ZIM Integrated Shipping Services (NYSE:ZIM) Price Target Lowered to $13.50 at Barclays

ZIM Integrated Shipping Services (NYSE:ZIM) had its price target reduced by Barclays from $16.00 to $13.50 in a research note issued to investors on Monday morning,Benzinga reports. Barclays currently has an underweight rating on the stock.

A number of other analysts have also recently commented on the stock. Fearnley Fonds cut shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 21st. Jefferies Financial Group restated a “hold” rating and issued a $18.00 price target on shares of ZIM Integrated Shipping Services in a report on Wednesday, March 12th. JPMorgan Chase & Co. dropped their price target on ZIM Integrated Shipping Services from $10.00 to $9.50 and set an “underweight” rating on the stock in a research report on Friday, March 7th. Finally, Clarkson Capital upgraded 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 given a hold rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, ZIM Integrated Shipping Services has an average rating of “Hold” and an average price target of $13.54.

ZIM Integrated Shipping Services Stock Up 0.6 %

Shares of NYSE ZIM opened at $18.35 on Monday. ZIM Integrated Shipping Services has a 1 year low of $9.08 and a 1 year high of $30.15. The firm’s 50-day moving average is $19.03 and its 200-day moving average is $20.59. The company has a current ratio of 1.33, a quick ratio of 1.26 and a debt-to-equity ratio of 1.11. The firm has a market capitalization of $2.21 billion, a PE ratio of 1.54, a price-to-earnings-growth ratio of 0.27 and a beta of 1.70.

ZIM Integrated Shipping Services (NYSE:ZIM) last released its earnings results on Wednesday, March 12th. The company reported $4.66 EPS for the quarter, topping analysts’ consensus estimates of $3.47 by $1.19. The firm had revenue of $2.17 billion during the quarter, compared to analyst estimates of $1.99 billion. ZIM Integrated Shipping Services had a net margin of 19.26% and a return on equity of 48.63%. Equities analysts expect that ZIM Integrated Shipping Services will post 16.75 EPS for the current year.

ZIM Integrated Shipping Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Monday, March 24th will be given a dividend of $3.17 per share. This is a boost from ZIM Integrated Shipping Services’s previous quarterly dividend of $2.81. This represents a $12.68 annualized dividend and a dividend yield of 69.09%. The ex-dividend date of this dividend is Monday, March 24th. ZIM Integrated Shipping Services’s dividend payout ratio is currently 6.51%.

Institutional Trading of ZIM Integrated Shipping Services

Hedge funds and other institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. increased its position in shares of ZIM Integrated Shipping Services by 59.4% in the third quarter. JPMorgan Chase & Co. now owns 1,811,447 shares of the company’s stock valued at $46,482,000 after acquiring an additional 674,723 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of ZIM Integrated Shipping Services during the 3rd quarter worth approximately $2,612,000. Blueshift Asset Management LLC acquired a new position in shares of ZIM Integrated Shipping Services during the 3rd quarter worth approximately $620,000. Quantbot Technologies LP raised its stake in shares of ZIM Integrated Shipping Services by 9,573.0% during the 3rd quarter. Quantbot Technologies LP now owns 370,477 shares of the company’s stock worth $9,506,000 after purchasing an additional 366,647 shares in the last quarter. Finally, Decker Retirement Planning Inc. acquired a new stake in shares of ZIM Integrated Shipping Services in the 4th quarter valued at approximately $5,509,000. 21.42% of the stock is currently 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.