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

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

ZIM has been the topic of several recent analyst reports. Wall Street Zen upgraded shares of ZIM Integrated Shipping Services from a “sell” rating to a “hold” rating in a report on Friday, November 28th. UBS Group set a $9.70 price target on ZIM Integrated Shipping Services in a research note on Monday, November 24th. Jefferies Financial Group lifted their price objective on ZIM Integrated Shipping Services from $15.00 to $20.00 and gave the company a “hold” rating in a research note on Monday, December 8th. Weiss Ratings reissued a “hold (c)” rating on shares of ZIM Integrated Shipping Services in a research note on Wednesday, October 8th. Finally, Barclays lifted their target price on ZIM Integrated Shipping Services from $13.30 to $13.70 and gave the company an “underweight” rating in a research report on Friday, December 19th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Kestra Advisory Services LLC raised its position in ZIM Integrated Shipping Services by 13.6% in the 1st quarter. Kestra Advisory Services LLC now owns 56,426 shares of the company’s stock valued at $823,000 after purchasing an additional 6,756 shares in the last quarter. State of Wyoming increased its stake in shares of ZIM Integrated Shipping Services by 11.3% during the first quarter. State of Wyoming now owns 25,670 shares of the company’s stock worth $375,000 after buying an additional 2,602 shares during the period. Canada Pension Plan Investment Board raised its holdings in ZIM Integrated Shipping Services by 97.0% in the first quarter. Canada Pension Plan Investment Board now owns 202,295 shares of the company’s stock valued at $2,951,000 after acquiring an additional 99,632 shares in the last quarter. Vident Advisory LLC lifted its stake in ZIM Integrated Shipping Services by 113.2% in the first quarter. Vident Advisory LLC now owns 314,186 shares of the company’s stock worth $4,584,000 after acquiring an additional 166,848 shares during the last quarter. Finally, Graham Capital Management L.P. grew its holdings in ZIM Integrated Shipping Services by 2.8% during the 1st quarter. Graham Capital Management L.P. now owns 127,061 shares of the company’s stock worth $1,854,000 after acquiring an additional 3,501 shares in the last quarter. 21.42% of the stock is owned by institutional investors and hedge funds.

ZIM Integrated Shipping Services Stock Up 1.5%

Shares of NYSE:ZIM opened at $21.39 on Friday. The company has a market capitalization of $2.58 billion, a price-to-earnings ratio of 2.57 and a beta of 1.70. ZIM Integrated Shipping Services has a 12-month low of $11.03 and a 12-month high of $23.61. The business has a 50-day moving average price of $17.53 and a 200 day moving average price of $15.99. The company has a current ratio of 1.30, a quick ratio of 1.22 and a debt-to-equity ratio of 1.12.

ZIM Integrated Shipping Services (NYSE:ZIM) last posted its 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). The company had revenue of $1.78 billion during the quarter, compared to analyst estimates of $1.74 billion. ZIM Integrated Shipping Services had a net margin of 13.22% and a return on equity of 25.18%. Sell-side analysts expect that ZIM Integrated Shipping Services will post 16.75 EPS for the current year.

ZIM Integrated Shipping Services Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 8th. Shareholders of record on Monday, December 1st were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 5.8%. This is a positive change from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.06. The ex-dividend date was Monday, December 1st. ZIM Integrated Shipping Services’s payout ratio is presently 2.88%.

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.