ZIM Integrated Shipping Services (NYSE:ZIM) Stock Price Up 6.7% - Still a Buy?

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Get Free Report)'s share price was up 6.7% during trading on Monday . The stock traded as high as $13.74 and last traded at $13.37. Approximately 5,549,790 shares were traded during mid-day trading, a decline of 7% from the average daily volume of 5,946,434 shares. The stock had previously closed at $12.52.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Bank of America decreased their price objective on ZIM Integrated Shipping Services from $16.00 to $12.80 and set an "underperform" rating on the stock in a report on Friday. JPMorgan Chase & Co. decreased their price objective on shares of ZIM Integrated Shipping Services from $10.00 to $9.50 and set an "underweight" rating on the stock in a research note on Friday, March 7th. Barclays decreased their target price on ZIM Integrated Shipping Services from $16.00 to $13.50 and set an "underweight" rating on the stock in a research report on Monday, March 17th. Finally, Jefferies Financial Group reiterated a "hold" rating and set a $18.00 price target on shares of ZIM Integrated Shipping Services in a report on Wednesday, March 12th. Five equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, ZIM Integrated Shipping Services presently has a consensus rating of "Hold" and an average price target of $13.36.

ZIM Integrated Shipping Services Trading Up 9.6 %

The company has a market cap of $1.66 billion, a price-to-earnings ratio of 1.16, a PEG ratio of 0.27 and a beta of 1.84. 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 has a 50 day moving average price of $17.77 and a two-hundred day moving average price of $19.98.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last announced 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 company had revenue of $2.17 billion for the quarter, compared to the consensus estimate 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, equities 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 business also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Monday, March 24th were given a dividend of $3.17 per share. This represents a $12.68 dividend on an annualized basis and a dividend yield of 91.84%. The ex-dividend date was Monday, March 24th. This is a boost from ZIM Integrated Shipping Services's previous quarterly dividend of $2.81. ZIM Integrated Shipping Services's dividend payout ratio is 6.51%.

Institutional Investors Weigh In On ZIM Integrated Shipping Services

A number of hedge funds have recently added to or reduced their stakes in the company. Lazard Asset Management LLC lifted its stake in shares of 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 buying an additional 722 shares in the last quarter. Mark Sheptoff Financial Planning LLC grew its position in shares of ZIM Integrated Shipping Services by 26.5% during the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 4,300 shares of the company's stock valued at $92,000 after acquiring an additional 900 shares during the period. Altshuler Shaham Ltd grew its holdings in ZIM Integrated Shipping Services by 650.0% during 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 period. Truist Financial Corp increased its holdings in ZIM Integrated Shipping Services by 10.2% in the 4th quarter. Truist Financial Corp now owns 14,804 shares of the company's stock worth $318,000 after acquiring an additional 1,376 shares during the last quarter. Finally, HighTower Advisors LLC increased its stake in shares of ZIM Integrated Shipping Services by 20.5% in the fourth quarter. HighTower Advisors LLC now owns 12,246 shares of the company's stock worth $263,000 after purchasing an additional 2,080 shares in 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.