ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Given Consensus Recommendation of “Reduce” by Brokerages

Shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) have received a consensus recommendation of “Reduce” from the seven brokerages that are presently covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a strong buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $15.04.

A number of equities analysts have weighed in on the company. Fearnley Fonds lowered ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 21st. Clarkson Capital raised ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 22nd. Barclays lowered their price objective on ZIM Integrated Shipping Services from $16.50 to $16.00 and set an “underweight” rating on the stock in a research note on Friday, January 10th. Finally, Jefferies Financial Group lowered their price objective on ZIM Integrated Shipping Services from $28.00 to $22.00 and set a “hold” rating on the stock in a research note on Tuesday, December 17th.

Hedge Funds Weigh In On ZIM Integrated Shipping Services

Several large investors have recently modified their holdings of the business. ExodusPoint Capital Management LP lifted its stake in shares of ZIM Integrated Shipping Services by 134.6% in the 4th quarter. ExodusPoint Capital Management LP now owns 172,226 shares of the company’s stock valued at $3,698,000 after purchasing an additional 98,799 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of ZIM Integrated Shipping Services by 8.8% in the 4th quarter. Geode Capital Management LLC now owns 95,839 shares of the company’s stock valued at $2,058,000 after purchasing an additional 7,753 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of ZIM Integrated Shipping Services by 33.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,784,352 shares of the company’s stock valued at $81,250,000 after purchasing an additional 940,587 shares during the last quarter. Brown Brothers Harriman & Co. acquired a new position in ZIM Integrated Shipping Services during the 4th quarter worth about $79,000. Finally, WINTON GROUP Ltd acquired a new position in ZIM Integrated Shipping Services during the 4th quarter worth about $220,000. Institutional investors and hedge funds own 21.42% of the company’s stock.

ZIM Integrated Shipping Services Stock Performance

NYSE ZIM opened at $19.83 on Thursday. ZIM Integrated Shipping Services has a 1-year low of $9.08 and a 1-year high of $30.15. The company has a market cap of $2.39 billion, a PE ratio of 1.66, a price-to-earnings-growth ratio of 0.23 and a beta of 1.74. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.33 and a quick ratio of 1.26. The stock’s 50 day simple moving average is $19.25 and its 200-day simple moving average is $20.50.

ZIM Integrated Shipping Services Increases Dividend

The firm also recently declared 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 annualized dividend and a dividend yield of 56.68%. The ex-dividend date was Monday, December 2nd. This is a positive change from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.93. ZIM Integrated Shipping Services’s dividend payout ratio is 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.