ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Receives $15.22 Consensus Price Target from Brokerages

Shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) have earned a consensus rating of “Reduce” from the seven ratings firms that are covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $15.74.

ZIM has been the topic of a number of analyst reports. Jefferies Financial Group reaffirmed a “hold” rating and issued a $25.00 price target on shares of ZIM Integrated Shipping Services in a research note on Wednesday, November 20th. Bank of America increased their price target on shares of ZIM Integrated Shipping Services from $12.20 to $13.70 and gave the company an “underperform” rating in a research report on Wednesday, August 28th. Fearnley Fonds cut shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 21st. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $10.50 target price on shares of ZIM Integrated Shipping Services in a report on Tuesday, September 10th. Finally, Barclays boosted their price target on ZIM Integrated Shipping Services from $13.90 to $16.50 and gave the company an “underweight” rating in a report on Monday, November 25th.

Institutional Trading of ZIM Integrated Shipping Services

Large investors have recently bought and sold shares of the company. Fairman Group LLC bought a new position in shares of ZIM Integrated Shipping Services in the 3rd quarter worth approximately $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in ZIM Integrated Shipping Services in the third quarter worth $31,000. Northwestern Mutual Wealth Management Co. lifted its position in 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 valued at $43,000 after buying an additional 1,850 shares during the period. American Capital Advisory LLC bought a new stake in shares of ZIM Integrated Shipping Services during the 3rd quarter valued at $69,000. Finally, Sunbelt Securities Inc. purchased a new stake in shares of ZIM Integrated Shipping Services in the 3rd quarter worth about $71,000. 21.42% of the stock is owned by institutional investors.

ZIM Integrated Shipping Services Stock Performance

NYSE ZIM opened at $22.03 on Friday. The firm has a market cap of $2.65 billion, a price-to-earnings ratio of 1.85, a PEG ratio of 0.05 and a beta of 1.88. The company has a 50-day simple moving average of $23.01 and a two-hundred day simple moving average of $20.67. The company has a quick ratio of 1.26, a current ratio of 1.33 and a debt-to-equity ratio of 1.11. ZIM Integrated Shipping Services has a 12-month low of $6.78 and a 12-month high of $30.15.

ZIM Integrated Shipping Services Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 9th. Investors of record on Monday, December 2nd will be given a dividend of $2.81 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $11.24 annualized dividend and a dividend yield of 51.02%. This is a boost from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.93. ZIM Integrated Shipping Services’s payout ratio is currently 9.72%.

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.