Brokerages Set ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) PT at $15.13

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) has been assigned a consensus rating of “Reduce” from the nine analysts that are covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $15.1286.

A number of brokerages have weighed in on ZIM. Fearnley Fonds raised ZIM Integrated Shipping Services from a “strong sell” rating to a “hold” rating in a research report on Friday, December 19th. Wall Street Zen upgraded ZIM Integrated Shipping Services from a “sell” rating to a “hold” rating in a research note 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. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $21.00 price target on shares of ZIM Integrated Shipping Services in a report on Wednesday, January 14th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of ZIM Integrated Shipping Services in a research report on Wednesday, October 8th.

Institutional Investors Weigh In On ZIM Integrated Shipping Services

Institutional investors have recently made changes to their positions in the company. PFG Investments LLC grew its position in shares of ZIM Integrated Shipping Services by 132.8% in the fourth quarter. PFG Investments LLC now owns 79,791 shares of the company’s stock valued at $1,694,000 after purchasing an additional 45,514 shares during the last quarter. Y.D. More Investments Ltd grew its holdings in ZIM Integrated Shipping Services by 378,174.5% in the 4th quarter. Y.D. More Investments Ltd now owns 3,782,745 shares of the company’s stock valued at $80,308,000 after buying an additional 3,781,745 shares in the last quarter. Unison Advisors LLC bought a new position in ZIM Integrated Shipping Services during the 4th quarter worth $594,000. Lodestone Wealth Management LLC bought a new position in ZIM Integrated Shipping Services during the 4th quarter worth $29,000. Finally, Affinity Wealth Management LLC acquired a new stake in shares of ZIM Integrated Shipping Services during the fourth quarter worth $201,000. Institutional investors own 21.42% of the company’s stock.

ZIM Integrated Shipping Services Stock Performance

Shares of ZIM stock opened at $22.94 on Thursday. The stock has a market cap of $2.76 billion, a P/E ratio of 2.76 and a beta of 1.70. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.30 and a quick ratio of 1.22. The company has a fifty day moving average price of $20.52 and a two-hundred day moving average price of $16.80. ZIM Integrated Shipping Services has a one year low of $11.03 and a one year high of $24.47.

ZIM Integrated Shipping Services (NYSE:ZIM) last released its quarterly earnings data on Thursday, November 20th. The company reported $1.02 earnings per share for the quarter, missing the consensus estimate of $1.67 by ($0.65). The firm had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.74 billion. ZIM Integrated Shipping Services had a return on equity of 25.18% and a net margin of 13.22%. As a group, equities analysts predict that ZIM Integrated Shipping Services will post 16.75 EPS for the current year.

ZIM Integrated Shipping Services Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 8th. Investors of record on Monday, December 1st were paid a $0.31 dividend. This is an increase from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.06. The ex-dividend date was Monday, December 1st. This represents a $1.24 dividend on an annualized basis and a yield of 5.4%. ZIM Integrated Shipping Services’s dividend payout ratio (DPR) is currently 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.