Shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Get Free Report) have been assigned an average recommendation of "Reduce" from the seven research firms that are covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $15.14.
A number of research firms have weighed in on ZIM. Clarkson Capital raised shares of ZIM Integrated Shipping Services from a "hold" rating to a "strong-buy" rating in a report on Friday, November 22nd. Fearnley Fonds lowered shares of ZIM Integrated Shipping Services from a "hold" rating to a "strong sell" rating in a research report on Thursday, November 21st. Barclays raised their target price on shares of 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. Jefferies Financial Group lowered their price objective on shares of ZIM Integrated Shipping Services from $28.00 to $22.00 and set a "hold" rating on the stock in a research report on Tuesday. Finally, Bank of America lifted their price objective on shares of ZIM Integrated Shipping Services from $12.20 to $13.70 and gave the company an "underperform" rating in a research report on Wednesday, August 28th.
Get Our Latest Stock Report on ZIM Integrated Shipping Services
ZIM Integrated Shipping Services Stock Down 1.2 %
NYSE:ZIM traded down $0.22 during mid-day trading on Wednesday, hitting $18.20. The stock had a trading volume of 4,649,945 shares, compared to its average volume of 6,248,448. The stock has a 50-day simple moving average of $22.37 and a two-hundred day simple moving average of $20.64. The company has a market capitalization of $2.19 billion, a PE ratio of 1.52, a PEG ratio of 0.04 and a beta of 1.78. ZIM Integrated Shipping Services has a twelve month low of $9.08 and a twelve month high of $30.15. The company has a current ratio of 1.33, a quick ratio of 1.26 and a debt-to-equity ratio of 1.11.
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 $2.81 dividend. This is an increase 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 annualized dividend and a yield of 61.76%. ZIM Integrated Shipping Services's payout ratio is presently 9.72%.
Institutional Trading of ZIM Integrated Shipping Services
Several hedge funds and other institutional investors have recently added to or reduced their stakes in ZIM. Renaissance Technologies LLC grew its holdings in ZIM Integrated Shipping Services by 479.9% in the 2nd quarter. Renaissance Technologies LLC now owns 2,635,500 shares of the company's stock valued at $58,429,000 after buying an additional 2,181,000 shares during the period. Marshall Wace LLP grew its holdings in ZIM Integrated Shipping Services by 638.6% in the 2nd quarter. Marshall Wace LLP now owns 2,397,311 shares of the company's stock valued at $53,148,000 after buying an additional 2,072,715 shares during the period. Encompass Capital Advisors LLC purchased a new stake in ZIM Integrated Shipping Services in the 2nd quarter valued at about $14,383,000. International Assets Investment Management LLC grew its holdings in ZIM Integrated Shipping Services by 2,228.7% in the 3rd quarter. International Assets Investment Management LLC now owns 402,862 shares of the company's stock valued at $10,337,000 after buying an additional 385,562 shares during the period. Finally, Quantbot Technologies LP grew its holdings in ZIM Integrated Shipping Services by 9,573.0% in the 3rd quarter. Quantbot Technologies LP now owns 370,477 shares of the company's stock valued at $9,506,000 after buying an additional 366,647 shares during the period. Hedge funds and other institutional investors own 21.42% of the company's stock.
ZIM Integrated Shipping Services Company Profile
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Get Free ReportZIM 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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