ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $13.49, but opened at $12.20. ZIM Integrated Shipping Services shares last traded at $12.36, with a volume of 2,371,485 shares traded.
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on the stock. Jefferies Financial Group reaffirmed a "hold" rating and set a $18.00 price target on shares of ZIM Integrated Shipping Services in a research note on Wednesday, March 12th. Barclays lowered their target price on shares of 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. reduced their price target on shares of ZIM Integrated Shipping Services from $10.00 to $9.50 and set an "underweight" rating for the company in a research report on Friday, March 7th. Five research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, ZIM Integrated Shipping Services has a consensus rating of "Hold" and a consensus target price of $13.54.
Check Out Our Latest Research Report on ZIM Integrated Shipping Services
ZIM Integrated Shipping Services Trading Down 7.3 %
The business's 50-day simple moving average is $18.45 and its 200-day simple moving average is $20.40. The company has a market cap of $1.51 billion, a price-to-earnings ratio of 1.05, a PEG ratio of 0.27 and a beta of 1.84. 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 (NYSE:ZIM - Get Free Report) last posted its earnings results on Wednesday, March 12th. The company reported $4.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.47 by $1.19. The firm had revenue of $2.17 billion for the quarter, compared to analyst estimates of $1.99 billion. ZIM Integrated Shipping Services had a return on equity of 48.63% and a net margin of 19.26%. Research analysts predict that ZIM Integrated Shipping Services Ltd. will post 16.75 earnings per share for the current fiscal year.
ZIM Integrated Shipping Services Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Monday, March 24th were paid a dividend of $3.17 per share. The ex-dividend date of this dividend was Monday, March 24th. This represents a $12.68 dividend on an annualized basis and a dividend yield of 101.36%. This is a positive change from ZIM Integrated Shipping Services's previous quarterly dividend of $2.81. ZIM Integrated Shipping Services's dividend payout ratio (DPR) is presently 6.51%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in ZIM. Altshuler Shaham Ltd raised its position in shares of ZIM Integrated Shipping Services by 650.0% in the fourth quarter. Altshuler Shaham Ltd now owns 1,500 shares of the company's stock valued at $32,000 after buying an additional 1,300 shares during the last quarter. Employees Retirement System of Texas acquired a new position in ZIM Integrated Shipping Services in the 4th quarter valued at $45,000. Sunbelt Securities Inc. purchased a new position in shares of ZIM Integrated Shipping Services during the 3rd quarter worth $71,000. Brown Brothers Harriman & Co. acquired a new stake in shares of ZIM Integrated Shipping Services during the fourth quarter worth $79,000. Finally, R Squared Ltd purchased a new stake in shares of ZIM Integrated Shipping Services in the fourth quarter valued at $88,000. 21.42% of the stock is currently owned by hedge funds and other institutional investors.
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
MarketBeat's analysts have just released their top five short plays for April 2025. Learn which stocks have the most short interest and how to trade them. Enter your email address to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
