ZIM Integrated Shipping Services (NYSE:ZIM) Upgraded at Fearnley Fonds

Fearnley Fonds upgraded shares of ZIM Integrated Shipping Services (NYSE:ZIM) from a strong sell rating to a hold rating in a research note published on Friday,Zacks.com reports.

ZIM has been the topic of a number of other reports. UBS Group set a $9.70 price objective on shares of ZIM Integrated Shipping Services in a research report on Monday, November 24th. Barclays raised their price objective on shares of ZIM Integrated Shipping Services from $13.30 to $13.70 and gave the stock an “underweight” rating in a report on Friday. Weiss Ratings reiterated a “hold (c)” rating on shares of ZIM Integrated Shipping Services in a report on Wednesday, October 8th. Wall Street Zen upgraded ZIM Integrated Shipping Services from a “sell” rating to a “hold” rating in a research note on Friday, November 28th. Finally, Jefferies Financial Group lifted their price target on 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. Four investment analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $14.15.

ZIM Integrated Shipping Services Price Performance

Shares of NYSE:ZIM opened at $19.24 on Friday. The firm has a market capitalization of $2.32 billion, a PE ratio of 2.31 and a beta of 1.70. The company has a quick ratio of 1.22, a current ratio of 1.30 and a debt-to-equity ratio of 1.12. The company has a 50-day moving average price of $16.78 and a two-hundred day moving average price of $15.85. ZIM Integrated Shipping Services has a twelve month low of $11.03 and a twelve month high of $23.61.

ZIM Integrated Shipping Services (NYSE:ZIM) last issued its quarterly earnings data on Thursday, November 20th. The company reported $1.02 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $1.78 billion for the quarter, compared to analysts’ expectations of $1.74 billion. Equities 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 disclosed a quarterly dividend, which was paid on Monday, December 8th. Shareholders of record on Monday, December 1st were issued a $0.31 dividend. The ex-dividend date of this dividend was Monday, December 1st. This is a positive change 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 6.4%. ZIM Integrated Shipping Services’s dividend payout ratio is presently 2.88%.

Institutional Trading of ZIM Integrated Shipping Services

A number of institutional investors and hedge funds have recently modified their holdings of the stock. VestGen Advisors LLC acquired a new stake in ZIM Integrated Shipping Services in the 2nd quarter valued at approximately $2,075,000. Global Retirement Partners LLC acquired a new position in ZIM Integrated Shipping Services during the 2nd quarter worth about $570,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in ZIM Integrated Shipping Services during the 1st quarter valued at about $8,112,000. Leuthold Group LLC purchased a new position in ZIM Integrated Shipping Services during the 2nd quarter valued at about $205,000. Finally, Y Intercept Hong Kong Ltd grew its position in ZIM Integrated Shipping Services by 262.3% in the 2nd quarter. Y Intercept Hong Kong Ltd now owns 328,041 shares of the company’s stock valued at $5,278,000 after acquiring an additional 237,506 shares in the last quarter. Hedge funds and other institutional investors own 21.42% of the company’s stock.

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.