ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Given Consensus Rating of “Reduce” by Brokerages

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) has earned a consensus rating of “Reduce” from the seven research firms that are presently covering the stock, MarketBeat reports. Five research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $15.04.

Several equities research analysts have recently weighed in on ZIM shares. Jefferies Financial Group decreased their price objective on ZIM Integrated Shipping Services from $28.00 to $22.00 and set a “hold” rating for the company in a report on Tuesday, December 17th. Fearnley Fonds cut shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 21st. Barclays dropped their price objective on shares of ZIM Integrated Shipping Services from $16.50 to $16.00 and set an “underweight” rating on the stock in a research note on Friday, January 10th. Finally, Clarkson Capital upgraded shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 22nd.

ZIM Integrated Shipping Services Stock Up 2.6 %

Shares of NYSE ZIM opened at $18.04 on Thursday. The business has a 50-day moving average price of $19.47 and a 200 day moving average price of $20.46. The stock has a market cap of $2.17 billion, a PE ratio of 1.51, a price-to-earnings-growth ratio of 0.23 and a beta of 1.74. 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 52-week low of $9.08 and a 52-week high of $30.15.

ZIM Integrated Shipping Services Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, December 2nd were issued a $2.81 dividend. This is an increase from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.93. The ex-dividend date was Monday, December 2nd. This represents a $11.24 annualized dividend and a dividend yield of 62.32%. ZIM Integrated Shipping Services’s payout ratio is presently 9.72%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its holdings in ZIM Integrated Shipping Services by 59.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,811,447 shares of the company’s stock valued at $46,482,000 after purchasing an additional 674,723 shares in the last quarter. International Assets Investment Management LLC boosted its stake in shares of ZIM Integrated Shipping Services by 2,228.7% in the third quarter. International Assets Investment Management LLC now owns 402,862 shares of the company’s stock valued at $10,337,000 after buying an additional 385,562 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in ZIM Integrated Shipping Services during the third quarter worth $2,612,000. Blueshift Asset Management LLC purchased a new position in ZIM Integrated Shipping Services in the third quarter worth $620,000. Finally, Quantbot Technologies LP lifted its holdings in ZIM Integrated Shipping Services by 9,573.0% in the third quarter. Quantbot Technologies LP now owns 370,477 shares of the company’s stock valued at $9,506,000 after acquiring an additional 366,647 shares during the period. 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.