ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Given Average Rating of “Reduce” by Analysts

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) has received an average rating of “Reduce” from the nine ratings firms that are presently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $17.4750.

A number of analysts have commented on the stock. Jefferies Financial Group upped their price target on shares of ZIM Integrated Shipping Services from $15.00 to $20.00 and gave the company a “hold” rating in a research report on Monday, December 8th. Barclays upped their price objective on shares of ZIM Integrated Shipping Services from $13.70 to $15.80 and gave the company an “underweight” rating in a report on Monday, March 16th. Citigroup upgraded shares of ZIM Integrated Shipping Services from a “sell” rating to a “neutral” rating and upped their price objective for the company from $11.50 to $31.80 in a report on Thursday, February 19th. The Goldman Sachs Group reiterated a “neutral” rating and set a $21.00 price objective on shares of ZIM Integrated Shipping Services in a report on Wednesday, January 14th. Finally, Weiss Ratings lowered shares of ZIM Integrated Shipping Services from a “buy (b-)” rating to a “hold (c-)” rating in a report on Tuesday, March 10th.

ZIM Integrated Shipping Services Stock Performance

NYSE ZIM opened at $26.30 on Tuesday. The firm’s fifty day moving average price is $25.82 and its two-hundred day moving average price is $20.54. The stock has a market cap of $3.17 billion, a PE ratio of 6.61 and a beta of 1.55. ZIM Integrated Shipping Services has a fifty-two week low of $11.03 and a fifty-two week high of $29.97. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.15 and a current ratio of 1.23.

ZIM Integrated Shipping Services (NYSE:ZIM) last issued its quarterly earnings data on Saturday, February 14th. The company reported $0.32 earnings per share for the quarter. ZIM Integrated Shipping Services had a net margin of 6.94% and a return on equity of 9.33%. The company had revenue of $1.48 billion for the quarter. On average, equities analysts expect 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 Thursday, March 26th. Stockholders of record on Friday, March 20th were issued a dividend of $0.88 per share. This is an increase from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.31. This represents a $3.52 annualized dividend and a dividend yield of 13.4%. The ex-dividend date was Friday, March 20th. ZIM Integrated Shipping Services’s dividend payout ratio (DPR) is currently 1.51%.

Institutional Investors Weigh In On ZIM Integrated Shipping Services

A number of institutional investors and hedge funds have recently made changes to their positions in ZIM. Hoey Investments Inc. purchased a new stake in ZIM Integrated Shipping Services in the 4th quarter valued at about $25,000. Lodestone Wealth Management LLC purchased a new position in shares of ZIM Integrated Shipping Services in the 4th quarter worth approximately $29,000. Quarry LP bought a new position in shares of ZIM Integrated Shipping Services in the third quarter valued at approximately $34,000. Huntington National Bank grew its holdings in shares of ZIM Integrated Shipping Services by 200,000.0% in the fourth quarter. Huntington National Bank now owns 2,001 shares of the company’s stock valued at $42,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Triumph Capital Management purchased a new stake in shares of ZIM Integrated Shipping Services during the third quarter valued at approximately $44,000. Institutional investors and hedge funds 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.