ZIM Integrated Shipping Services (NYSE:ZIM) Shares Up 6.1% - Should You Buy?

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Get Free Report)'s share price shot up 6.1% during mid-day trading on Monday . The company traded as high as $17.92 and last traded at $17.90. 1,781,492 shares changed hands during mid-day trading, a decline of 69% from the average session volume of 5,793,949 shares. The stock had previously closed at $16.87.

Analyst Upgrades and Downgrades

ZIM has been the subject of a number of analyst reports. Jefferies Financial Group cut their price objective on shares of ZIM Integrated Shipping Services from $28.00 to $22.00 and set a "hold" rating for the company in a research report on Tuesday, December 17th. Barclays cut their price target on shares of ZIM Integrated Shipping Services from $16.50 to $16.00 and set an "underweight" rating for the company in a report on Friday, January 10th. Clarkson Capital upgraded ZIM Integrated Shipping Services from a "hold" rating to a "strong-buy" rating in a research report on Friday, November 22nd. Finally, Fearnley Fonds cut ZIM Integrated Shipping Services from a "hold" rating to a "strong sell" rating in a research report on Thursday, November 21st. 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 stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $15.04.

ZIM Integrated Shipping Services Stock Down 1.6 %

The stock's fifty day moving average price is $19.64 and its 200 day moving average price is $20.42. The company has a current ratio of 1.33, a quick ratio of 1.26 and a debt-to-equity ratio of 1.11. The stock has a market cap of $2.14 billion, a P/E ratio of 1.49, a price-to-earnings-growth ratio of 0.23 and a beta of 1.77.

ZIM Integrated Shipping Services Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, December 2nd were given a dividend of $2.81 per share. This is an increase from ZIM Integrated Shipping Services's previous quarterly dividend of $0.93. The ex-dividend date was Monday, December 2nd. This represents a $11.24 dividend on an annualized basis and a yield of 63.20%. ZIM Integrated Shipping Services's dividend payout ratio (DPR) is presently 9.72%.

Institutional Trading of ZIM Integrated Shipping Services

A number of hedge funds have recently bought and sold shares of the company. Fairman Group LLC purchased a new position in shares of ZIM Integrated Shipping Services during the third quarter worth approximately $26,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in ZIM Integrated Shipping Services in the 3rd quarter worth $31,000. Northwestern Mutual Wealth Management Co. lifted its stake in ZIM Integrated Shipping Services by 2,341.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,929 shares of the company's stock worth $43,000 after purchasing an additional 1,850 shares during the last quarter. American Capital Advisory LLC purchased a new stake in ZIM Integrated Shipping Services during the third quarter valued at about $69,000. Finally, Sunbelt Securities Inc. bought a new position in shares of ZIM Integrated Shipping Services during the third quarter valued at about $71,000. Institutional investors own 21.42% of the company's stock.

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.