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

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)’s stock price fell 0.1% during mid-day trading on Monday . The company traded as low as $18.38 and last traded at $18.51. 548,272 shares traded hands during trading, a decline of 92% from the average session volume of 6,645,984 shares. The stock had previously closed at $18.53.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Barclays upped their price objective on shares of ZIM Integrated Shipping Services from $5.00 to $10.00 and gave the stock an “underweight” rating in a research report on Tuesday, May 28th. Jefferies Financial Group reissued a “buy” rating and set a $20.00 target price on shares of ZIM Integrated Shipping Services in a report on Wednesday, May 22nd. JPMorgan Chase & Co. lowered their price target on ZIM Integrated Shipping Services from $9.30 to $9.25 and set a “neutral” rating on the stock in a research note on Friday, March 22nd. Bank of America reduced their price objective on ZIM Integrated Shipping Services from $11.00 to $7.80 and set an “underperform” rating for the company in a research note on Tuesday, March 19th. Finally, Citigroup cut shares of ZIM Integrated Shipping Services from a “neutral” rating to a “sell” rating and lifted their target price for the stock from $11.60 to $13.00 in a research note on Thursday, June 6th. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $12.01.

ZIM Integrated Shipping Services Stock Performance

The firm has a fifty day moving average price of $16.04 and a 200 day moving average price of $12.95. 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 firm has a market cap of $2.26 billion, a PE ratio of -0.87, a price-to-earnings-growth ratio of 0.30 and a beta of 1.87.

ZIM Integrated Shipping Services (NYSE:ZIM) last issued its earnings results on Tuesday, May 21st. The company reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.34). ZIM Integrated Shipping Services had a negative return on equity of 14.80% and a negative net margin of 47.59%. The firm had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.53 billion. As a group, equities research analysts expect that ZIM Integrated Shipping Services Ltd. will post 1.88 earnings per share for the current fiscal year.

ZIM Integrated Shipping Services Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 11th. Shareholders of record on Tuesday, June 4th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Tuesday, June 4th. This represents a $0.92 annualized dividend and a yield of 4.89%. ZIM Integrated Shipping Services’s dividend payout ratio (DPR) is -4.35%.

Institutional Trading of ZIM Integrated Shipping Services

Several institutional investors and hedge funds have recently bought and sold shares of ZIM. Regatta Capital Group LLC increased its position in shares of ZIM Integrated Shipping Services by 8.5% during the first quarter. Regatta Capital Group LLC now owns 16,022 shares of the company’s stock valued at $162,000 after acquiring an additional 1,254 shares during the last quarter. Olympiad Research LP increased its holdings in ZIM Integrated Shipping Services by 2.8% in the 4th quarter. Olympiad Research LP now owns 49,236 shares of the company’s stock valued at $486,000 after purchasing an additional 1,364 shares during the last quarter. Tower Research Capital LLC TRC raised its position in ZIM Integrated Shipping Services by 92.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,335 shares of the company’s stock valued at $33,000 after purchasing an additional 1,601 shares during the period. Van ECK Associates Corp lifted its stake in ZIM Integrated Shipping Services by 6.8% during the third quarter. Van ECK Associates Corp now owns 33,686 shares of the company’s stock worth $352,000 after purchasing an additional 2,143 shares in the last quarter. Finally, Citigroup Inc. boosted its position in shares of ZIM Integrated Shipping Services by 77.1% during the third quarter. Citigroup Inc. now owns 5,403 shares of the company’s stock worth $56,000 after buying an additional 2,352 shares during the period. 21.42% of the stock is currently owned by hedge funds and other institutional investors.

About ZIM Integrated Shipping Services

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.