ZIM Integrated Shipping Services (NYSE:ZIM) Shares Up 10.1% - What's Next?

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Get Free Report)'s share price rose 10.1% during trading on Monday . The stock traded as high as $15.82 and last traded at $16.13. Approximately 2,833,158 shares traded hands during mid-day trading, a decline of 50% from the average daily volume of 5,656,987 shares. The stock had previously closed at $14.65.

Analysts Set New Price Targets

Several analysts have recently weighed in on ZIM shares. Jefferies Financial Group restated a "hold" rating and set a $18.00 price objective on shares of ZIM Integrated Shipping Services in a research report on Wednesday, March 12th. Barclays reduced their price target on shares of ZIM Integrated Shipping Services from $16.00 to $13.50 and set an "underweight" rating for the company in a research report on Monday, March 17th. Finally, JPMorgan Chase & Co. dropped 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. 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 stock presently has an average rating of "Hold" and an average target price of $13.54.

ZIM Integrated Shipping Services Price Performance

The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.26 and a current ratio of 1.33. The company has a market capitalization of $1.83 billion, a PE ratio of 1.27, a P/E/G ratio of 0.27 and a beta of 1.70. The company's 50-day simple moving average is $18.75 and its 200-day simple moving average is $20.59.

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ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last released its quarterly 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 for the quarter, compared to analyst estimates 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 anticipate 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 declared a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Monday, March 24th will be paid a dividend of $3.17 per share. This represents a $12.68 annualized dividend and a dividend yield of 83.48%. The ex-dividend date of this dividend is 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%.

Hedge Funds Weigh In On ZIM Integrated Shipping Services

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Altshuler Shaham Ltd lifted its stake in shares of ZIM Integrated Shipping Services by 650.0% in the 4th quarter. Altshuler Shaham Ltd now owns 1,500 shares of the company's stock worth $32,000 after acquiring an additional 1,300 shares during the period. Employees Retirement System of Texas purchased a new position in ZIM Integrated Shipping Services during the fourth quarter worth about $45,000. Sunbelt Securities Inc. acquired a new stake in ZIM Integrated Shipping Services in the third quarter valued at about $71,000. Brown Brothers Harriman & Co. purchased a new stake in ZIM Integrated Shipping Services in the 4th quarter valued at approximately $79,000. Finally, Mark Sheptoff Financial Planning LLC increased its position in 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 purchasing an additional 1,900 shares during the period. 21.42% of the stock is currently 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.