ZIM Integrated Shipping Services (NYSE:ZIM) Stock Price Down 4.6% - Should You Sell?

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Get Free Report)'s share price fell 4.6% on Wednesday . The stock traded as low as $23.01 and last traded at $23.21. Approximately 760,460 shares changed hands during trading, a decline of 88% from the average session volume of 6,107,972 shares. The stock had previously closed at $24.34.

Analyst Ratings Changes

Several research analysts recently commented on the company. Barclays boosted their price target on ZIM Integrated Shipping Services from $12.30 to $13.90 and gave the stock an "underweight" rating in a research note on Wednesday. Jefferies Financial Group lowered shares of ZIM Integrated Shipping Services from a "buy" rating to a "hold" rating and set a $25.00 price target for the company. in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. reiterated an "underweight" rating and set a $10.50 price objective on shares of ZIM Integrated Shipping Services in a research note on Tuesday, September 10th. Finally, Bank of America boosted their target price on shares of ZIM Integrated Shipping Services from $12.20 to $13.70 and gave the stock an "underperform" rating in a research report on Wednesday, August 28th. Four research analysts have rated the stock with a sell rating and one has given a hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Reduce" and an average price target of $15.22.

ZIM Integrated Shipping Services Trading Down 7.7 %

The firm's 50 day simple moving average is $20.30 and its two-hundred day simple moving average is $18.52. 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 stock has a market cap of $2.70 billion, a P/E ratio of -1.06, a price-to-earnings-growth ratio of 0.04 and a beta of 1.86.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last issued its earnings results on Monday, August 19th. The company reported $3.08 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.93 billion for the quarter, compared to analysts' expectations of $1.71 billion. During the same quarter last year, the company posted ($1.37) earnings per share. As a group, equities research analysts predict that ZIM Integrated Shipping Services Ltd. will post 11.22 earnings per share for the current fiscal year.

ZIM Integrated Shipping Services Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Thursday, August 29th were issued a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a dividend yield of 16.56%. This is a positive change from ZIM Integrated Shipping Services's previous quarterly dividend of $0.23. The ex-dividend date was Thursday, August 29th. ZIM Integrated Shipping Services's dividend payout ratio (DPR) is -4.35%.

Institutional Investors Weigh In On ZIM Integrated Shipping Services

Several institutional investors have recently bought and sold shares of ZIM. Fairman Group LLC acquired a new stake in shares of ZIM Integrated Shipping Services in the 3rd quarter worth approximately $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of ZIM Integrated Shipping Services during the 3rd quarter valued at $31,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of 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 worth $43,000 after buying an additional 1,850 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of ZIM Integrated Shipping Services by 1,431.1% in the first quarter. Russell Investments Group Ltd. now owns 6,063 shares of the company's stock valued at $61,000 after buying an additional 5,667 shares during the period. Finally, Mather Group LLC. bought a new position in ZIM Integrated Shipping Services during the second quarter valued at about $96,000. 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.