ZIM Integrated Shipping Services (NYSE:ZIM) Trading Up 0%

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) shot up 0% on Tuesday . The stock traded as high as $20.44 and last traded at $20.26. 438,512 shares were traded during mid-day trading, a decline of 93% from the average session volume of 6,528,359 shares. The stock had previously closed at $20.25.

Analyst Ratings Changes

ZIM has been the topic of a number of analyst reports. Barclays upped their target price on shares of ZIM Integrated Shipping Services from $5.00 to $10.00 and gave the company an “underweight” rating in a research note on Tuesday, May 28th. Jefferies Financial Group reiterated a “buy” rating and set a $20.00 target price on shares of ZIM Integrated Shipping Services in a research report on Wednesday, May 22nd. JPMorgan Chase & Co. dropped their price objective on shares of ZIM Integrated Shipping Services from $9.30 to $9.25 and set a “neutral” rating for the company in a research report on Friday, March 22nd. Bank of America decreased their price objective on ZIM Integrated Shipping Services from $11.00 to $7.80 and set an “underperform” rating on the stock in a research report on Tuesday, March 19th. Finally, Citigroup downgraded shares of ZIM Integrated Shipping Services from a “neutral” rating to a “sell” rating and upped their target price for the company from $11.60 to $13.00 in a research report on Thursday, June 6th. Three analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $12.01.

ZIM Integrated Shipping Services Stock Up 4.2 %

The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.90 and a current ratio of 0.98. The stock’s fifty day moving average is $17.57 and its 200-day moving average is $13.61.

ZIM Integrated Shipping Services (NYSE:ZIM) last announced its quarterly earnings results on Tuesday, May 21st. The company reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.09 by ($0.34). ZIM Integrated Shipping Services had a negative net margin of 47.59% and a negative return on equity of 14.80%. The firm had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.53 billion. As a group, equities research analysts predict that ZIM Integrated Shipping Services Ltd. will post 3.42 earnings per share for the current year.

ZIM Integrated Shipping Services Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 11th. Shareholders of record on Tuesday, June 4th were issued a $0.23 dividend. The ex-dividend date of this dividend was Tuesday, June 4th. This represents a $0.92 annualized dividend and a dividend yield of 4.26%. ZIM Integrated Shipping Services’s dividend payout ratio (DPR) is currently -4.35%.

Hedge Funds Weigh In On ZIM Integrated Shipping Services

Several institutional investors have recently modified their holdings of ZIM. Tower Research Capital LLC TRC lifted its stake in ZIM Integrated Shipping Services by 92.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,335 shares of the company’s stock valued at $33,000 after buying an additional 1,601 shares in the last quarter. Blue Trust Inc. raised its position in ZIM Integrated Shipping Services by 604.3% in the 4th quarter. Blue Trust Inc. now owns 4,296 shares of the company’s stock valued at $45,000 after buying an additional 3,686 shares during the last quarter. Citigroup Inc. raised its holdings in shares of ZIM Integrated Shipping Services by 77.1% in the third quarter. Citigroup Inc. now owns 5,403 shares of the company’s stock valued at $56,000 after purchasing an additional 2,352 shares during the last quarter. Scarborough Advisors LLC bought a new stake in shares of ZIM Integrated Shipping Services in the fourth quarter worth $58,000. Finally, Russell Investments Group Ltd. lifted its position in shares of ZIM Integrated Shipping Services by 1,431.1% in the first quarter. Russell Investments Group Ltd. now owns 6,063 shares of the company’s stock worth $61,000 after purchasing an additional 5,667 shares in the last quarter. Institutional investors own 21.42% of the company’s stock.

About ZIM Integrated Shipping Services

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.