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

Shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Get Free Report) have been given a consensus recommendation of "Reduce" by the seven research firms that are presently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $15.04.

A number of equities research analysts recently issued reports on ZIM shares. Jefferies Financial Group lowered their price objective on ZIM Integrated Shipping Services from $28.00 to $22.00 and set a "hold" rating on the stock in a research report on Tuesday, December 17th. Clarkson Capital upgraded ZIM Integrated Shipping Services from a "hold" rating to a "strong-buy" rating in a research note on Friday, November 22nd. Fearnley Fonds downgraded ZIM Integrated Shipping Services from a "hold" rating to a "strong sell" rating in a research report on Thursday, November 21st. Finally, Barclays cut their target price on shares of ZIM Integrated Shipping Services from $16.50 to $16.00 and set an "underweight" rating for the company in a research report on Friday.

ZIM Integrated Shipping Services Price Performance

ZIM Integrated Shipping Services stock traded down $1.53 during midday trading on Friday, reaching $19.19. 9,615,391 shares of the stock were exchanged, compared to its average volume of 5,753,425. ZIM Integrated Shipping Services has a 52 week low of $9.08 and a 52 week high of $30.15. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.26 and a current ratio of 1.33. The firm has a market cap of $2.31 billion, a PE ratio of 1.61, a PEG ratio of 0.04 and a beta of 1.77. The company's fifty day moving average is $21.98 and its 200-day moving average is $20.78.

ZIM Integrated Shipping Services Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, December 2nd were paid a $2.81 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This is an increase from ZIM Integrated Shipping Services's previous quarterly dividend of $0.93. This represents a $11.24 annualized dividend and a yield of 58.57%. ZIM Integrated Shipping Services's payout ratio is currently 9.72%.

Hedge Funds Weigh In On ZIM Integrated Shipping Services

Institutional investors and hedge funds have recently bought and sold shares of the stock. Van ECK Associates Corp boosted its holdings in shares of ZIM Integrated Shipping Services by 1.6% during the third quarter. Van ECK Associates Corp now owns 38,079 shares of the company's stock worth $977,000 after purchasing an additional 591 shares during the period. Janney Montgomery Scott LLC lifted its holdings in ZIM Integrated Shipping Services by 2.1% in the 3rd quarter. Janney Montgomery Scott LLC now owns 44,292 shares of the company's stock worth $1,137,000 after buying an additional 915 shares during the period. Fairman Group LLC bought a new stake in shares of ZIM Integrated Shipping Services in the 3rd quarter worth approximately $26,000. Olympiad Research LP increased its stake in shares of ZIM Integrated Shipping Services by 12.9% during the third quarter. Olympiad Research LP now owns 10,588 shares of the company's stock valued at $272,000 after buying an additional 1,212 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of ZIM Integrated Shipping Services during the third quarter valued at approximately $31,000. 21.42% of the stock is currently owned by institutional investors.

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.