ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Receives $14.70 Consensus Target Price from Analysts

Shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) have earned an average recommendation of “Strong Sell” from the six ratings firms that are presently covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a sell recommendation and two have assigned a hold recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $14.70.

Several equities analysts have issued reports on ZIM shares. Bank of America cut their price target on shares of ZIM Integrated Shipping Services from $16.00 to $12.80 and set an “underperform” rating on the stock in a report on Friday, April 11th. Barclays upped their price target on shares of ZIM Integrated Shipping Services from $12.00 to $14.20 and gave the company an “underweight” rating in a research note on Wednesday, May 28th. Jefferies Financial Group boosted their price objective on shares of ZIM Integrated Shipping Services from $16.00 to $17.00 and gave the company a “hold” rating in a report on Tuesday, May 20th. JPMorgan Chase & Co. reduced their target price on ZIM Integrated Shipping Services from $10.00 to $9.50 and set an “underweight” rating for the company in a research note on Friday, March 7th. Finally, Clarkson Capital cut ZIM Integrated Shipping Services from a “buy” rating to a “neutral” rating and set a $20.00 price target for the company. in a research report on Tuesday, May 20th.

ZIM Integrated Shipping Services Trading Up 5.7%

Shares of NYSE ZIM opened at $17.52 on Wednesday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.26 and a current ratio of 1.33. The business’s 50 day moving average price is $15.72 and its 200-day moving average price is $17.81. ZIM Integrated Shipping Services has a fifty-two week low of $11.04 and a fifty-two week high of $30.15. The company has a market cap of $2.11 billion, a price-to-earnings ratio of 1.47, a PEG ratio of 0.27 and a beta of 1.83.

ZIM Integrated Shipping Services (NYSE:ZIM) last issued its earnings results on Monday, May 19th. The company reported $2.45 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.56. The business had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.84 billion. ZIM Integrated Shipping Services had a net margin of 19.26% and a return on equity of 48.63%. During the same period last year, the company posted $0.75 earnings per share. On average, sell-side analysts expect that ZIM Integrated Shipping Services will post 16.75 earnings per share for the current year.

ZIM Integrated Shipping Services Dividend Announcement

The business also recently declared a dividend, which was paid on Monday, June 9th. Stockholders of record on Tuesday, June 3rd were paid a $0.74 dividend. This represents a dividend yield of 16.96%. The ex-dividend date of this dividend was Monday, June 2nd. ZIM Integrated Shipping Services’s dividend payout ratio (DPR) is 4.76%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. New York State Common Retirement Fund purchased a new stake in shares of ZIM Integrated Shipping Services in the 1st quarter valued at approximately $30,000. Altshuler Shaham Ltd boosted its position in shares of ZIM Integrated Shipping Services by 650.0% during the 4th quarter. Altshuler Shaham Ltd now owns 1,500 shares of the company’s stock worth $32,000 after acquiring an additional 1,300 shares in the last quarter. Employees Retirement System of Texas purchased a new position in shares of ZIM Integrated Shipping Services in the 4th quarter valued at about $45,000. Brown Brothers Harriman & Co. purchased a new position in shares of ZIM Integrated Shipping Services in the 4th quarter valued at about $79,000. Finally, Mark Sheptoff Financial Planning LLC raised its position in shares of ZIM Integrated Shipping Services by 26.5% during the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 4,300 shares of the company’s stock worth $92,000 after acquiring an additional 900 shares in the last quarter. 21.42% of the stock is owned by institutional investors and hedge funds.

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.