot Holdings Management Ltd. now owns 2,422,986 shares of the company’s stock worth $32,831,000 after acquiring an additional 1,191,480 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. (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.