ZIM Integrated Shipping Services (NYSE:ZIM - Free Report) had its target price decreased by Jefferies Financial Group from $28.00 to $22.00 in a research note issued to investors on Tuesday morning,Benzinga reports. Jefferies Financial Group currently has a hold rating on the stock.
ZIM has been the subject of a number of other reports. JPMorgan Chase & Co. reissued an "underweight" rating and issued a $10.50 target price on shares of ZIM Integrated Shipping Services in a research note on Tuesday, September 10th. Bank of America increased their price target on ZIM Integrated Shipping Services from $12.20 to $13.70 and gave the company an "underperform" rating in a research note on Wednesday, August 28th. Barclays raised their target price on ZIM Integrated Shipping Services from $13.90 to $16.50 and gave the stock an "underweight" rating in a research report on Monday, November 25th. Clarkson Capital upgraded ZIM Integrated Shipping Services from a "hold" rating to a "strong-buy" rating in a research note on Friday, November 22nd. Finally, Fearnley Fonds downgraded ZIM Integrated Shipping Services from a "hold" rating to a "strong sell" rating in a research note on Thursday, November 21st. Five analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $15.14.
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ZIM Integrated Shipping Services Stock Performance
Shares of ZIM stock traded down $1.11 during mid-day trading on Tuesday, reaching $18.41. The stock had a trading volume of 6,377,129 shares, compared to its average volume of 6,254,992. 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 firm has a market cap of $2.22 billion, a PE ratio of 1.54, a P/E/G ratio of 0.04 and a beta of 1.78. ZIM Integrated Shipping Services has a one year low of $9.08 and a one year high of $30.15. The firm's 50 day simple moving average is $22.40 and its 200 day simple moving average is $20.69.
ZIM Integrated Shipping Services Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, December 2nd were paid a dividend of $2.81 per share. This is a boost from ZIM Integrated Shipping Services's previous quarterly dividend of $0.93. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $11.24 dividend on an annualized basis and a dividend yield of 61.07%. ZIM Integrated Shipping Services's payout ratio is 9.72%.
Institutional Trading of ZIM Integrated Shipping Services
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Virtu Financial LLC bought a new stake in ZIM Integrated Shipping Services in the 3rd quarter valued at $893,000. Sunbelt Securities Inc. bought a new position in ZIM Integrated Shipping Services during the 3rd quarter valued at about $71,000. Geode Capital Management LLC grew its holdings in ZIM Integrated Shipping Services by 3.4% during the 3rd quarter. Geode Capital Management LLC now owns 88,086 shares of the company's stock valued at $2,260,000 after purchasing an additional 2,873 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in ZIM Integrated Shipping Services during the 3rd quarter valued at about $3,364,000. Finally, Y Intercept Hong Kong Ltd bought a new position in ZIM Integrated Shipping Services during the 3rd quarter valued at about $2,612,000. 21.42% of the stock is currently owned by institutional investors.
ZIM Integrated Shipping Services Company Profile
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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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