ZIM Integrated Shipping Services (NYSE:ZIM) Trading 6.4% Higher - What's Next?

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Get Free Report)'s stock price traded up 6.4% on Monday . The stock traded as high as $19.04 and last traded at $19.24. 1,655,321 shares changed hands during trading, a decline of 69% from the average session volume of 5,289,694 shares. The stock had previously closed at $18.09.

Analyst Upgrades and Downgrades

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

ZIM Integrated Shipping Services Stock Performance

The stock has a market capitalization of $2.37 billion, a P/E ratio of 1.65, a PEG ratio of 0.23 and a beta of 1.74. 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 company has a 50-day moving average price of $19.25 and a two-hundred day moving average price of $20.50.

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 issued a $2.81 dividend. This represents a $11.24 annualized dividend and a yield of 57.13%. This is an increase from ZIM Integrated Shipping Services's previous quarterly dividend of $0.93. The ex-dividend date was Monday, December 2nd. ZIM Integrated Shipping Services's dividend payout ratio (DPR) is presently 9.72%.

Institutional Investors Weigh In On ZIM Integrated Shipping Services

Several large investors have recently added to or reduced their stakes in the business. Fairman Group LLC purchased a new position in shares of ZIM Integrated Shipping Services during the third quarter worth about $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of ZIM Integrated Shipping Services during the 3rd quarter worth $31,000. Altshuler Shaham Ltd grew its position in ZIM Integrated Shipping Services by 650.0% in the fourth quarter. Altshuler Shaham Ltd now owns 1,500 shares of the company's stock worth $32,000 after acquiring an additional 1,300 shares in the last quarter. Employees Retirement System of Texas bought a new position in ZIM Integrated Shipping Services in the fourth quarter valued at $45,000. Finally, American Capital Advisory LLC purchased a new stake in ZIM Integrated Shipping Services during the third quarter valued at about $69,000. 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.