ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Receives Average Recommendation of “Reduce” from Analysts

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) has been given a consensus recommendation of “Reduce” by the seven analysts that are currently covering the company, MarketBeat.com reports. 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 company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $15.04.

A number of research analysts have commented on the stock. Jefferies Financial Group cut their target price on shares of ZIM Integrated Shipping Services from $28.00 to $22.00 and set a “hold” rating on the stock in a research report on Tuesday, December 17th. Barclays reduced their price objective on shares of ZIM Integrated Shipping Services from $16.50 to $16.00 and set an “underweight” rating for the company in a research note on Friday. Fearnley Fonds cut ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 21st. Finally, Clarkson Capital raised ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 22nd.

Institutional Investors Weigh In On ZIM Integrated Shipping Services

A number of large investors have recently modified their holdings of ZIM. Van ECK Associates Corp lifted its stake in shares of ZIM Integrated Shipping Services by 1.6% during the third quarter. Van ECK Associates Corp now owns 38,079 shares of the company’s stock worth $977,000 after buying an additional 591 shares during the period. Janney Montgomery Scott LLC lifted its position in ZIM Integrated Shipping Services by 2.1% during the 3rd quarter. Janney Montgomery Scott LLC now owns 44,292 shares of the company’s stock worth $1,137,000 after acquiring an additional 915 shares during the period. Fairman Group LLC purchased a new stake in ZIM Integrated Shipping Services during the 3rd quarter valued at about $26,000. Olympiad Research LP increased its holdings in shares of ZIM Integrated Shipping Services by 12.9% in the third quarter. Olympiad Research LP now owns 10,588 shares of the company’s stock valued at $272,000 after purchasing an additional 1,212 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of ZIM Integrated Shipping Services in the third quarter worth about $31,000. Hedge funds and other institutional investors own 21.42% of the company’s stock.

ZIM Integrated Shipping Services Stock Performance

Shares of ZIM Integrated Shipping Services stock opened at $19.19 on Friday. 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’s fifty day moving average price is $21.98 and its 200-day moving average price is $20.78. The firm has a market cap of $2.31 billion, a P/E ratio of 1.61, a P/E/G ratio of 0.04 and a beta of 1.77. ZIM Integrated Shipping Services has a 12 month low of $9.08 and a 12 month high of $30.15.

ZIM Integrated Shipping Services Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, December 2nd were given a dividend of $2.81 per share. This is a positive change from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.93. This represents a $11.24 annualized dividend and a yield of 58.57%. The ex-dividend date was Monday, December 2nd. ZIM Integrated Shipping Services’s dividend payout ratio is currently 9.72%.

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.