ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Receives Consensus Rating of “Hold” from Brokerages

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) has been assigned an average rating of “Hold” from the seven brokerages that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $17.8333.

Several research firms have recently commented on ZIM. Fearnley Fonds raised shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 18th. Barclays boosted their target price on shares of ZIM Integrated Shipping Services from $13.70 to $15.80 and gave the stock an “underweight” rating in a research report on Monday, March 16th. Citigroup raised shares of ZIM Integrated Shipping Services from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $11.50 to $31.80 in a research report on Thursday, February 19th. Finally, Weiss Ratings downgraded shares of ZIM Integrated Shipping Services from a “buy (b-)” rating to a “hold (c-)” rating in a research report on Tuesday, March 10th.

Institutional Investors Weigh In On ZIM Integrated Shipping Services

Hedge funds and other institutional investors have recently made changes to their positions in the business. Hoey Investments Inc. bought a new stake in shares of ZIM Integrated Shipping Services during the fourth quarter worth about $25,000. Lodestone Wealth Management LLC bought a new stake in shares of ZIM Integrated Shipping Services during the fourth quarter worth about $29,000. Huntington National Bank grew its position in ZIM Integrated Shipping Services by 200,000.0% in the 4th quarter. Huntington National Bank now owns 2,001 shares of the company’s stock worth $42,000 after purchasing an additional 2,000 shares in the last quarter. Assetmark Inc. bought a new stake in ZIM Integrated Shipping Services in the 1st quarter worth about $59,000. Finally, Quarry LP bought a new stake in ZIM Integrated Shipping Services in the 3rd quarter worth about $34,000. 21.42% of the stock is owned by institutional investors.

ZIM Integrated Shipping Services Trading Down 0.0%

ZIM opened at $25.23 on Wednesday. ZIM Integrated Shipping Services has a 1-year low of $12.33 and a 1-year high of $29.97. The company has a current ratio of 1.19, a quick ratio of 1.09 and a debt-to-equity ratio of 1.14. The company has a market cap of $3.04 billion, a P/E ratio of 31.15 and a beta of 1.26. The company has a fifty day moving average price of $26.25 and a two-hundred day moving average price of $23.46.

ZIM Integrated Shipping Services (NYSE:ZIM) last posted its earnings results on Wednesday, May 20th. The company reported ($0.72) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.50). The business had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.48 billion. ZIM Integrated Shipping Services had a negative return on equity of 0.26% and a net margin of 1.56%. Analysts predict that ZIM Integrated Shipping Services will post -7.24 EPS for the current fiscal year.

ZIM Integrated Shipping Services Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Friday, March 20th were given a dividend of $0.88 per share. The ex-dividend date of this dividend was Friday, March 20th. This is a boost from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.31. This represents a $3.52 annualized dividend and a dividend yield of 14.0%. ZIM Integrated Shipping Services’s payout ratio is presently 7.41%.

About ZIM Integrated Shipping Services

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.