Jefferies Financial Group Cuts ZIM Integrated Shipping Services (NYSE:ZIM) Price Target to $22.00

ZIM Integrated Shipping Services (NYSE:ZIM) had its price objective decreased by Jefferies Financial Group from $28.00 to $22.00 in a report issued on Tuesday,Benzinga reports. Jefferies Financial Group currently has a hold rating on the stock.

ZIM has been the subject of a number of other research reports. JPMorgan Chase & Co. reissued an “underweight” rating and set a $10.50 price objective on shares of ZIM Integrated Shipping Services in a research report on Tuesday, September 10th. Barclays lifted their price target on ZIM Integrated Shipping Services from $13.90 to $16.50 and gave the company an “underweight” rating in a report on Monday, November 25th. Bank of America increased their price objective on ZIM Integrated Shipping Services from $12.20 to $13.70 and gave the stock an “underperform” rating in a report on Wednesday, August 28th. Fearnley Fonds cut shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 21st. Finally, Clarkson Capital raised shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 22nd. Five analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $15.14.

ZIM Integrated Shipping Services Stock Up 1.0 %

ZIM Integrated Shipping Services stock opened at $18.38 on Tuesday. ZIM Integrated Shipping Services has a twelve month low of $9.08 and a twelve month high of $30.15. 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 firm has a market cap of $2.21 billion, a PE ratio of 1.54, a P/E/G ratio of 0.04 and a beta of 1.78. The firm’s 50 day moving average price is $22.37 and its two-hundred day moving average price is $20.62.

ZIM Integrated Shipping Services Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, December 2nd were given a $2.81 dividend. This is a positive change from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.93. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $11.24 dividend on an annualized basis and a dividend yield of 61.15%. ZIM Integrated Shipping Services’s dividend payout ratio (DPR) is currently 9.72%.

Institutional Trading of ZIM Integrated Shipping Services

Several large investors have recently modified their holdings of the company. Fairman Group LLC acquired a new position in ZIM Integrated Shipping Services during the 3rd quarter worth $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in ZIM Integrated Shipping Services during the 3rd quarter valued at approximately $31,000. Northwestern Mutual Wealth Management Co. grew its holdings in ZIM Integrated Shipping Services by 2,341.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,929 shares of the company’s stock valued at $43,000 after buying an additional 1,850 shares during the last quarter. American Capital Advisory LLC bought a new position in ZIM Integrated Shipping Services in the 3rd quarter worth approximately $69,000. Finally, Sunbelt Securities Inc. acquired a new position in shares of ZIM Integrated Shipping Services during the third quarter worth approximately $71,000. 21.42% of the stock is owned by institutional investors.

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.