ZIM Integrated Shipping Services (NYSE:ZIM) Stock Price Expected to Rise, Barclays Analyst Says

ZIM Integrated Shipping Services (NYSE:ZIM) had its target price upped by Barclays from $14.20 to $14.80 in a research report released on Friday morning,Benzinga reports. The firm currently has an underweight rating on the stock.

Several other equities analysts have also recently issued reports on ZIM. Clarkson Capital cut shares of ZIM Integrated Shipping Services from a “buy” rating to a “neutral” rating and set a $20.00 target price for the company. in a research note on Tuesday, May 20th. Jefferies Financial Group lifted their price objective on shares of ZIM Integrated Shipping Services from $16.00 to $17.00 and gave the company a “hold” rating in a report on Tuesday, May 20th. Bank of America lowered their target price on shares of ZIM Integrated Shipping Services from $16.00 to $12.80 and set an “underperform” rating on the stock in a research note on Friday, April 11th. Finally, JPMorgan Chase & Co. dropped their target price on ZIM Integrated Shipping Services from $10.00 to $9.50 and set an “underweight” rating on the stock in a research report on Friday, March 7th. Four analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of $14.82.

ZIM Integrated Shipping Services Price Performance

NYSE:ZIM opened at $16.55 on Friday. The firm’s fifty day moving average is $16.38 and its two-hundred day moving average is $17.53. The firm has a market cap of $1.99 billion, a price-to-earnings ratio of 0.85, a PEG ratio of 0.27 and a beta of 1.83. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.10 and a current ratio of 1.18. ZIM Integrated Shipping Services has a one year low of $11.04 and a one year high of $30.15.

ZIM Integrated Shipping Services (NYSE:ZIM) last issued its earnings results on Monday, May 19th. The company reported $2.45 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.56. The firm had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.84 billion. ZIM Integrated Shipping Services had a return on equity of 63.46% and a net margin of 26.52%. During the same quarter in the prior year, the business earned $0.75 earnings per share. Research analysts expect that ZIM Integrated Shipping Services will post 16.75 EPS for the current year.

ZIM Integrated Shipping Services Dividend Announcement

The business also recently declared a dividend, which was paid on Monday, June 9th. Investors of record on Tuesday, June 3rd were issued a $0.74 dividend. This represents a yield of 16.96%. The ex-dividend date was Monday, June 2nd. ZIM Integrated Shipping Services’s payout ratio is presently 4.76%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Truist Financial Corp increased its stake in ZIM Integrated Shipping Services by 10.2% during the 4th quarter. Truist Financial Corp now owns 14,804 shares of the company’s stock worth $318,000 after buying an additional 1,376 shares in the last quarter. U S Global Investors Inc. acquired a new stake in shares of ZIM Integrated Shipping Services in the fourth quarter worth approximately $345,000. SBI Securities Co. Ltd. purchased a new stake in shares of ZIM Integrated Shipping Services during the fourth quarter worth approximately $1,294,000. Raymond James Financial Inc. purchased a new stake in shares of ZIM Integrated Shipping Services during the fourth quarter worth approximately $1,771,000. Finally, HighTower Advisors LLC raised its stake in ZIM Integrated Shipping Services by 20.5% in the 4th quarter. HighTower Advisors LLC now owns 12,246 shares of the company’s stock valued at $263,000 after purchasing an additional 2,080 shares during the last quarter. 21.42% of the stock is owned by hedge funds and other institutional investors.

ZIM Integrated Shipping Services Company Profile

ZIM Integrated Shipping Services Ltd., together with its subsidiaries, provides container shipping and related services in Israel and internationally. It provides door-to-door and port-to-port transportation services for various types of customers, including end-users, consolidators, and freight forwarders.