ZIM Integrated Shipping Services (NYSE:ZIM) Shares Up 0.1%

ZIM Integrated Shipping Services Ltd. (NYSE:ZIMGet Free Report) shares shot up 0.1% during mid-day trading on Friday . The company traded as high as $19.02 and last traded at $18.79. 868,223 shares traded hands during mid-day trading, a decline of 87% from the average session volume of 6,672,007 shares. The stock had previously closed at $18.77.

Analysts Set New Price Targets

Several analysts have recently weighed in on ZIM shares. Barclays boosted their price target on ZIM Integrated Shipping Services from $5.00 to $10.00 and gave the stock an “underweight” rating in a report on Tuesday, May 28th. Bank of America reduced their price objective on shares of ZIM Integrated Shipping Services from $11.00 to $7.80 and set an “underperform” rating on the stock in a research note on Tuesday, March 19th. Citigroup downgraded ZIM Integrated Shipping Services from a “neutral” rating to a “sell” rating and raised their price objective for the stock from $11.60 to $13.00 in a research report on Thursday, June 6th. JPMorgan Chase & Co. dropped their target price on shares of ZIM Integrated Shipping Services from $9.30 to $9.25 and set a “neutral” rating on the stock in a research report on Friday, March 22nd. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $20.00 price objective on shares of ZIM Integrated Shipping Services in a research report on Wednesday, May 22nd. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, ZIM Integrated Shipping Services presently has a consensus rating of “Hold” and an average price target of $12.01.

Check Out Our Latest Analysis on ZIM Integrated Shipping Services

ZIM Integrated Shipping Services Stock Down 0.5 %

The firm has a market capitalization of $2.25 billion, a PE ratio of -0.88, a PEG ratio of 0.30 and a beta of 1.88. The company has a current ratio of 0.98, a quick ratio of 0.90 and a debt-to-equity ratio of 1.49. The stock has a 50 day simple moving average of $15.90 and a 200 day simple moving average of $12.78.

ZIM Integrated Shipping Services (NYSE:ZIMGet Free Report) last announced its quarterly earnings results on Tuesday, May 21st. The company reported $0.75 earnings per share for the quarter, missing the consensus estimate of $1.09 by ($0.34). ZIM Integrated Shipping Services had a negative net margin of 47.59% and a negative return on equity of 14.80%. The firm had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.53 billion. As a group, sell-side analysts forecast that ZIM Integrated Shipping Services Ltd. will post 1.88 earnings per share for the current year.

ZIM Integrated Shipping Services Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 11th. Stockholders of record on Tuesday, June 4th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 4.93%. The ex-dividend date of this dividend was Tuesday, June 4th. ZIM Integrated Shipping Services’s payout ratio is -4.35%.

Institutional Trading of ZIM Integrated Shipping Services

Several hedge funds have recently bought and sold shares of the stock. Tower Research Capital LLC TRC lifted its holdings in ZIM Integrated Shipping Services by 92.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,335 shares of the company’s stock worth $33,000 after purchasing an additional 1,601 shares in the last quarter. Blue Trust Inc. raised its position in ZIM Integrated Shipping Services by 604.3% during the fourth quarter. Blue Trust Inc. now owns 4,296 shares of the company’s stock valued at $45,000 after purchasing an additional 3,686 shares during the period. Citigroup Inc. increased its position in shares of ZIM Integrated Shipping Services by 77.1% during the 3rd quarter. Citigroup Inc. now owns 5,403 shares of the company’s stock valued at $56,000 after purchasing an additional 2,352 shares during the last quarter. Scarborough Advisors LLC purchased a new stake in shares of ZIM Integrated Shipping Services in the fourth quarter valued at approximately $58,000. Finally, Russell Investments Group Ltd. lifted its holdings in shares of ZIM Integrated Shipping Services by 1,431.1% in the 1st quarter. Russell Investments Group Ltd. now owns 6,063 shares of the company’s stock worth $61,000 after buying an additional 5,667 shares during the period. Institutional investors own 21.42% of the company’s stock.

ZIM Integrated Shipping Services Company Profile

(Get Free Report)

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.

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