Brokerages Set ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Price Target at $14.15

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) has received a consensus rating of “Reduce” from the eight ratings firms that are currently covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a sell rating and four have issued a hold rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $14.15.

Several equities analysts have commented on the stock. Barclays raised their target price 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 reiterated a “hold (c)” rating on shares of ZIM Integrated Shipping Services in a report on Wednesday, October 8th. Jefferies Financial Group boosted their target price on ZIM Integrated Shipping Services from $15.00 to $20.00 and gave the stock a “hold” rating in a report on Monday, December 8th. Fearnley Fonds upgraded ZIM Integrated Shipping Services from a “strong sell” rating to a “hold” rating in a research report on Friday, December 19th. Finally, Wall Street Zen upgraded ZIM Integrated Shipping Services from a “sell” rating to a “hold” rating in a research report on Friday, November 28th.

ZIM Integrated Shipping Services Stock Up 1.3%

Shares of ZIM Integrated Shipping Services stock opened at $21.28 on Friday. 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 $23.61. The business’s fifty day moving average price is $18.13 and its two-hundred day moving average price is $16.11. The company has a market capitalization of $2.56 billion, a P/E ratio of 2.56 and a beta of 1.70.

ZIM Integrated Shipping Services (NYSE:ZIM) last issued its quarterly 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). ZIM Integrated Shipping Services had a net margin of 13.22% and a return on equity of 25.18%. The business had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.74 billion. As a group, research analysts forecast that ZIM Integrated Shipping Services will post 16.75 EPS for the current year.

ZIM Integrated Shipping Services Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 8th. Investors of record on Monday, December 1st were issued a dividend of $0.31 per share. 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. This represents a $1.24 dividend on an annualized basis and a yield of 5.8%. ZIM Integrated Shipping Services’s dividend payout ratio is presently 2.88%.

Hedge Funds Weigh In On ZIM Integrated Shipping Services

Large investors have recently made changes to their positions in the business. VestGen Advisors LLC bought a new position in shares of ZIM Integrated Shipping Services in the second quarter valued at $2,075,000. Global Retirement Partners LLC acquired a new position in shares of ZIM Integrated Shipping Services in the 2nd quarter worth $570,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of ZIM Integrated Shipping Services in the 1st quarter worth $8,112,000. Leuthold Group LLC acquired a new stake in shares of ZIM Integrated Shipping Services during the second quarter worth $205,000. Finally, Y Intercept Hong Kong Ltd lifted its holdings in shares of ZIM Integrated Shipping Services by 262.3% during the second quarter. Y Intercept Hong Kong Ltd now owns 328,041 shares of the company’s stock valued at $5,278,000 after purchasing an additional 237,506 shares during the last quarter. 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.