ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Receives $15.22 Consensus Price Target from Analysts

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) has earned a consensus rating of “Strong Sell” from the six brokerages that are currently covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a sell rating and one has assigned a hold rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $15.74.

ZIM has been the topic of a number of analyst reports. Jefferies Financial Group reaffirmed a “hold” rating and issued a $25.00 price target on shares of ZIM Integrated Shipping Services in a research report on Wednesday, November 20th. Barclays increased their price objective on ZIM Integrated Shipping Services from $13.90 to $16.50 and gave the company an “underweight” rating in a report on Monday. Fearnley Fonds lowered shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 21st. Bank of America upped their target price on shares of ZIM Integrated Shipping Services from $12.20 to $13.70 and gave the company an “underperform” rating in a report on Wednesday, August 28th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and issued a $10.50 price target on shares of ZIM Integrated Shipping Services in a research report on Tuesday, September 10th.

ZIM Integrated Shipping Services Stock Performance

Shares of ZIM stock opened at $22.24 on Friday. ZIM Integrated Shipping Services has a 52 week low of $6.39 and a 52 week high of $30.15. The firm has a 50 day moving average of $22.85 and a two-hundred day moving average of $20.60. 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 has a market capitalization of $2.68 billion, a PE ratio of 1.86, a P/E/G ratio of 0.05 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. Investors of record on Monday, December 2nd will be issued a $2.81 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $11.24 dividend on an annualized basis and a dividend yield of 50.54%. This is a boost from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.93. ZIM Integrated Shipping Services’s dividend payout ratio is currently 9.72%.

Institutional Investors Weigh In On ZIM Integrated Shipping Services

Institutional investors and hedge funds have recently bought and sold shares of the stock. Fairman Group LLC purchased a new position in ZIM Integrated Shipping Services in the 3rd quarter valued at about $26,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in ZIM Integrated Shipping Services in the 3rd quarter valued at about $31,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of ZIM Integrated Shipping Services by 2,341.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,929 shares of the company’s stock valued at $43,000 after acquiring an additional 1,850 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of ZIM Integrated Shipping Services by 1,431.1% during the 1st quarter. Russell Investments Group Ltd. now owns 6,063 shares of the company’s stock worth $61,000 after acquiring an additional 5,667 shares during the period. Finally, American Capital Advisory LLC purchased a new stake in ZIM Integrated Shipping Services in the third quarter valued at approximately $69,000. Hedge funds and other institutional investors own 21.42% of the company’s stock.

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.