ZIM Integrated Shipping Services (NYSE:ZIM) Trading Down 13.8%

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Get Free Report)'s stock price traded down 13.8% on Monday . The company traded as low as $18.71 and last traded at $19.06. 4,867,435 shares were traded during trading, a decline of 24% from the average session volume of 6,368,346 shares. The stock had previously closed at $22.11.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Barclays upped their target price on shares of ZIM Integrated Shipping Services from $5.00 to $10.00 and gave the stock an "underweight" rating in a research report on Tuesday, May 28th. JPMorgan Chase & Co. decreased their target price on shares of ZIM Integrated Shipping Services from $9.30 to $9.25 and set a "neutral" rating for the company in a research report on Friday, March 22nd. Bank of America decreased their target price on shares of ZIM Integrated Shipping Services from $11.00 to $7.80 and set an "underperform" rating for the company in a research report on Tuesday, March 19th. Jefferies Financial Group restated a "buy" rating and issued a $20.00 target price on shares of ZIM Integrated Shipping Services in a research report on Wednesday, May 22nd. Finally, Citigroup cut shares of ZIM Integrated Shipping Services from a "neutral" rating to a "sell" rating and upped their target price for the stock from $11.60 to $13.00 in a research report on Thursday, June 6th. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $12.01.

ZIM Integrated Shipping Services Stock Down 15.1 %

The firm's fifty day moving average price is $19.25 and its 200-day moving average price is $14.38. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.98 and a quick ratio of 0.90. The firm has a market capitalization of $2.26 billion, a P/E ratio of -0.89, a PEG ratio of 0.20 and a beta of 1.85.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last released its earnings results on Tuesday, May 21st. The company reported $0.75 EPS for the quarter, missing the consensus estimate of $1.09 by ($0.34). ZIM Integrated Shipping Services had a negative net margin of 47.59% and a negative return on equity of 14.80%. The business had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.53 billion. As a group, equities research analysts forecast that ZIM Integrated Shipping Services Ltd. will post 3.42 earnings per share for the current year.

ZIM Integrated Shipping Services Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 11th. Investors of record on Tuesday, June 4th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 4.90%. The ex-dividend date of this dividend was Tuesday, June 4th. ZIM Integrated Shipping Services's dividend payout ratio is presently -4.35%.

Institutional Trading of ZIM Integrated Shipping Services

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. American Century Companies Inc. lifted its position in shares of ZIM Integrated Shipping Services by 12.4% in the 3rd quarter. American Century Companies Inc. now owns 898,491 shares of the company's stock valued at $9,389,000 after acquiring an additional 99,477 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in ZIM Integrated Shipping Services by 82.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 512,103 shares of the company's stock worth $5,054,000 after buying an additional 231,955 shares in the last quarter. International Assets Investment Management LLC lifted its position in ZIM Integrated Shipping Services by 1,204.6% in the 4th quarter. International Assets Investment Management LLC now owns 173,712 shares of the company's stock worth $17,600,000 after buying an additional 160,397 shares in the last quarter. Allianz Asset Management GmbH lifted its position in ZIM Integrated Shipping Services by 1,446.0% in the 4th quarter. Allianz Asset Management GmbH now owns 161,552 shares of the company's stock worth $1,595,000 after buying an additional 151,102 shares in the last quarter. Finally, Clear Harbor Asset Management LLC lifted its position in ZIM Integrated Shipping Services by 100.6% in the 4th quarter. Clear Harbor Asset Management LLC now owns 138,475 shares of the company's stock worth $1,367,000 after buying an additional 69,445 shares in the last quarter. 21.42% of the stock is owned by institutional investors and hedge funds.

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.