ZIM Integrated Shipping Services (NYSE:ZIM) Shares Gap Up - Time to Buy?

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Get Free Report)'s share price gapped up prior to trading on Tuesday . The stock had previously closed at $19.37, but opened at $20.24. ZIM Integrated Shipping Services shares last traded at $20.88, with a volume of 1,013,463 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Barclays dropped 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 report on Friday, January 10th. Fearnley Fonds lowered ZIM Integrated Shipping Services from a "hold" rating to a "strong sell" rating in a report on Thursday, November 21st. Jefferies Financial Group decreased their price target on ZIM Integrated Shipping Services from $28.00 to $22.00 and set a "hold" rating for the company 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 research report on Friday, November 22nd. Five analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, ZIM Integrated Shipping Services has a consensus rating of "Hold" and an average price target of $15.04.

ZIM Integrated Shipping Services Trading Up 2.0 %

The business's 50-day moving average price is $19.23 and its 200-day moving average price is $20.49. The firm has a market capitalization of $2.42 billion, a PE ratio of 1.68, a price-to-earnings-growth ratio of 0.23 and a beta of 1.74. 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 company also recently declared a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, December 2nd were issued a dividend of $2.81 per share. This is a boost from ZIM Integrated Shipping Services's previous quarterly dividend of $0.93. This represents a $11.24 annualized dividend and a yield of 56.00%. The ex-dividend date was Monday, December 2nd. ZIM Integrated Shipping Services's dividend payout ratio is currently 9.72%.

Institutional Trading of ZIM Integrated Shipping Services

A number of institutional investors have recently modified their holdings of the business. Fairman Group LLC purchased a new stake in ZIM Integrated Shipping Services during the third quarter worth $26,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in ZIM Integrated Shipping Services in the 3rd quarter valued at about $31,000. 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 stake in ZIM Integrated Shipping Services during the fourth quarter worth approximately $45,000. Finally, American Capital Advisory LLC purchased a new stake in ZIM Integrated Shipping Services in the 3rd quarter worth approximately $69,000. 21.42% of the stock is currently owned by hedge funds and other institutional investors.

ZIM Integrated Shipping Services Company Profile

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.