ZIM Integrated Shipping Services (NYSE:ZIM) Shares Gap Up - Should You Buy?

Shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Get Free Report) 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 traded.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on ZIM shares. Clarkson Capital upgraded ZIM Integrated Shipping Services from a "hold" rating to a "strong-buy" rating in a research report on Friday, November 22nd. Fearnley Fonds downgraded shares of ZIM Integrated Shipping Services from a "hold" rating to a "strong sell" rating in a research note on Thursday, November 21st. Barclays lowered their price objective on shares of ZIM Integrated Shipping Services from $16.50 to $16.00 and set an "underweight" rating for the company in a research report on Friday, January 10th. Finally, Jefferies Financial Group dropped their target price on shares of ZIM Integrated Shipping Services from $28.00 to $22.00 and set a "hold" rating on the stock in a research note on Tuesday, December 17th. Five research analysts have rated the stock with a sell rating, one has given a hold rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, ZIM Integrated Shipping Services currently has a consensus rating of "Hold" and a consensus price target of $15.04.

ZIM Integrated Shipping Services Trading Up 2.3 %

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 stock's 50 day moving average is $19.22 and its two-hundred day moving average is $20.52. The company has a market capitalization of $2.42 billion, a PE ratio of 1.69, a price-to-earnings-growth ratio of 0.23 and a beta of 1.74.

ZIM Integrated Shipping Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, December 2nd were paid a dividend of $2.81 per share. The ex-dividend date was Monday, December 2nd. This is an increase from ZIM Integrated Shipping Services's previous quarterly dividend of $0.93. This represents a $11.24 dividend on an annualized basis and a dividend yield of 55.85%. ZIM Integrated Shipping Services's dividend payout ratio (DPR) is currently 9.72%.

Hedge Funds Weigh In On ZIM Integrated Shipping Services

Several institutional investors have recently bought and sold shares of the business. Nomura Holdings Inc. bought a new stake in ZIM Integrated Shipping Services during the 4th quarter valued at $13,148,000. Nuveen Asset Management LLC lifted its stake in shares of ZIM Integrated Shipping Services by 750.0% during the 4th quarter. Nuveen Asset Management LLC now owns 625,833 shares of the company's stock worth $13,437,000 after purchasing an additional 552,206 shares during the last quarter. OMERS ADMINISTRATION Corp bought a new stake in ZIM Integrated Shipping Services during the fourth quarter valued at about $1,246,000. Lazard Asset Management LLC grew its stake in ZIM Integrated Shipping Services by 4.9% in the fourth quarter. Lazard Asset Management LLC now owns 15,443 shares of the company's stock valued at $331,000 after purchasing an additional 722 shares during the last quarter. Finally, Lighthouse Investment Partners LLC bought a new position in ZIM Integrated Shipping Services in the fourth quarter worth about $733,000. 21.42% of the stock is owned by hedge funds and other institutional investors.

About ZIM Integrated Shipping Services

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.