ZIM Integrated Shipping Services (NYSE:ZIM) Trading Up 5.9% - Still a Buy?

Shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Get Free Report) rose 5.9% on Monday . The stock traded as high as $19.50 and last traded at $19.37. Approximately 1,263,337 shares changed hands during mid-day trading, a decline of 80% from the average daily volume of 6,204,195 shares. The stock had previously closed at $18.29.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ZIM. Barclays upped their target price on ZIM Integrated Shipping Services from $13.90 to $16.50 and gave the company an "underweight" rating in a report on Monday, November 25th. Bank of America boosted their price target on ZIM Integrated Shipping Services from $12.20 to $13.70 and gave the company an "underperform" rating in a research note on Wednesday, August 28th. Clarkson Capital upgraded shares of ZIM Integrated Shipping Services from a "hold" rating to a "strong-buy" rating in a research note on Friday, November 22nd. JPMorgan Chase & Co. reissued an "underweight" rating and set a $10.50 target price on shares of ZIM Integrated Shipping Services in a research note on Tuesday, September 10th. Finally, 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. 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $15.14.

ZIM Integrated Shipping Services Price Performance

The company has a fifty day moving average of $22.34 and a 200-day moving average of $20.58. The firm has a market cap of $2.46 billion, a P/E ratio of 1.71, a P/E/G ratio of 0.04 and a beta of 1.78. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.33 and a quick ratio of 1.26.

ZIM Integrated Shipping Services Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, December 2nd were paid a $2.81 dividend. This represents a $11.24 dividend on an annualized basis and a dividend yield of 54.91%. The ex-dividend date of this dividend was Monday, December 2nd. This is an increase from ZIM Integrated Shipping Services's previous quarterly dividend of $0.93. ZIM Integrated Shipping Services's payout ratio is presently 9.72%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of ZIM. Fairman Group LLC purchased a new position in shares of ZIM Integrated Shipping Services in the 3rd quarter worth about $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in ZIM Integrated Shipping Services in the 3rd quarter worth approximately $31,000. Northwestern Mutual Wealth Management Co. raised its position in shares of 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 buying an additional 1,850 shares in the last quarter. American Capital Advisory LLC purchased a new stake in shares of ZIM Integrated Shipping Services in the 3rd quarter valued at about $69,000. Finally, Sunbelt Securities Inc. bought a new stake in ZIM Integrated Shipping Services during the third quarter valued at approximately $71,000. Hedge funds and other 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.