Barclays Lowers ZIM Integrated Shipping Services (NYSE:ZIM) Price Target to $13.00

ZIM Integrated Shipping Services (NYSE:ZIM – Get Rating) had its price target lowered by Barclays from $15.00 to $13.00 in a report published on Tuesday, The Fly reports.

A number of other equities analysts have also issued reports on the stock. TheStreet lowered shares of ZIM Integrated Shipping Services from a c- rating to a d+ rating in a research report on Wednesday, April 26th. Jefferies Financial Group restated a hold rating and set a $20.00 target price on shares of ZIM Integrated Shipping Services in a research report on Monday, March 13th. Finally, JPMorgan Chase & Co. lowered shares of ZIM Integrated Shipping Services from an overweight rating to a neutral rating and lowered their target price for the stock from $27.00 to $20.80 in a research report on Friday, April 21st. Two equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of Hold and an average target price of $23.96.

ZIM Integrated Shipping Services Stock Performance

Shares of ZIM Integrated Shipping Services stock opened at $14.26 on Tuesday. The firm has a market capitalization of $1.71 billion, a P/E ratio of 0.37 and a beta of 2.11. ZIM Integrated Shipping Services has a 52 week low of $12.95 and a 52 week high of $71.40. The company has a quick ratio of 1.53, a current ratio of 1.60 and a debt-to-equity ratio of 0.49. The firm’s 50 day moving average is $19.58 and its two-hundred day moving average is $20.22.

ZIM Integrated Shipping Services (NYSE:ZIM – Get Rating) last announced its quarterly earnings results on Monday, May 22nd. The company reported ($0.50) EPS for the quarter, missing the consensus estimate of ($0.18) by ($0.32). The company had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.56 billion. ZIM Integrated Shipping Services had a net margin of 36.77% and a return on equity of 87.07%. During the same quarter in the prior year, the company earned $14.19 earnings per share. Research analysts forecast that ZIM Integrated Shipping Services will post -1.44 EPS for the current fiscal year.

ZIM Integrated Shipping Services Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 3rd. Investors of record on Friday, March 24th were issued a dividend of $6.40 per share. The ex-dividend date of this dividend was Tuesday, April 4th. This is an increase from ZIM Integrated Shipping Services’s previous quarterly dividend of $2.95. This represents a $25.60 annualized dividend and a dividend yield of 179.52%. ZIM Integrated Shipping Services’s dividend payout ratio (DPR) is currently 66.74%.

Institutional Investors Weigh In On ZIM Integrated Shipping Services

Several hedge funds have recently modified their holdings of the stock. Ellevest Inc. acquired a new stake in ZIM Integrated Shipping Services in the fourth quarter valued at $27,000. CWM LLC lifted its holdings in ZIM Integrated Shipping Services by 1,299.1% in the fourth quarter. CWM LLC now owns 1,553 shares of the company’s stock valued at $27,000 after acquiring an additional 1,442 shares during the period. Newbridge Financial Services Group Inc. lifted its holdings in ZIM Integrated Shipping Services by 333.3% in the first quarter. Newbridge Financial Services Group Inc. now owns 1,300 shares of the company’s stock valued at $31,000 after acquiring an additional 1,000 shares during the period. HBK Sorce Advisory LLC lifted its holdings in ZIM Integrated Shipping Services by 100.0% in the fourth quarter. HBK Sorce Advisory LLC now owns 30,000 shares of the company’s stock valued at $32,000 after acquiring an additional 15,000 shares during the period. Finally, Harbour Investments Inc. lifted its holdings in ZIM Integrated Shipping Services by 100.6% in the first quarter. Harbour Investments Inc. now owns 1,396 shares of the company’s stock valued at $33,000 after acquiring an additional 700 shares during the period. 36.74% of the stock is owned by institutional investors and hedge funds.

ZIM Integrated Shipping Services Company Profile

(Get Rating)

ZIM Integrated Shipping Services Ltd., together with its subsidiaries, provides container shipping and related services in Israel and internationally. It provides door-to-door and port-to-port transportation services for various types of customers, including end-users, consolidators, and freight forwarders.