Analysts Set ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Target Price at $15.04

Shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) have received an average recommendation of “Reduce” from the seven ratings firms that are currently covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a strong buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $15.04.

Several research analysts have commented on ZIM shares. Clarkson Capital upgraded ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 22nd. Barclays reduced their price objective on ZIM Integrated Shipping Services from $16.50 to $16.00 and set an “underweight” rating on the stock in a research note on Friday, January 10th. Fearnley Fonds downgraded ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 21st. Finally, Jefferies Financial Group reduced their price target on shares of ZIM Integrated Shipping Services from $28.00 to $22.00 and set a “hold” rating on the stock in a research note on Tuesday, December 17th.

Institutional Investors Weigh In On ZIM Integrated Shipping Services

A number of institutional investors have recently added to or reduced their stakes in the business. Fairman Group LLC bought a new position in shares of ZIM Integrated Shipping Services during the third quarter valued at $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in ZIM Integrated Shipping Services during the 3rd quarter valued at approximately $31,000. Northwestern Mutual Wealth Management Co. increased its position in 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 purchasing an additional 1,850 shares during the period. American Capital Advisory LLC bought a new position in ZIM Integrated Shipping Services during the 3rd quarter worth approximately $69,000. Finally, Sunbelt Securities Inc. acquired a new position in shares of ZIM Integrated Shipping Services in the 3rd quarter worth approximately $71,000. 21.42% of the stock is owned by institutional investors.

ZIM Integrated Shipping Services Price Performance

Shares of NYSE ZIM opened at $18.08 on Friday. The stock has a market capitalization of $2.18 billion, a PE ratio of 1.51, a P/E/G ratio of 0.04 and a beta of 1.77. ZIM Integrated Shipping Services has a fifty-two week low of $9.08 and a fifty-two week high of $30.15. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.33 and a quick ratio of 1.26. The business has a fifty day moving average price of $21.73 and a two-hundred day moving average price of $20.72.

ZIM Integrated Shipping Services Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, December 2nd were paid a $2.81 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $11.24 annualized dividend and a dividend yield of 62.17%. This is an increase from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.93. ZIM Integrated Shipping Services’s dividend payout ratio is currently 9.72%.

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.