ZIM Integrated Shipping Services (NYSE:ZIM) Stock Price Down 0%

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) shares fell 0% during trading on Tuesday . The company traded as low as $22.89 and last traded at $22.96. 1,490,368 shares traded hands during mid-day trading, a decline of 77% from the average session volume of 6,404,544 shares. The stock had previously closed at $22.97.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on ZIM shares. Barclays lifted their price objective on ZIM Integrated Shipping Services from $5.00 to $10.00 and gave the company an “underweight” rating in a report on Tuesday, May 28th. JPMorgan Chase & Co. reduced their price target on 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. Citigroup downgraded shares of ZIM Integrated Shipping Services from a “neutral” rating to a “sell” rating and lifted their price objective for the company from $11.60 to $13.00 in a report on Thursday, June 6th. Jefferies Financial Group restated a “buy” rating and set a $20.00 target price on shares of ZIM Integrated Shipping Services in a report on Wednesday, May 22nd. Finally, Bank of America lowered their price target on shares of ZIM Integrated Shipping Services from $11.00 to $7.80 and set an “underperform” rating on the stock in a research note on Tuesday, March 19th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, ZIM Integrated Shipping Services currently has a consensus rating of “Hold” and a consensus target price of $12.01.

ZIM Integrated Shipping Services Price Performance

The company has a quick ratio of 0.90, a current ratio of 0.98 and a debt-to-equity ratio of 1.49. The firm’s 50 day moving average is $18.73 and its two-hundred day moving average is $14.11.

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

ZIM Integrated Shipping Services Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 11th. Shareholders of record on Tuesday, June 4th were paid a $0.23 dividend. The ex-dividend date was Tuesday, June 4th. This represents a $0.92 annualized dividend and a yield of 4.04%. ZIM Integrated Shipping Services’s dividend payout ratio is -4.35%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Regatta Capital Group LLC increased its stake in ZIM Integrated Shipping Services by 8.5% during the 1st quarter. Regatta Capital Group LLC now owns 16,022 shares of the company’s stock worth $162,000 after acquiring an additional 1,254 shares during the period. Olympiad Research LP raised its stake in ZIM Integrated Shipping Services by 2.8% in the fourth quarter. Olympiad Research LP now owns 49,236 shares of the company’s stock valued at $486,000 after purchasing an additional 1,364 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in ZIM Integrated Shipping Services by 92.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,335 shares of the company’s stock worth $33,000 after buying an additional 1,601 shares in the last quarter. Citigroup Inc. increased its holdings in ZIM Integrated Shipping Services by 77.1% in the 3rd quarter. Citigroup Inc. now owns 5,403 shares of the company’s stock valued at $56,000 after buying an additional 2,352 shares during the period. Finally, California State Teachers Retirement System raised its position in shares of ZIM Integrated Shipping Services by 2.4% in the 1st quarter. California State Teachers Retirement System now owns 104,767 shares of the company’s stock valued at $1,060,000 after buying an additional 2,423 shares in the last quarter. 21.42% of the stock is owned by institutional investors and hedge funds.

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.