Barclays Lowers ZIM Integrated Shipping Services (NYSE:ZIM) Price Target to $13.50

ZIM Integrated Shipping Services (NYSE:ZIM - Free Report) had its target price cut by Barclays from $16.00 to $13.50 in a research report released on Monday,Benzinga reports. They currently have an underweight rating on the stock.

Several other equities research analysts have also weighed in on the stock. JPMorgan Chase & Co. dropped their price objective on shares of ZIM Integrated Shipping Services from $10.00 to $9.50 and set an "underweight" rating on the stock in a research note on Friday, March 7th. Fearnley Fonds cut ZIM Integrated Shipping Services from a "hold" rating to a "strong sell" rating in a research report on Thursday, November 21st. Clarkson Capital upgraded ZIM Integrated Shipping Services from a "hold" rating to a "strong-buy" rating in a research report on Friday, November 22nd. Finally, Jefferies Financial Group reaffirmed a "hold" rating and issued a $18.00 target price on shares of ZIM Integrated Shipping Services in a research report on Wednesday, March 12th. Five equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $13.54.

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ZIM Integrated Shipping Services Stock Down 0.8 %

Shares of ZIM Integrated Shipping Services stock traded down $0.15 during trading hours on Monday, hitting $17.82. 10,035,054 shares of the company's stock traded hands, compared to its average volume of 5,638,648. The company has a market cap of $2.15 billion, a PE ratio of 1.49, a PEG ratio of 0.27 and a beta of 1.70. The stock has a 50 day simple moving average of $18.89 and a 200-day simple moving average of $20.56. The company has a quick ratio of 1.26, a current ratio of 1.33 and a debt-to-equity ratio of 1.11. ZIM Integrated Shipping Services has a twelve month low of $9.47 and a twelve month high of $30.15.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last released its quarterly earnings data on Wednesday, March 12th. The company reported $4.66 EPS for the quarter, topping analysts' consensus estimates of $3.47 by $1.19. The firm had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $1.99 billion. ZIM Integrated Shipping Services had a net margin of 19.26% and a return on equity of 48.63%. 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

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Investors 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. This represents a $12.68 annualized dividend and a yield of 71.16%. The ex-dividend date of this dividend is Monday, March 24th. ZIM Integrated Shipping Services's dividend payout ratio (DPR) is currently 6.51%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in ZIM. GSA Capital Partners LLP bought a new stake in shares of ZIM Integrated Shipping Services during the third quarter valued at about $363,000. Segall Bryant & Hamill LLC bought a new stake in shares of ZIM Integrated Shipping Services during the 3rd quarter worth about $2,294,000. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of ZIM Integrated Shipping Services by 26.7% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 599,258 shares of the company's stock worth $15,377,000 after acquiring an additional 126,459 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of ZIM Integrated Shipping Services by 4.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 860,456 shares of the company's stock valued at $22,079,000 after acquiring an additional 36,692 shares in the last quarter. Finally, Qsemble Capital Management LP acquired a new position in shares of ZIM Integrated Shipping Services during the third quarter valued at approximately $548,000. Institutional investors and hedge funds 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.