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

Shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) have been given an average rating of “Reduce” by the nine analysts that are covering the company, Marketbeat Ratings reports. Three 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 target price among brokers that have issued a report on the stock in the last year is $17.4750.

Several research analysts have recently commented on the company. Barclays lifted their target price on ZIM Integrated Shipping Services from $13.70 to $15.80 and gave the stock an “underweight” rating in a research note on Monday. Citigroup upgraded ZIM Integrated Shipping Services from a “sell” rating to a “neutral” rating and increased their price target for the company from $11.50 to $31.80 in a research note on Thursday, February 19th. Wall Street Zen raised shares of ZIM Integrated Shipping Services from a “sell” rating to a “hold” rating in a research report on Friday, November 28th. Weiss Ratings downgraded shares of ZIM Integrated Shipping Services from a “buy (b-)” rating to a “hold (c-)” rating in a report on Tuesday, March 10th. Finally, UBS Group set a $9.70 price objective on shares of ZIM Integrated Shipping Services in a research report on Monday, November 24th.

Institutional Investors Weigh In On ZIM Integrated Shipping Services

Institutional investors have recently made changes to their positions in the company. Clal Insurance Enterprises Holdings Ltd acquired a new position in shares of ZIM Integrated Shipping Services in the fourth quarter valued at approximately $89,845,000. Y.D. More Investments Ltd lifted its holdings in ZIM Integrated Shipping Services by 378,174.5% during the 4th 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 during the last quarter. Arrowstreet Capital Limited Partnership boosted 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 purchasing an additional 2,508,432 shares during the period. BNP Paribas Financial Markets boosted its stake in ZIM Integrated Shipping Services by 29,305.7% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,310,614 shares of the company’s stock valued at $21,088,000 after purchasing an additional 1,306,157 shares during the period. Finally, Yelin Lapidot Holdings Management Ltd. grew its holdings in ZIM Integrated Shipping Services by 96.7% in the 3rd quarter. Yelin Lapidot Holdings Management Ltd. now owns 2,422,986 shares of the company’s stock valued at $32,831,000 after buying an additional 1,191,480 shares in the last quarter. Institutional investors own 21.42% of the company’s stock.

ZIM Integrated Shipping Services Stock Up 2.6%

Shares of ZIM stock opened at $27.41 on Friday. ZIM Integrated Shipping Services has a 52-week low of $11.03 and a 52-week high of $29.97. The stock has a market cap of $3.30 billion, a price-to-earnings ratio of 6.89 and a beta of 1.56. The firm’s 50-day moving average is $24.69 and its 200-day moving average is $19.31. 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 posted its quarterly earnings results on Monday, March 9th. The company reported ($0.58) EPS for the quarter, topping analysts’ consensus estimates of ($1.01) by $0.43. The business had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.54 billion. ZIM Integrated Shipping Services had a return on equity of 9.33% and a net margin of 6.94%. Sell-side analysts predict that ZIM Integrated Shipping Services will post 16.75 EPS for the current year.

ZIM Integrated Shipping Services Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Friday, March 20th will be issued a $0.88 dividend. The ex-dividend date of this dividend is Friday, March 20th. This represents a $3.52 annualized dividend and a yield of 12.8%. This is an increase from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.31. ZIM Integrated Shipping Services’s payout ratio is currently 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.