ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Receives $13.54 Average Target Price from Brokerages

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) has received an average recommendation of “Reduce” from the seven research firms that are currently covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $13.54.

ZIM has been the subject of several research analyst reports. Barclays dropped their price target on ZIM Integrated Shipping Services from $16.00 to $13.50 and set an “underweight” rating for the company in a research note on Monday, March 17th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $18.00 target price on shares of ZIM Integrated Shipping Services in a research note on Wednesday, March 12th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of ZIM Integrated Shipping Services from $10.00 to $9.50 and set an “underweight” rating for the company in a report on Friday, March 7th.

Institutional Investors Weigh In On ZIM Integrated Shipping Services

Institutional investors and hedge funds have recently bought and sold shares of the business. Altshuler Shaham Ltd raised its holdings in shares of ZIM Integrated Shipping Services by 650.0% during the fourth quarter. Altshuler Shaham Ltd now owns 1,500 shares of the company’s stock valued at $32,000 after acquiring an additional 1,300 shares in the last quarter. Employees Retirement System of Texas purchased a new position in ZIM Integrated Shipping Services during the 4th quarter valued at $45,000. Sunbelt Securities Inc. bought a new position in ZIM Integrated Shipping Services in the 3rd quarter worth $71,000. Brown Brothers Harriman & Co. purchased a new stake in shares of ZIM Integrated Shipping Services in the 4th quarter worth about $79,000. Finally, Mark Sheptoff Financial Planning LLC boosted its stake in shares of ZIM Integrated Shipping Services by 126.7% during the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 3,400 shares of the company’s stock valued at $87,000 after purchasing an additional 1,900 shares in the last quarter. Hedge funds and other institutional investors own 21.42% of the company’s stock.

ZIM Integrated Shipping Services Price Performance

Shares of NYSE ZIM opened at $15.50 on Friday. The firm has a market capitalization of $1.87 billion, a P/E ratio of 1.30, a P/E/G ratio of 0.27 and a beta of 1.70. The company has a quick ratio of 1.26, a current ratio of 1.33 and a debt-to-equity ratio of 1.11. The stock’s 50-day simple moving average is $18.67 and its two-hundred day simple moving average is $20.56. ZIM Integrated Shipping Services has a twelve month low of $9.75 and a twelve month high of $30.15.

ZIM Integrated Shipping Services (NYSE:ZIM) last announced its earnings results on Wednesday, March 12th. The company reported $4.66 earnings per share for the quarter, beating analysts’ consensus estimates of $3.47 by $1.19. ZIM Integrated Shipping Services had a net margin of 19.26% and a return on equity of 48.63%. The business had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $1.99 billion. As a group, equities analysts anticipate that ZIM Integrated Shipping Services will post 16.75 EPS for the current fiscal year.

ZIM Integrated Shipping Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Monday, March 24th will be given a $3.17 dividend. This is a boost from ZIM Integrated Shipping Services’s previous quarterly dividend of $2.81. The ex-dividend date of this dividend is Monday, March 24th. This represents a $12.68 dividend on an annualized basis and a dividend yield of 81.83%. ZIM Integrated Shipping Services’s payout ratio is presently 6.51%.

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.