ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Get Free Report)'s share price shot up 5.6% during trading on Tuesday . The stock traded as high as $15.23 and last traded at $15.41. 1,863,369 shares changed hands during trading, a decline of 68% from the average session volume of 5,850,872 shares. The stock had previously closed at $14.59.
Analysts Set New Price Targets
A number of equities analysts recently weighed in on the company. JPMorgan Chase & Co. decreased their price objective on ZIM Integrated Shipping Services from $10.00 to $9.50 and set an "underweight" rating on the stock in a report on Friday, March 7th. Jefferies Financial Group restated a "hold" rating and issued a $18.00 price objective on shares of ZIM Integrated Shipping Services in a report on Wednesday, March 12th. Finally, Barclays reduced 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 report on Monday, March 17th. Five equities 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. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $13.54.
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ZIM Integrated Shipping Services Price Performance
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 firm's fifty day moving average price is $18.53 and its 200-day moving average price is $20.43. The stock has a market cap of $1.63 billion, a P/E ratio of 1.13, a PEG ratio of 0.27 and a beta of 1.70.
ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last released its quarterly earnings data 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 analysts' expectations of $1.99 billion. ZIM Integrated Shipping Services had a net margin of 19.26% and a return on equity of 48.63%. Analysts forecast that ZIM Integrated Shipping Services Ltd. will post 16.75 earnings per share for the current year.
ZIM Integrated Shipping Services Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Monday, March 24th will be given a dividend of $3.17 per share. This is a positive change from ZIM Integrated Shipping Services's previous quarterly dividend of $2.81. The ex-dividend date of this dividend is Monday, March 24th. This represents a $12.68 dividend on an annualized basis and a yield of 93.82%. ZIM Integrated Shipping Services's dividend payout ratio is presently 6.51%.
Institutional Investors Weigh In On ZIM Integrated Shipping Services
A number of large investors have recently made changes to their positions in ZIM. Renaissance Technologies LLC boosted its holdings in ZIM Integrated Shipping Services by 50.0% in the fourth quarter. Renaissance Technologies LLC now owns 5,726,631 shares of the company's stock valued at $122,951,000 after acquiring an additional 1,909,480 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of ZIM Integrated Shipping Services by 33.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,784,352 shares of the company's stock worth $81,250,000 after purchasing an additional 940,587 shares during the period. BNP Paribas Financial Markets bought a new stake in shares of ZIM Integrated Shipping Services during the 4th quarter valued at about $16,381,000. JPMorgan Chase & Co. increased its position in shares of ZIM Integrated Shipping Services by 59.4% during the third quarter. JPMorgan Chase & Co. now owns 1,811,447 shares of the company's stock valued at $46,482,000 after buying an additional 674,723 shares during the period. Finally, Point72 Asset Management L.P. bought a new position in ZIM Integrated Shipping Services in the fourth quarter worth about $14,324,000. 21.42% of the stock is currently owned by institutional investors.
About ZIM Integrated Shipping Services
(
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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.
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