ZIM Integrated Shipping Services (NYSE:ZIM) Trading Up 7.3% – What’s Next?

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) shares shot up 7.3% on Monday . The stock traded as high as $17.50 and last traded at $17.1850. 6,615,164 shares traded hands during mid-day trading, an increase of 15% from the average session volume of 5,755,204 shares. The stock had previously closed at $16.02.

Analyst Ratings Changes

Several research firms have recently issued reports on ZIM. Wall Street Zen cut ZIM Integrated Shipping Services from a “hold” rating to a “sell” rating in a report on Friday, August 22nd. Barclays reduced their target price on ZIM Integrated Shipping Services from $14.80 to $13.30 and set an “underweight” rating on the stock in a research report on Thursday, August 28th. JPMorgan Chase & Co. lifted their price target on ZIM Integrated Shipping Services from $9.80 to $10.00 and gave the company an “underweight” rating in a report on Tuesday, September 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of ZIM Integrated Shipping Services in a research note on Wednesday, October 8th. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $17.00 target price on shares of ZIM Integrated Shipping Services in a research report on Wednesday, August 20th. Three equities research analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Strong Sell” and an average target price of $14.62.

ZIM Integrated Shipping Services Trading Up 6.0%

The company has a market capitalization of $2.04 billion, a PE ratio of 1.02 and a beta of 1.73. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.11 and a current ratio of 1.20. The business has a fifty day moving average price of $14.18 and a 200 day moving average price of $15.44.

ZIM Integrated Shipping Services (NYSE:ZIM) last posted its earnings results on Wednesday, August 20th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.50 by ($1.31). ZIM Integrated Shipping Services had a return on equity of 50.61% and a net margin of 23.37%.The business had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.84 billion. Analysts expect that ZIM Integrated Shipping Services Ltd. will post 16.75 EPS for the current fiscal year.

ZIM Integrated Shipping Services Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 9th. Stockholders of record on Tuesday, September 2nd were given a $0.06 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $0.24 annualized dividend and a dividend yield of 1.4%. ZIM Integrated Shipping Services’s dividend payout ratio is presently 1.44%.

Institutional Trading of ZIM Integrated Shipping Services

A number of institutional investors have recently added to or reduced their stakes in ZIM. Arrowstreet Capital Limited Partnership lifted its stake in shares of ZIM Integrated Shipping Services by 134.9% during the second quarter. Arrowstreet Capital Limited Partnership now owns 4,368,287 shares of the company’s stock worth $70,286,000 after purchasing an additional 2,508,432 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of ZIM Integrated Shipping Services by 29,305.7% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,310,614 shares of the company’s stock valued at $21,088,000 after buying an additional 1,306,157 shares during the period. Yelin Lapidot Holdings Management Ltd. raised its holdings in shares of ZIM Integrated Shipping Services by 96.7% during the 3rd quarter. Yelin Lapidot Holdings Management Ltd. now owns 2,422,986 shares of the company’s stock valued at $32,831,000 after buying an additional 1,191,480 shares during the period. Jump Financial LLC lifted its position in ZIM Integrated Shipping Services by 204.0% during the 2nd quarter. Jump Financial LLC now owns 1,536,092 shares of the company’s stock worth $24,716,000 after acquiring an additional 1,030,817 shares in the last quarter. Finally, Kingstone Capital Partners Texas LLC purchased a new position in ZIM Integrated Shipping Services in the 2nd quarter worth approximately $15,850,000. 21.42% of the stock is owned by hedge funds and other 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.