Brokerages Set ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) PT at $15.14

Shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) have been given an average recommendation of “Reduce” by the seven research firms that are currently covering the company, Marketbeat reports. Five analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $15.14.

ZIM has been the subject of a number of recent analyst reports. Fearnley Fonds downgraded ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 21st. Bank of America lifted their price target on shares of ZIM Integrated Shipping Services from $12.20 to $13.70 and gave the company an “underperform” rating in a research report on Wednesday, August 28th. Clarkson Capital upgraded shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a report on Friday, November 22nd. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $10.50 target price on shares of ZIM Integrated Shipping Services in a report on Tuesday, September 10th. Finally, Jefferies Financial Group cut their target price on ZIM Integrated Shipping Services from $28.00 to $22.00 and set a “hold” rating on the stock in a research report on Tuesday, December 17th.

ZIM Integrated Shipping Services Price Performance

ZIM stock opened at $18.29 on Wednesday. ZIM Integrated Shipping Services has a 52-week low of $9.08 and a 52-week high of $30.15. The business has a fifty day moving average of $22.34 and a two-hundred day moving average of $20.60. The stock has a market cap of $2.20 billion, a price-to-earnings ratio of 1.53, a price-to-earnings-growth ratio of 0.04 and a beta of 1.78. The company has a quick ratio of 1.26, a current ratio of 1.33 and a debt-to-equity ratio of 1.11.

ZIM Integrated Shipping Services Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, December 2nd were issued a dividend of $2.81 per share. The ex-dividend date of this dividend was Monday, December 2nd. This is a positive change from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.93. This represents a $11.24 dividend on an annualized basis and a yield of 61.45%. ZIM Integrated Shipping Services’s dividend payout ratio is 9.72%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Van ECK Associates Corp grew its holdings in ZIM Integrated Shipping Services by 1.6% during the 3rd quarter. Van ECK Associates Corp now owns 38,079 shares of the company’s stock worth $977,000 after acquiring an additional 591 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in shares of ZIM Integrated Shipping Services by 2.1% during the 3rd quarter. Janney Montgomery Scott LLC now owns 44,292 shares of the company’s stock worth $1,137,000 after purchasing an additional 915 shares during the last quarter. Fairman Group LLC acquired a new position in shares of ZIM Integrated Shipping Services during the third quarter worth $26,000. Olympiad Research LP increased its holdings in ZIM Integrated Shipping Services by 12.9% in the third quarter. Olympiad Research LP now owns 10,588 shares of the company’s stock valued at $272,000 after buying an additional 1,212 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in ZIM Integrated Shipping Services in the third quarter valued at $31,000. 21.42% of the stock is currently owned by hedge funds and other 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.