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

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $18.24, but opened at $19.05. ZIM Integrated Shipping Services shares last traded at $18.93, with a volume of 2,385,748 shares changing hands.

Analysts Set New Price Targets

ZIM has been the topic of a number of recent analyst reports. Barclays reduced their target price on ZIM Integrated Shipping Services from $16.00 to $13.50 and set an "underweight" rating on the stock in a report on Monday. Fearnley Fonds lowered shares of ZIM Integrated Shipping Services from a "hold" rating to a "strong sell" rating in a research note on Thursday, November 21st. JPMorgan Chase & Co. lowered their target price on shares of 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. Clarkson Capital raised shares of ZIM Integrated Shipping Services from a "hold" rating to a "strong-buy" rating in a research report on Friday, November 22nd. Finally, Jefferies Financial Group restated a "hold" rating and issued a $18.00 price objective on shares of ZIM Integrated Shipping Services in a research report on Wednesday, March 12th. Five research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a strong buy rating to the stock. According to MarketBeat, ZIM Integrated Shipping Services has an average rating of "Hold" and an average price target of $13.54.

ZIM Integrated Shipping Services Price Performance

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's 50-day moving average price is $18.89 and its 200-day moving average price is $20.56. The company has a market cap of $2.15 billion, a P/E ratio of 1.49, a P/E/G ratio of 0.27 and a beta of 1.70.

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ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last released its earnings results on Wednesday, March 12th. The company reported $4.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.47 by $1.19. The firm had revenue of $2.17 billion during the quarter, compared to analysts' expectations of $1.99 billion. ZIM Integrated Shipping Services had a return on equity of 48.63% and a net margin of 19.26%. As a group, sell-side 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 company also recently announced 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 dividend on an annualized basis and a yield of 71.16%. The ex-dividend date is Monday, March 24th. 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 currently 6.51%.

Hedge Funds Weigh In On ZIM Integrated Shipping Services

A number of large investors have recently bought and sold shares of ZIM. Altshuler Shaham Ltd raised its holdings 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 purchasing an additional 1,300 shares during the last quarter. Employees Retirement System of Texas acquired a new stake in ZIM Integrated Shipping Services in the 4th quarter valued at $45,000. Sunbelt Securities Inc. acquired a new stake in ZIM Integrated Shipping Services in the 3rd quarter valued at $71,000. Brown Brothers Harriman & Co. bought a new stake in ZIM Integrated Shipping Services during the 4th quarter worth about $79,000. Finally, Mark Sheptoff Financial Planning LLC boosted its stake in shares of ZIM Integrated Shipping Services by 126.7% during the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 3,400 shares of the company's stock worth $87,000 after buying an additional 1,900 shares during the last quarter. Institutional investors and hedge funds own 21.42% of the company's stock.

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.