ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $27.14 and last traded at $26.61, with a volume of 1556668 shares traded. The stock had previously closed at $25.01.
Analyst Ratings Changes
Several research firms have recently issued reports on ZIM. Barclays lifted their price target on ZIM Integrated Shipping Services from $12.30 to $13.90 and gave the stock an "underweight" rating in a research note on Wednesday, October 23rd. Bank of America lifted their price target on ZIM Integrated Shipping Services from $12.20 to $13.70 and gave the stock an "underperform" rating in a research note on Wednesday, August 28th. JPMorgan Chase & Co. reissued an "underweight" rating and issued a $10.50 target price on shares of ZIM Integrated Shipping Services in a research note on Tuesday, September 10th. Finally, Jefferies Financial Group downgraded shares of ZIM Integrated Shipping Services from a "buy" rating to a "hold" rating and set a $25.00 target price for the company. in a research note on Wednesday, October 2nd. Four equities research analysts have rated the stock with a sell rating and one has given a hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Reduce" and a consensus target price of $15.22.
Read Our Latest Research Report on ZIM Integrated Shipping Services
ZIM Integrated Shipping Services Stock Up 1.2 %
The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.97 and a current ratio of 1.04. The company has a market cap of $3.05 billion, a PE ratio of -1.64, a PEG ratio of 0.04 and a beta of 1.88. The firm has a fifty day simple moving average of $21.60 and a 200 day simple moving average of $19.91.
ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last posted its quarterly earnings results on Monday, August 19th. The company reported $3.08 EPS for the quarter, beating the consensus estimate of $2.07 by $1.01. The company had revenue of $1.93 billion during the quarter, compared to analysts' expectations of $1.71 billion. ZIM Integrated Shipping Services had a positive return on equity of 2.89% and a negative net margin of 32.81%. During the same quarter in the previous year, the business earned ($1.37) EPS. Equities research analysts predict that ZIM Integrated Shipping Services Ltd. will post 12.11 EPS for the current year.
ZIM Integrated Shipping Services Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Thursday, August 29th were issued a $0.93 dividend. This is a boost from ZIM Integrated Shipping Services's previous quarterly dividend of $0.23. The ex-dividend date was Thursday, August 29th. This represents a $3.72 annualized dividend and a yield of 14.69%. ZIM Integrated Shipping Services's payout ratio is -1.41%.
Institutional Trading of ZIM Integrated Shipping Services
A number of institutional investors have recently modified their holdings of ZIM. Oppenheimer & Co. Inc. purchased a new stake in shares of ZIM Integrated Shipping Services during the 1st quarter worth about $310,000. Russell Investments Group Ltd. lifted its position in ZIM Integrated Shipping Services by 1,431.1% during the 1st quarter. Russell Investments Group Ltd. now owns 6,063 shares of the company's stock worth $61,000 after acquiring an additional 5,667 shares in the last quarter. Entropy Technologies LP acquired a new position in ZIM Integrated Shipping Services during the 1st quarter worth approximately $854,000. Mitsubishi UFJ Trust & Banking Corp lifted its position in ZIM Integrated Shipping Services by 81.9% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 89,560 shares of the company's stock worth $956,000 after acquiring an additional 40,326 shares in the last quarter. Finally, Axxcess Wealth Management LLC acquired a new position in ZIM Integrated Shipping Services during the 1st quarter worth approximately $546,000. Hedge funds and other institutional investors own 21.42% of the company's stock.
About ZIM Integrated Shipping Services
(
Get Free Report)
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.
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