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

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Get Free Report) shares gapped down before the market opened on Monday . The stock had previously closed at $19.88, but opened at $19.40. ZIM Integrated Shipping Services shares last traded at $19.29, with a volume of 823,564 shares.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Fearnley Fonds downgraded ZIM Integrated Shipping Services from a "hold" rating to a "strong sell" rating in a report on Thursday, November 21st. Bank of America lifted their price target on ZIM Integrated Shipping Services from $12.20 to $13.70 and gave the company an "underperform" rating in a report on Wednesday, August 28th. Clarkson Capital upgraded ZIM Integrated Shipping Services from a "hold" rating to a "strong-buy" rating in a report on Friday, November 22nd. Barclays lifted their price target on ZIM Integrated Shipping Services from $13.90 to $16.50 and gave the company an "underweight" rating in a report on Monday, November 25th. Finally, Jefferies Financial Group reiterated a "hold" rating and issued a $25.00 price target on shares of ZIM Integrated Shipping Services in a report on Wednesday, November 20th. Five research analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, ZIM Integrated Shipping Services presently has an average rating of "Hold" and a consensus target price of $15.74.

ZIM Integrated Shipping Services Trading Down 1.9 %

The company has a 50 day moving average of $22.39 and a two-hundred day moving average of $20.70. 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 stock has a market capitalization of $2.35 billion, a PE ratio of 1.66, a P/E/G ratio of 0.04 and a beta of 1.78.

ZIM Integrated Shipping Services Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, December 2nd were paid a dividend of $2.81 per share. This represents a $11.24 annualized dividend and a yield of 57.63%. This is an increase from ZIM Integrated Shipping Services's previous quarterly dividend of $0.93. The ex-dividend date was Monday, December 2nd. ZIM Integrated Shipping Services's payout ratio is 9.72%.

Institutional Trading of ZIM Integrated Shipping Services

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Fairman Group LLC acquired a new stake in ZIM Integrated Shipping Services during the 3rd quarter worth about $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in ZIM Integrated Shipping Services during the 3rd quarter worth about $31,000. Northwestern Mutual Wealth Management Co. lifted its position in ZIM Integrated Shipping Services by 2,341.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,929 shares of the company's stock worth $43,000 after acquiring an additional 1,850 shares during the period. American Capital Advisory LLC acquired a new stake in ZIM Integrated Shipping Services during the 3rd quarter worth about $69,000. Finally, Sunbelt Securities Inc. acquired a new stake in ZIM Integrated Shipping Services during the 3rd quarter worth about $71,000. Institutional investors and hedge funds own 21.42% of the company's stock.

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.