Analysts Set ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) PT at $15.04

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Get Free Report) has been given an average recommendation of "Reduce" by the seven ratings firms that are covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $15.04.

Several analysts recently weighed in on the company. Fearnley Fonds lowered ZIM Integrated Shipping Services from a "hold" rating to a "strong sell" rating in a report on Thursday, November 21st. Barclays lowered their price target on ZIM Integrated Shipping Services from $16.50 to $16.00 and set an "underweight" rating for the company in a report on Friday, January 10th. 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, Jefferies Financial Group lowered their target price on shares of ZIM Integrated Shipping Services from $28.00 to $22.00 and set a "hold" rating for the company in a research note on Tuesday, December 17th.

ZIM Integrated Shipping Services Stock Down 0.1 %

Shares of ZIM traded down $0.02 during midday trading on Thursday, hitting $18.10. The company had a trading volume of 3,392,241 shares, compared to its average volume of 5,391,088. 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 52 week low of $9.08 and a 52 week high of $30.15. The company's 50 day moving average price is $19.23 and its 200 day moving average price is $20.44. The stock has a market cap of $2.18 billion, a price-to-earnings ratio of 1.52, a PEG ratio of 0.23 and a beta of 1.74.

ZIM Integrated Shipping Services Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, December 2nd were given a $2.81 dividend. The ex-dividend date was Monday, December 2nd. This is a positive change from ZIM Integrated Shipping Services's previous quarterly dividend of $0.93. This represents a $11.24 annualized dividend and a yield of 62.12%. ZIM Integrated Shipping Services's dividend payout ratio (DPR) is currently 9.72%.

Hedge Funds Weigh In On ZIM Integrated Shipping Services

Several hedge funds and other institutional investors have recently modified their holdings of the company. HighTower Advisors LLC boosted its position in shares of ZIM Integrated Shipping Services by 20.5% during the fourth quarter. HighTower Advisors LLC now owns 12,246 shares of the company's stock worth $263,000 after buying an additional 2,080 shares during the period. Raymond James Financial Inc. bought a new stake in ZIM Integrated Shipping Services during the 4th quarter valued at $1,771,000. SBI Securities Co. Ltd. bought a new position in shares of ZIM Integrated Shipping Services in the fourth quarter worth $1,294,000. U S Global Investors Inc. acquired a new position in shares of ZIM Integrated Shipping Services during the fourth quarter valued at $345,000. Finally, Sigma Planning Corp raised its stake in shares of ZIM Integrated Shipping Services by 15.1% during the fourth quarter. Sigma Planning Corp now owns 43,232 shares of the company's stock valued at $928,000 after purchasing an additional 5,664 shares in the last quarter. Institutional investors and hedge funds own 21.42% of the company's stock.

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.