ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Receives $13.06 Consensus Price Target from Analysts

Shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Get Free Report) have earned a consensus recommendation of "Reduce" from the seven brokerages that are currently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a strong buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $13.06.

Several brokerages have recently weighed in on ZIM. JPMorgan Chase & Co. dropped their price objective on shares of ZIM Integrated Shipping Services from $10.00 to $9.50 and set an "underweight" rating on the stock in a research report on Friday, March 7th. Jefferies Financial Group restated a "hold" rating and set a $18.00 price objective on shares of ZIM Integrated Shipping Services in a research report on Wednesday, March 12th. Bank of America decreased their target price on ZIM Integrated Shipping Services from $16.00 to $12.80 and set an "underperform" rating on the stock in a research report on Friday, April 11th. Finally, Barclays dropped their price target on ZIM Integrated Shipping Services from $13.50 to $12.00 and set an "underweight" rating for the company in a report on Wednesday, April 16th.

ZIM Integrated Shipping Services Stock Performance

Shares of ZIM stock traded up $0.23 on Tuesday, reaching $14.33. The stock had a trading volume of 4,076,632 shares, compared to its average volume of 6,108,540. ZIM Integrated Shipping Services has a 12 month low of $11.04 and a 12 month high of $30.15. The firm has a market capitalization of $1.73 billion, a price-to-earnings ratio of 1.20, a P/E/G ratio of 0.27 and a beta of 1.84. The firm's 50-day moving average is $16.64 and its two-hundred day moving average is $19.42. 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 (NYSE:ZIM - Get Free Report) last released its quarterly earnings data on Wednesday, March 12th. The company reported $4.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.47 by $1.19. ZIM Integrated Shipping Services had a return on equity of 48.63% and a net margin of 19.26%. The firm had revenue of $2.17 billion for the quarter, compared to analyst estimates of $1.99 billion. On average, research analysts expect that ZIM Integrated Shipping Services will post 16.75 EPS for the current fiscal year.

ZIM Integrated Shipping Services Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Monday, March 24th were paid a $3.17 dividend. This represents a $12.68 dividend on an annualized basis and a yield of 88.49%. This is a boost from ZIM Integrated Shipping Services's previous quarterly dividend of $2.81. The ex-dividend date was Monday, March 24th. ZIM Integrated Shipping Services's dividend payout ratio (DPR) is 6.51%.

Institutional Investors Weigh In On ZIM Integrated Shipping Services

A number of large investors have recently modified their holdings of the business. JPMorgan Chase & Co. raised its stake in ZIM Integrated Shipping Services by 59.4% during the third quarter. JPMorgan Chase & Co. now owns 1,811,447 shares of the company's stock worth $46,482,000 after acquiring an additional 674,723 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in ZIM Integrated Shipping Services in the fourth quarter valued at approximately $1,771,000. Decker Retirement Planning Inc. acquired a new position in shares of ZIM Integrated Shipping Services during the fourth quarter worth $5,509,000. HighTower Advisors LLC boosted its holdings in shares of ZIM Integrated Shipping Services by 20.5% during the 4th quarter. HighTower Advisors LLC now owns 12,246 shares of the company's stock valued at $263,000 after acquiring an additional 2,080 shares in the last quarter. Finally, Truist Financial Corp grew its position in ZIM Integrated Shipping Services by 10.2% during the 4th quarter. Truist Financial Corp now owns 14,804 shares of the company's stock worth $318,000 after acquiring an additional 1,376 shares during 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.