ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Given Average Rating of “Hold” by Analysts

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) has earned a consensus recommendation of “Hold” from the eight analysts that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, five have given a hold recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $18.1429.

A number of research firms have recently commented on ZIM. The Goldman Sachs Group reiterated a “neutral” rating and set a $21.00 target price on shares of ZIM Integrated Shipping Services in a research note on Wednesday, January 14th. Fearnley Fonds upgraded ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 18th. Barclays boosted their price objective on ZIM Integrated Shipping Services from $13.70 to $15.80 and gave the company an “underweight” rating in a research note on Monday, March 16th. Citigroup upgraded ZIM Integrated Shipping Services from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $11.50 to $31.80 in a research note on Thursday, February 19th. Finally, Weiss Ratings cut ZIM Integrated Shipping Services from a “buy (b-)” rating to a “hold (c-)” rating in a research note on Tuesday, March 10th.

Institutional Investors Weigh In On ZIM Integrated Shipping Services

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Assetmark Inc. bought a new stake in ZIM Integrated Shipping Services in the 1st quarter valued at about $59,000. Independent Financial Group LLC bought a new stake in shares of ZIM Integrated Shipping Services during the first quarter valued at about $272,000. Bank of New York Mellon Corp increased its position in shares of ZIM Integrated Shipping Services by 5.0% during the first quarter. Bank of New York Mellon Corp now owns 29,756 shares of the company’s stock valued at $784,000 after buying an additional 1,410 shares during the period. Hsbc Holdings PLC bought a new stake in shares of ZIM Integrated Shipping Services during the first quarter valued at about $16,409,000. Finally, Summit Securities Group LLC increased its position in shares of ZIM Integrated Shipping Services by 388.3% during the first quarter. Summit Securities Group LLC now owns 29,300 shares of the company’s stock valued at $772,000 after buying an additional 23,300 shares during the period. 21.42% of the stock is currently owned by institutional investors.

ZIM Integrated Shipping Services Trading Up 1.9%

NYSE ZIM opened at $26.58 on Friday. The stock has a market capitalization of $3.20 billion, a price-to-earnings ratio of 6.68 and a beta of 1.26. ZIM Integrated Shipping Services has a one year low of $12.33 and a one year high of $29.97. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.23 and a quick ratio of 1.15. The business’s fifty day moving average is $26.97 and its 200-day moving average is $22.44.

ZIM Integrated Shipping Services (NYSE:ZIM) last released its earnings results on Saturday, February 14th. The company reported $0.32 EPS for the quarter. The company had revenue of $1.48 billion for the quarter. ZIM Integrated Shipping Services had a return on equity of 9.33% and a net margin of 6.94%. Equities research analysts predict that ZIM Integrated Shipping Services will post -7.24 EPS for the current year.

ZIM Integrated Shipping Services Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Friday, March 20th were paid a $0.88 dividend. The ex-dividend date was Friday, March 20th. This represents a $3.52 dividend on an annualized basis and a yield of 13.2%. This is an increase from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.31. ZIM Integrated Shipping Services’s dividend payout ratio (DPR) is presently 1.51%.

ZIM Integrated Shipping Services Company Profile

ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) is a global container shipping company specializing in the transportation of dry cargo, refrigerated goods and special project cargo. The company operates a modern fleet of container vessels that call at major ports worldwide, offering scheduled liner services and tailored logistics solutions to exporters, importers and freight forwarders.

Founded in 1945 in Haifa, Israel, ZIM has grown from a regional carrier into a worldwide operator through a series of strategic partnerships, fleet expansions and network enhancements.