Analysts Set ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Target Price at $15.13

Shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) have received an average rating of “Reduce” from the nine ratings firms that are currently covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $15.1286.

A number of equities research analysts have issued reports on ZIM shares. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $21.00 target price on shares of ZIM Integrated Shipping Services in a research report on Wednesday, January 14th. Weiss Ratings restated a “hold (c)” rating on shares of ZIM Integrated Shipping Services in a research note on Wednesday, October 8th. UBS Group set a $9.70 price objective on shares of ZIM Integrated Shipping Services in a report on Monday, November 24th. Fearnley Fonds upgraded shares of ZIM Integrated Shipping Services from a “strong sell” rating to a “hold” rating in a research note on Friday, December 19th. Finally, Barclays lifted their target price on shares of ZIM Integrated Shipping Services from $13.30 to $13.70 and gave the stock an “underweight” rating in a report on Friday, December 19th.

ZIM Integrated Shipping Services Trading Up 0.3%

Shares of NYSE:ZIM opened at $22.14 on Thursday. The company has a current ratio of 1.30, a quick ratio of 1.22 and a debt-to-equity ratio of 1.12. The stock has a market capitalization of $2.67 billion, a PE ratio of 2.66 and a beta of 1.70. ZIM Integrated Shipping Services has a 1 year low of $11.03 and a 1 year high of $24.47. The firm has a fifty day moving average price of $20.40 and a 200 day moving average price of $16.74.

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

ZIM Integrated Shipping Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 8th. Investors of record on Monday, December 1st were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a $1.24 annualized dividend and a dividend yield of 5.6%. This is a boost from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.06. ZIM Integrated Shipping Services’s payout ratio is presently 2.88%.

Hedge Funds Weigh In On ZIM Integrated Shipping Services

A number of institutional investors and hedge funds have recently bought and sold shares of ZIM. Y.D. More Investments Ltd raised its position in ZIM Integrated Shipping Services by 378,174.5% in the fourth quarter. Y.D. More Investments Ltd now owns 3,782,745 shares of the company’s stock worth $80,308,000 after purchasing an additional 3,781,745 shares in the last quarter. Unison Advisors LLC acquired a new stake in ZIM Integrated Shipping Services during the fourth quarter valued at approximately $594,000. Lodestone Wealth Management LLC bought a new stake in shares of ZIM Integrated Shipping Services in the 4th quarter valued at approximately $29,000. Affinity Wealth Management LLC acquired a new position in shares of ZIM Integrated Shipping Services in the 4th quarter worth approximately $201,000. Finally, Baron Wealth Management LLC acquired a new position in ZIM Integrated Shipping Services during the fourth quarter worth $202,000. Institutional investors own 21.42% of the company’s stock.

About ZIM Integrated Shipping Services

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.