ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Receives $17.21 Consensus Price Target from Brokerages

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) has been assigned a consensus rating of “Reduce” from the nine brokerages that are covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $17.2125.

Several analysts recently weighed in on the stock. UBS Group set a $9.70 price objective on shares of ZIM Integrated Shipping Services in a research report on Monday, November 24th. Fearnley Fonds upgraded shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 18th. Barclays raised their price target on shares of ZIM Integrated Shipping Services from $13.30 to $13.70 and gave the company an “underweight” rating in a research note on Friday, December 19th. Weiss Ratings cut ZIM Integrated Shipping Services from a “buy (b-)” rating to a “hold (c-)” rating in a report on Tuesday, March 10th. Finally, Jefferies Financial Group boosted their price objective 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.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Hoey Investments Inc. bought a new stake in shares of ZIM Integrated Shipping Services during the fourth quarter valued at about $25,000. Lodestone Wealth Management LLC bought a new position in ZIM Integrated Shipping Services in the 4th quarter valued at about $29,000. Quarry LP bought a new position in ZIM Integrated Shipping Services in the 3rd quarter valued at about $34,000. Edmond DE Rothschild Holding S.A. acquired a new position in ZIM Integrated Shipping Services during the 2nd quarter valued at about $37,000. Finally, Huntington National Bank increased its stake in ZIM Integrated Shipping Services by 200,000.0% during the 4th quarter. Huntington National Bank now owns 2,001 shares of the company’s stock valued at $42,000 after buying an additional 2,000 shares during the period. Institutional investors own 21.42% of the company’s stock.

ZIM Integrated Shipping Services Price Performance

Shares of NYSE ZIM opened at $27.00 on Friday. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.23 and a quick ratio of 1.15. The firm has a market capitalization of $3.25 billion, a PE ratio of 6.78 and a beta of 1.56. ZIM Integrated Shipping Services has a 1-year low of $11.03 and a 1-year high of $29.97. The business’s fifty day moving average price is $24.47 and its two-hundred day moving average price is $19.12.

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

ZIM Integrated Shipping Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Friday, March 20th will be given a dividend of $0.88 per share. This is a boost from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.31. The ex-dividend date is Friday, March 20th. This represents a $3.52 dividend on an annualized basis and a yield of 13.0%. ZIM Integrated Shipping Services’s payout ratio is presently 1.51%.

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.