ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Receives Consensus Recommendation of “Hold” from Analysts

Shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) have been given an average rating of “Hold” by the seven brokerages that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $17.8333.

Several research firms recently issued reports on ZIM. Fearnley Fonds upgraded shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 18th. Citigroup upgraded shares of ZIM Integrated Shipping Services from a “sell” rating to a “neutral” rating and boosted their target price for the company from $11.50 to $31.80 in a report on Thursday, February 19th. Barclays boosted their target price on shares of ZIM Integrated Shipping Services from $13.70 to $15.80 and gave the company an “underweight” rating in a report on Monday, March 16th. Finally, Weiss Ratings lowered shares of ZIM Integrated Shipping Services from a “buy (b-)” rating to a “hold (c-)” rating in a report on Tuesday, March 10th.

Institutional Investors Weigh In On ZIM Integrated Shipping Services

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Hoey Investments Inc. bought a new stake in ZIM Integrated Shipping Services in the fourth quarter valued at $25,000. Lodestone Wealth Management LLC bought a new stake in ZIM Integrated Shipping Services in the fourth quarter valued at $29,000. Huntington National Bank increased its stake in ZIM Integrated Shipping Services by 200,000.0% in the fourth quarter. Huntington National Bank now owns 2,001 shares of the company’s stock valued at $42,000 after purchasing an additional 2,000 shares in the last quarter. Assetmark Inc. bought a new stake in ZIM Integrated Shipping Services in the first quarter valued at $59,000. Finally, Quarry LP bought a new stake in ZIM Integrated Shipping Services in the third quarter valued at $34,000. 21.42% of the stock is owned by institutional investors.

ZIM Integrated Shipping Services Price Performance

ZIM stock opened at $25.23 on Wednesday. The firm has a market cap of $3.04 billion, a price-to-earnings ratio of 31.15 and a beta of 1.26. The company has a quick ratio of 1.09, a current ratio of 1.19 and a debt-to-equity ratio of 1.14. ZIM Integrated Shipping Services has a 12-month low of $12.33 and a 12-month high of $29.97. The company’s fifty day simple moving average is $26.25 and its 200 day simple moving average is $23.46.

ZIM Integrated Shipping Services (NYSE:ZIM) last released its earnings results on Wednesday, May 20th. The company reported ($0.72) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.50). The firm had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.48 billion. ZIM Integrated Shipping Services had a net margin of 1.56% and a negative return on equity of 0.26%. On average, analysts expect that ZIM Integrated Shipping Services will post -7.24 earnings per share for the current year.

ZIM Integrated Shipping Services Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Friday, March 20th were paid a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 14.0%. This is an increase from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Friday, March 20th. ZIM Integrated Shipping Services’s payout ratio is presently 7.41%.

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.