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

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Get Free Report) gapped up before the market opened on Friday . The stock had previously closed at $15.39, but opened at $15.77. ZIM Integrated Shipping Services shares last traded at $15.64, with a volume of 1,779,972 shares changing hands.

Analyst Ratings Changes

A number of equities research analysts have commented on ZIM shares. JPMorgan Chase & Co. reduced their price objective on ZIM Integrated Shipping Services from $10.00 to $9.50 and set an "underweight" rating for the company in a research note on Friday, March 7th. Jefferies Financial Group reissued a "hold" rating and issued a $18.00 price target on shares of ZIM Integrated Shipping Services in a research report on Wednesday, March 12th. Finally, Barclays decreased their price target on shares of ZIM Integrated Shipping Services from $16.00 to $13.50 and set an "underweight" rating for the company in a research note on Monday, March 17th. Five 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. Based on data from MarketBeat.com, ZIM Integrated Shipping Services has a consensus rating of "Hold" and a consensus price target of $13.54.

ZIM Integrated Shipping Services Trading Up 0.7 %

The firm's 50 day moving average is $18.67 and its 200 day moving average is $20.54. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.33 and a quick ratio of 1.26. The company has a market cap of $1.87 billion, a PE ratio of 1.30, a PEG ratio of 0.27 and a beta of 1.70.

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ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last posted its quarterly earnings data on Wednesday, March 12th. The company reported $4.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.47 by $1.19. The company had revenue of $2.17 billion during 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%. On average, equities analysts anticipate that ZIM Integrated Shipping Services Ltd. will post 16.75 earnings per share for the current year.

ZIM Integrated Shipping Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Monday, March 24th will be given a $3.17 dividend. This represents a $12.68 annualized dividend and a dividend yield of 81.83%. This is a boost from ZIM Integrated Shipping Services's previous quarterly dividend of $2.81. The ex-dividend date of this dividend is Monday, March 24th. ZIM Integrated Shipping Services's dividend payout ratio is 6.51%.

Institutional Investors Weigh In On ZIM Integrated Shipping Services

Several hedge funds have recently bought and sold shares of ZIM. Renaissance Technologies LLC lifted its holdings in shares of ZIM Integrated Shipping Services by 50.0% during the 4th quarter. Renaissance Technologies LLC now owns 5,726,631 shares of the company's stock worth $122,951,000 after acquiring an additional 1,909,480 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in ZIM Integrated Shipping Services by 33.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,784,352 shares of the company's stock valued at $81,250,000 after purchasing an additional 940,587 shares in the last quarter. BNP Paribas Financial Markets purchased a new position in shares of ZIM Integrated Shipping Services in the 4th quarter worth about $16,381,000. JPMorgan Chase & Co. increased its position in shares of ZIM Integrated Shipping Services by 59.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,811,447 shares of the company's stock valued at $46,482,000 after purchasing an additional 674,723 shares during the last quarter. Finally, Point72 Asset Management L.P. purchased a new position in shares of ZIM Integrated Shipping Services during the 4th quarter valued at about $14,324,000. 21.42% of the stock is currently owned by 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.