ZIM Integrated Shipping Services (NYSE:ZIM) Price Target Cut to $13.50 by Analysts at Barclays

ZIM Integrated Shipping Services (NYSE:ZIM) had its target price trimmed by Barclays from $16.00 to $13.50 in a report issued on Monday morning,Benzinga reports. The firm currently has an underweight rating on the stock.

ZIM has been the topic of a number of other reports. JPMorgan Chase & Co. reduced their price objective on shares of ZIM Integrated Shipping Services from $10.00 to $9.50 and set an “underweight” rating on the stock in a research note on Friday, March 7th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $18.00 price objective on shares of ZIM Integrated Shipping Services in a research note on Wednesday, March 12th. Clarkson Capital raised shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 22nd. Finally, Fearnley Fonds lowered shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 21st. Five equities research 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 company. According to data from MarketBeat.com, ZIM Integrated Shipping Services has an average rating of “Hold” and an average target price of $13.54.

ZIM Integrated Shipping Services Trading Up 0.7 %

Shares of NYSE ZIM opened at $18.87 on Monday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.26 and a current ratio of 1.33. ZIM Integrated Shipping Services has a 52-week low of $9.08 and a 52-week high of $30.15. The firm has a 50 day moving average price of $18.94 and a two-hundred day moving average price of $20.58. The stock has a market cap of $2.27 billion, a P/E ratio of 1.58, a price-to-earnings-growth ratio of 0.27 and a beta of 1.70.

ZIM Integrated Shipping Services (NYSE:ZIM) last posted its quarterly earnings data on Wednesday, March 12th. The company reported $4.66 EPS for the quarter, beating analysts’ consensus estimates of $3.47 by $1.19. ZIM Integrated Shipping Services had a net margin of 19.26% and a return on equity of 48.63%. The company had revenue of $2.17 billion for the quarter, compared to analyst estimates of $1.99 billion. As a group, equities analysts forecast that ZIM Integrated Shipping Services will post 16.75 EPS for the current year.

ZIM Integrated Shipping Services Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Monday, March 24th will be paid a dividend of $3.17 per share. The ex-dividend date of this dividend is Monday, March 24th. This is a positive change from ZIM Integrated Shipping Services’s previous quarterly dividend of $2.81. This represents a $12.68 annualized dividend and a yield of 67.20%. ZIM Integrated Shipping Services’s dividend payout ratio is currently 6.51%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Altshuler Shaham Ltd raised its holdings in ZIM Integrated Shipping Services by 650.0% during the fourth quarter. Altshuler Shaham Ltd now owns 1,500 shares of the company’s stock worth $32,000 after buying an additional 1,300 shares during the last quarter. Employees Retirement System of Texas acquired a new position in ZIM Integrated Shipping Services during the fourth quarter worth $45,000. Sunbelt Securities Inc. acquired a new position in ZIM Integrated Shipping Services during the third quarter worth $71,000. Brown Brothers Harriman & Co. acquired a new position in ZIM Integrated Shipping Services during the fourth quarter worth $79,000. Finally, Mark Sheptoff Financial Planning LLC raised its holdings in ZIM Integrated Shipping Services by 126.7% during the third quarter. Mark Sheptoff Financial Planning LLC now owns 3,400 shares of the company’s stock worth $87,000 after buying an additional 1,900 shares during the last quarter. 21.42% of the stock is owned by institutional investors.

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.