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ZIM Integrated Shipping Services (NYSE:ZIM) Shares Gap Down - Should You Sell?

ZIM Integrated Shipping Services logo with Transportation background

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Get Free Report) shares gapped down prior to trading on Friday . The stock had previously closed at $16.62, but opened at $15.99. ZIM Integrated Shipping Services shares last traded at $16.47, with a volume of 2,620,988 shares.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on ZIM shares. Barclays lowered their price objective on shares of ZIM Integrated Shipping Services from $16.50 to $16.00 and set an "underweight" rating on the stock in a research note on Friday, January 10th. Fearnley Fonds cut shares of ZIM Integrated Shipping Services from a "hold" rating to a "strong sell" rating in a research note on Thursday, November 21st. Jefferies Financial Group decreased their target price on ZIM Integrated Shipping Services from $28.00 to $22.00 and set a "hold" rating on the stock in a report on Tuesday, December 17th. Finally, Clarkson Capital raised ZIM Integrated Shipping Services from a "hold" rating to a "strong-buy" rating in a report on Friday, November 22nd. Five analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $15.04.

Get Our Latest Stock Report on ZIM

ZIM Integrated Shipping Services Trading Down 0.8 %

The stock has a 50-day moving average price of $21.43 and a two-hundred day moving average price of $20.67. The stock has a market cap of $1.98 billion, a PE ratio of 1.38, a price-to-earnings-growth ratio of 0.22 and a beta of 1.77. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.33 and a quick ratio of 1.26.

ZIM Integrated Shipping Services Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, December 2nd were given a $2.81 dividend. This represents a $11.24 annualized dividend and a yield of 68.18%. The ex-dividend date of this dividend was Monday, December 2nd. This is a boost from ZIM Integrated Shipping Services's previous quarterly dividend of $0.93. ZIM Integrated Shipping Services's payout ratio is currently 9.72%.

Institutional Trading of ZIM Integrated Shipping Services

A number of large investors have recently made changes to their positions in the business. Fairman Group LLC bought a new stake in ZIM Integrated Shipping Services during the third quarter worth approximately $26,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in ZIM Integrated Shipping Services in the third quarter worth $31,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of ZIM Integrated Shipping Services by 2,341.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,929 shares of the company's stock worth $43,000 after purchasing an additional 1,850 shares during the last quarter. American Capital Advisory LLC purchased a new stake in shares of ZIM Integrated Shipping Services during the third quarter valued at $69,000. Finally, Sunbelt Securities Inc. bought a new position in shares of ZIM Integrated Shipping Services in the third quarter worth about $71,000. 21.42% of the stock is currently owned by institutional investors.

ZIM Integrated Shipping Services Company Profile

(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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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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