ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Receives Consensus Recommendation of "Reduce" from Brokerages

Shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Get Free Report) have been assigned an average recommendation of "Reduce" from the seven analysts that are presently covering the company, Marketbeat.com reports. Five analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $13.54.

Several analysts have issued reports on ZIM shares. Jefferies Financial Group reiterated a "hold" rating and issued a $18.00 target price on shares of ZIM Integrated Shipping Services in a research note on Wednesday, March 12th. Barclays lowered their price objective on ZIM Integrated Shipping Services from $16.00 to $13.50 and set an "underweight" rating on the stock in a research report on Monday, March 17th. Finally, JPMorgan Chase & Co. lowered their price target on ZIM Integrated Shipping Services from $10.00 to $9.50 and set an "underweight" rating on the stock in a report on Friday, March 7th.

Institutional Trading of ZIM Integrated Shipping Services

Several hedge funds have recently added to or reduced their stakes in ZIM. Renaissance Technologies LLC grew its holdings in ZIM Integrated Shipping Services by 50.0% in the 4th quarter. Renaissance Technologies LLC now owns 5,726,631 shares of the company's stock worth $122,951,000 after acquiring an additional 1,909,480 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of ZIM Integrated Shipping Services by 33.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,784,352 shares of the company's stock worth $81,250,000 after purchasing an additional 940,587 shares during the last quarter. BNP Paribas Financial Markets purchased a new position in ZIM Integrated Shipping Services during the 4th quarter valued at about $16,381,000. JPMorgan Chase & Co. raised its position in ZIM Integrated Shipping Services by 59.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,811,447 shares of the company's stock valued at $46,482,000 after purchasing an additional 674,723 shares during the last quarter. Finally, Point72 Asset Management L.P. purchased a new stake in ZIM Integrated Shipping Services in the 4th quarter worth approximately $14,324,000. 21.42% of the stock is owned by institutional investors.

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ZIM Integrated Shipping Services Stock Performance

ZIM stock traded up $0.11 during midday trading on Friday, reaching $15.50. 6,002,619 shares of the company's stock traded hands, compared to its average volume of 5,860,890. The firm has a market capitalization of $1.87 billion, a PE ratio of 1.30, a price-to-earnings-growth ratio of 0.27 and a beta of 1.70. The company has a 50-day moving average price of $18.67 and a two-hundred day moving average price of $20.54. ZIM Integrated Shipping Services has a 52 week low of $9.75 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.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last issued its quarterly earnings data on Wednesday, March 12th. The company reported $4.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 business had revenue of $2.17 billion for the quarter, compared to analysts' expectations of $1.99 billion. As a group, equities analysts anticipate that ZIM Integrated Shipping Services will post 16.75 EPS for the current year.

ZIM Integrated Shipping Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Monday, March 24th will be paid a $3.17 dividend. This is a boost from ZIM Integrated Shipping Services's previous quarterly dividend of $2.81. The ex-dividend date is Monday, March 24th. This represents a $12.68 dividend on an annualized basis and a dividend yield of 81.83%. ZIM Integrated Shipping Services's dividend payout ratio is 6.51%.

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.