ZIM Integrated Shipping Services (NYSE:ZIM) Stock Price Up 5.6%

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Get Free Report) rose 5.6% during trading on Friday . The company traded as high as $24.99 and last traded at $24.84. Approximately 2,586,914 shares changed hands during trading, a decline of 57% from the average daily volume of 6,031,543 shares. The stock had previously closed at $23.52.

Wall Street Analyst Weigh In

ZIM has been the topic of a number of research reports. Jefferies Financial Group reiterated a "buy" rating and issued a $22.00 target price on shares of ZIM Integrated Shipping Services in a report on Monday, August 19th. Citigroup lowered shares of ZIM Integrated Shipping Services from a "neutral" rating to a "sell" rating and upped their price objective for the company from $11.60 to $13.00 in a research note on Thursday, June 6th. JPMorgan Chase & Co. reissued an "underweight" rating and set a $10.50 target price on shares of ZIM Integrated Shipping Services in a research note on Tuesday, September 10th. Bank of America lifted their price target on 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, Barclays raised their price objective on shares of ZIM Integrated Shipping Services from $12.50 to $15.00 and gave the company an "underweight" rating in a research report on Friday, August 23rd. Four investment analysts have rated the stock with a sell rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Reduce" and a consensus target price of $14.84.

ZIM Integrated Shipping Services Stock Up 5.7 %

The company has a quick ratio of 0.97, a current ratio of 1.04 and a debt-to-equity ratio of 1.41. The business has a 50-day simple moving average of $19.15 and a 200-day simple moving average of $16.97. The stock has a market cap of $2.99 billion, a P/E ratio of -1.17, a PEG ratio of 0.05 and a beta of 1.83.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last posted its earnings results on Monday, August 19th. The company reported $3.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.07 by $1.01. ZIM Integrated Shipping Services had a negative net margin of 32.81% and a positive return on equity of 2.89%. The business had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same period last year, the business posted ($1.37) EPS. Analysts expect that ZIM Integrated Shipping Services Ltd. will post 10.87 EPS for the current year.

ZIM Integrated Shipping Services Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Thursday, August 29th were paid a dividend of $0.93 per share. This is an increase from ZIM Integrated Shipping Services's previous quarterly dividend of $0.23. The ex-dividend date was Thursday, August 29th. This represents a $3.72 annualized dividend and a yield of 14.96%. ZIM Integrated Shipping Services's dividend payout ratio is presently -4.35%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ZIM. Northwestern Mutual Wealth Management Co. raised its holdings in ZIM Integrated Shipping Services by 2,341.8% in 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 in the last quarter. Scarborough Advisors LLC bought a new position in ZIM Integrated Shipping Services in the fourth quarter worth $58,000. Russell Investments Group Ltd. boosted its stake in ZIM Integrated Shipping Services by 1,431.1% during the first quarter. Russell Investments Group Ltd. now owns 6,063 shares of the company's stock worth $61,000 after buying an additional 5,667 shares in the last quarter. Mather Group LLC. acquired a new position in shares of ZIM Integrated Shipping Services in the 2nd quarter valued at $96,000. Finally, Jump Financial LLC bought a new position in shares of ZIM Integrated Shipping Services during the 4th quarter worth about $130,000. 21.42% of the stock is currently owned by institutional investors and hedge funds.

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.

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