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

Shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) have been given an average rating of “Reduce” by the nine brokerages that are presently covering the company, Marketbeat reports. Four research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $15.1286.

Several analysts have recently issued reports on ZIM shares. The Goldman Sachs Group reiterated a “neutral” rating and issued a $21.00 price objective on shares of ZIM Integrated Shipping Services in a research note on Wednesday, January 14th. Jefferies Financial Group upped their price target 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. JPMorgan Chase & Co. decreased their price objective on ZIM Integrated Shipping Services from $9.70 to $8.70 and set an “underweight” rating for the company in a research note on Monday, December 1st. Fearnley Fonds raised 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 shares of ZIM Integrated Shipping Services from a “sell” rating to a “hold” rating in a research note on Friday, November 28th.

Hedge Funds Weigh In On ZIM Integrated Shipping Services

A number of large investors have recently modified their holdings of the business. FORA Capital LLC acquired a new position in ZIM Integrated Shipping Services in the fourth quarter valued at $583,000. Kestra Advisory Services LLC boosted its position in shares of ZIM Integrated Shipping Services by 11.8% in the fourth quarter. Kestra Advisory Services LLC now owns 67,614 shares of the company’s stock worth $1,435,000 after buying an additional 7,152 shares during the period. Headlands Technologies LLC acquired a new stake in shares of ZIM Integrated Shipping Services in the fourth quarter valued at about $294,000. Integrated Wealth Concepts LLC purchased a new stake in shares of ZIM Integrated Shipping Services during the 4th quarter valued at about $390,000. Finally, Charles Schwab Investment Management Inc. lifted its position in ZIM Integrated Shipping Services by 20.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,432,355 shares of the company’s stock worth $30,409,000 after acquiring an additional 243,086 shares in the last quarter. 21.42% of the stock is owned by hedge funds and other institutional investors.

ZIM Integrated Shipping Services Stock Up 4.7%

Shares of NYSE:ZIM opened at $22.18 on Monday. The company has a market capitalization of $2.67 billion, a price-to-earnings ratio of 2.67 and a beta of 1.70. ZIM Integrated Shipping Services has a 12-month low of $11.03 and a 12-month high of $24.47. The business has a 50-day moving average price of $21.34 and a 200 day moving average price of $17.37. 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 announced its earnings results on Thursday, November 20th. The company reported $1.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.67 by ($0.65). The firm had revenue of $1.78 billion during the quarter, compared to analysts’ expectations 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 announced a quarterly dividend, which was paid on Monday, December 8th. Stockholders of record on Monday, December 1st were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 5.6%. 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. ZIM Integrated Shipping Services’s dividend payout ratio is presently 0.72%.

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.