ZIM Integrated Shipping Services (NYSE:ZIM) Upgraded at Clarkson Capital

Clarkson Capital upgraded shares of ZIM Integrated Shipping Services (NYSE:ZIM) from a hold rating to a strong-buy rating in a research note released on Friday morning,Zacks.com reports.

Several other analysts have also weighed in on ZIM. Barclays lifted their price objective on ZIM Integrated Shipping Services from $13.90 to $16.50 and gave the stock an “underweight” rating in a report on Monday. Fearnley Fonds lowered shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a report on Thursday, November 21st. Jefferies Financial Group restated a “hold” rating and issued a $25.00 target price on shares of ZIM Integrated Shipping Services in a research note on Wednesday, November 20th. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $10.50 price target on shares of ZIM Integrated Shipping Services in a report on Tuesday, September 10th. Finally, Bank of America boosted their price objective on ZIM Integrated Shipping Services from $12.20 to $13.70 and gave the stock an “underperform” rating in a report on Wednesday, August 28th. Five investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, ZIM Integrated Shipping Services currently has a consensus rating of “Hold” and an average price target of $15.74.

ZIM Integrated Shipping Services Trading Down 6.5 %

Shares of ZIM Integrated Shipping Services stock opened at $22.24 on Friday. The company has a current ratio of 1.33, a quick ratio of 1.26 and a debt-to-equity ratio of 1.11. The company has a market cap of $2.68 billion, a price-to-earnings ratio of 1.86, a PEG ratio of 0.05 and a beta of 1.88. The company’s fifty day simple moving average is $22.85 and its 200-day simple moving average is $20.60. ZIM Integrated Shipping Services has a 1 year low of $6.39 and a 1 year high of $30.15.

ZIM Integrated Shipping Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 9th. Stockholders of record on Monday, December 2nd will be issued a $2.81 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This is an increase from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.93. This represents a $11.24 dividend on an annualized basis and a dividend yield of 50.54%. ZIM Integrated Shipping Services’s dividend payout ratio (DPR) is 9.72%.

Hedge Funds Weigh In On ZIM Integrated Shipping Services

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Fairman Group LLC acquired a new position in shares of ZIM Integrated Shipping Services during the 3rd quarter worth approximately $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in ZIM Integrated Shipping Services during the third quarter worth approximately $31,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of ZIM Integrated Shipping Services by 2,341.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,929 shares of the company’s stock worth $43,000 after acquiring an additional 1,850 shares during the period. Russell Investments Group Ltd. grew its position in shares of ZIM Integrated Shipping Services by 1,431.1% in the first quarter. Russell Investments Group Ltd. now owns 6,063 shares of the company’s stock valued at $61,000 after purchasing an additional 5,667 shares during the last quarter. Finally, American Capital Advisory LLC bought a new position in shares of ZIM Integrated Shipping Services during the third quarter worth approximately $69,000. 21.42% of the stock is owned by 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.