ZIM Integrated Shipping Services’ (ZIM) Hold Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group reiterated their hold rating on shares of ZIM Integrated Shipping Services (NYSE:ZIM) in a research report released on Wednesday morning,Benzinga reports. Jefferies Financial Group currently has a $25.00 price objective on the stock.

Other analysts have also issued reports about the company. Bank of America raised their price objective on ZIM Integrated Shipping Services from $12.20 to $13.70 and gave the company an “underperform” rating in a report on Wednesday, August 28th. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $10.50 price target on shares of ZIM Integrated Shipping Services in a research note on Tuesday, September 10th. Finally, Barclays upped their price objective on shares of ZIM Integrated Shipping Services from $12.30 to $13.90 and gave the stock an “underweight” rating in a research report on Wednesday, October 23rd. Four equities research analysts have rated the stock with a sell rating and one has given a hold rating to the stock. According to data from MarketBeat, ZIM Integrated Shipping Services currently has a consensus rating of “Reduce” and a consensus price target of $15.22.

ZIM Integrated Shipping Services Trading Down 1.8 %

Shares of NYSE:ZIM opened at $23.79 on Wednesday. The company has a current ratio of 1.04, a quick ratio of 0.97 and a debt-to-equity ratio of 1.41. ZIM Integrated Shipping Services has a 12-month low of $6.39 and a 12-month high of $30.15. The business has a 50 day moving average of $22.78 and a two-hundred day moving average of $20.47. The company has a market capitalization of $2.86 billion, a PE ratio of 1.99, a PEG ratio of 0.04 and a beta of 1.88.

ZIM Integrated Shipping Services Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 9th. Stockholders of record on Monday, December 2nd will be paid a $2.81 dividend. This is a boost from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.93. The ex-dividend date is Monday, December 2nd. This represents a $11.24 annualized dividend and a dividend yield of 47.25%. ZIM Integrated Shipping Services’s dividend payout ratio is 9.72%.

Institutional Investors Weigh In On ZIM Integrated Shipping Services

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Renaissance Technologies LLC boosted its position in shares of ZIM Integrated Shipping Services by 479.9% during the 2nd quarter. Renaissance Technologies LLC now owns 2,635,500 shares of the company’s stock worth $58,429,000 after purchasing an additional 2,181,000 shares during the period. Marshall Wace LLP boosted its position in shares of ZIM Integrated Shipping Services by 638.6% during the second quarter. Marshall Wace LLP now owns 2,397,311 shares of the company’s stock worth $53,148,000 after buying an additional 2,072,715 shares during the period. Encompass Capital Advisors LLC acquired a new stake in shares of ZIM Integrated Shipping Services in the second quarter valued at $14,383,000. International Assets Investment Management LLC raised its holdings in shares of ZIM Integrated Shipping Services by 2,228.7% in the 3rd quarter. International Assets Investment Management LLC now owns 402,862 shares of the company’s stock valued at $10,337,000 after buying an additional 385,562 shares during the period. Finally, Quantbot Technologies LP lifted its stake in 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 acquiring an additional 366,647 shares in the last quarter. Hedge funds and other institutional investors own 21.42% of the company’s stock.

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.