Shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $21.45, but opened at $20.75. ZIM Integrated Shipping Services shares last traded at $20.76, with a volume of 893,642 shares traded.
Wall Street Analysts Forecast Growth
ZIM has been the subject of a number of recent analyst reports. Fearnley Fonds cut ZIM Integrated Shipping Services from a "hold" rating to a "strong sell" rating in a research note on Thursday, November 21st. Clarkson Capital raised shares of ZIM Integrated Shipping Services from a "hold" rating to a "strong-buy" rating in a research note on Friday, November 22nd. Jefferies Financial Group cut their price objective on shares of ZIM Integrated Shipping Services from $28.00 to $22.00 and set a "hold" rating on the stock in a research report on Tuesday, December 17th. JPMorgan Chase & Co. restated an "underweight" rating and issued a $10.50 price objective on shares of ZIM Integrated Shipping Services in a report on Tuesday, September 10th. Finally, Barclays upped their price target on shares of ZIM Integrated Shipping Services from $13.90 to $16.50 and gave the stock an "underweight" rating in a research report on Monday, November 25th. Five investment analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $15.14.
Check Out Our Latest Research Report on ZIM
ZIM Integrated Shipping Services Stock Performance
The stock has a 50 day moving average of $22.17 and a 200 day moving average of $20.79. The company has a quick ratio of 1.26, a current ratio of 1.33 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $2.58 billion, a price-to-earnings ratio of 1.80, a price-to-earnings-growth ratio of 0.04 and a beta of 1.77.
ZIM Integrated Shipping Services Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, December 2nd were issued a $2.81 dividend. This represents a $11.24 dividend on an annualized basis and a yield of 52.38%. This is a boost from ZIM Integrated Shipping Services's previous quarterly dividend of $0.93. The ex-dividend date of this dividend was Monday, December 2nd. ZIM Integrated Shipping Services's dividend payout ratio (DPR) is presently 9.72%.
Institutional Investors Weigh In On ZIM Integrated Shipping Services
A number of hedge funds have recently added to or reduced their stakes in the company. Renaissance Technologies LLC lifted its position in ZIM Integrated Shipping Services by 479.9% in the 2nd quarter. Renaissance Technologies LLC now owns 2,635,500 shares of the company's stock valued at $58,429,000 after acquiring an additional 2,181,000 shares in the last quarter. Marshall Wace LLP lifted its holdings in shares of ZIM Integrated Shipping Services by 638.6% in the second quarter. Marshall Wace LLP now owns 2,397,311 shares of the company's stock valued at $53,148,000 after purchasing an additional 2,072,715 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of 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 valued at $46,482,000 after buying an additional 674,723 shares during the last quarter. Encompass Capital Advisors LLC purchased a new stake in ZIM Integrated Shipping Services in the 2nd quarter valued at $14,383,000. Finally, International Assets Investment Management LLC lifted its stake in ZIM Integrated Shipping Services by 2,228.7% during the 3rd quarter. International Assets Investment Management LLC now owns 402,862 shares of the company's stock valued at $10,337,000 after acquiring an additional 385,562 shares in the last quarter. Institutional investors and hedge funds 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.
Featured Stories
Before you consider ZIM Integrated Shipping Services, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ZIM Integrated Shipping Services wasn't on the list.
While ZIM Integrated Shipping Services currently has a "Reduce" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
