ZIM Integrated Shipping Services (NYSE:ZIM) Given New $16.00 Price Target at Jefferies Financial Group

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

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

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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.