ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Receives Consensus Rating of "Strong Sell" from Brokerages

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) has received a consensus rating of "Strong Sell" from seven research firms. Four analysts recommend selling the stock, while three suggest holding it. The average 1-year price target is $13.25. Recent analyst actions include JPMorgan lowering its target price to $8.70 and Barclays to $13.30. The company reported lower-than-expected earnings for the last quarter and announced an increased quarterly dividend of $0.31 per share.

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Get Free Report) has been given an average rating of "Strong Sell" by the seven research firms that are currently covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a sell recommendation and three have issued a hold recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $13.25.

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A number of analysts have recently issued reports on ZIM shares. JPMorgan Chase & Co. dropped their target price on ZIM Integrated Shipping Services from $9.70 to $8.70 and set an "underweight" rating on the stock in a research report on Monday. Jefferies Financial Group restated a "hold" rating and set a $15.00 price objective on shares of ZIM Integrated Shipping Services in a report on Thursday, November 20th. Barclays reduced their target price on ZIM Integrated Shipping Services from $14.80 to $13.30 and set an "underweight" rating for the company in a research note on Thursday, August 28th. Wall Street Zen raised shares of ZIM Integrated Shipping Services from a "sell" rating to a "hold" rating in a research report on Friday, November 28th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of ZIM Integrated Shipping Services in a report on Wednesday, October 8th.

Get Our Latest Stock Analysis on ZIM Integrated Shipping Services

ZIM Integrated Shipping Services Price Performance

Spotlight on ZIM: Take Advantage of Shipping Stock Upside

Shares of ZIM stock opened at $19.63 on Wednesday. The firm has a fifty day simple moving average of $15.18 and a 200-day simple moving average of $15.66. The company has a market capitalization of $2.36 billion, a PE ratio of 2.36 and a beta of 1.70. ZIM Integrated Shipping Services has a twelve month low of $11.03 and a twelve month high of $23.61. The company has a current ratio of 1.30, a quick ratio of 1.22 and a debt-to-equity ratio of 1.12.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last released its quarterly earnings results on Thursday, November 20th. The company reported $1.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.67 by ($0.65). The firm had revenue of $1.78 billion for the quarter, compared to analysts' expectations of $1.74 billion. ZIM Integrated Shipping Services had a return on equity of 25.18% and a net margin of 13.22%. Equities research analysts anticipate that ZIM Integrated Shipping Services will post 16.75 earnings per share for the current fiscal year.

ZIM Integrated Shipping Services Increases Dividend

ZIM Shipping Stock Soars as the Industry Shows a Bottoming Trend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 8th. Stockholders of record on Monday, December 1st will be paid a $0.31 dividend. This is a boost from ZIM Integrated Shipping Services's previous quarterly dividend of $0.06. The ex-dividend date is Monday, December 1st. This represents a $1.24 dividend on an annualized basis and a dividend yield of 6.3%. ZIM Integrated Shipping Services's dividend payout ratio (DPR) is currently 2.88%.

Institutional Trading of ZIM Integrated Shipping Services

Institutional investors and hedge funds have recently bought and sold shares of the company. Legacy Investment Solutions LLC acquired a new position in shares of ZIM Integrated Shipping Services in the 2nd quarter worth approximately $26,000. Edmond DE Rothschild Holding S.A. bought a new position in ZIM Integrated Shipping Services during the second quarter worth $37,000. Quarry LP acquired a new position in ZIM Integrated Shipping Services in the third quarter worth $34,000. Larson Financial Group LLC increased its stake in ZIM Integrated Shipping Services by 158.8% during the third quarter. Larson Financial Group LLC now owns 3,256 shares of the company's stock valued at $44,000 after purchasing an additional 1,998 shares during the last quarter. Finally, Triumph Capital Management acquired a new stake in shares of ZIM Integrated Shipping Services during the third quarter worth $44,000. Institutional investors and hedge funds own 21.42% of the company's stock.

ZIM Integrated Shipping Services Company Profile

(Get Free Report)

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.

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