ZIM Integrated Shipping Services (NYSE:ZIM – Get Rating) had its price objective decreased by Jefferies Financial Group from $20.00 to $16.00 in a research note issued to investors on Tuesday morning, The Fly reports.
A number of other brokerages have also recently weighed in on ZIM. TheStreet cut ZIM Integrated Shipping Services from a c- rating to a d+ rating in a research note on Wednesday, April 26th. JPMorgan Chase & Co. downgraded ZIM Integrated Shipping Services from an overweight rating to a neutral rating and decreased their price target for the stock from $27.00 to $20.80 in a report on Friday, April 21st. Finally, Barclays reduced their target price on ZIM Integrated Shipping Services from $15.00 to $13.00 in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of Hold and a consensus price target of $23.96.
ZIM Integrated Shipping Services Price Performance
NYSE:ZIM opened at $14.26 on Tuesday. ZIM Integrated Shipping Services has a one year low of $12.95 and a one year high of $71.40. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.53 and a current ratio of 1.60. The stock has a market cap of $1.71 billion, a PE ratio of 0.37 and a beta of 2.11. The stock has a 50 day moving average price of $19.58 and a 200 day moving average price of $20.22.
ZIM Integrated Shipping Services Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, April 3rd. Shareholders of record on Friday, March 24th were given a dividend of $6.40 per share. This is a boost from ZIM Integrated Shipping Services’s previous quarterly dividend of $2.95. The ex-dividend date of this dividend was Tuesday, April 4th. This represents a $25.60 annualized dividend and a yield of 179.52%. ZIM Integrated Shipping Services’s payout ratio is presently 66.74%.
Institutional Investors Weigh In On ZIM Integrated Shipping Services
Several institutional investors have recently modified their holdings of the company. Ellevest Inc. purchased a new stake in ZIM Integrated Shipping Services in the 4th quarter valued at approximately $27,000. CWM LLC grew its stake in shares of ZIM Integrated Shipping Services by 1,299.1% during 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 in the last quarter. Newbridge Financial Services Group Inc. grew its stake in shares of ZIM Integrated Shipping Services by 333.3% during 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 in the last quarter. HBK Sorce Advisory LLC lifted its position in shares of ZIM Integrated Shipping Services by 100.0% during the fourth quarter. HBK Sorce Advisory LLC now owns 30,000 shares of the company’s stock worth $32,000 after purchasing an additional 15,000 shares during the last quarter. 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 worth $33,000 after acquiring an additional 700 shares during the last quarter. Hedge funds and other institutional investors own 36.74% of the company’s stock.
ZIM Integrated Shipping Services Company Profile
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.
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