ZIM Integrated Shipping Services (NYSE:ZIM) Trading Up 5.6% – Time to Buy?

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)’s share price rose 5.6% during mid-day trading on Tuesday . The company traded as high as $15.23 and last traded at $15.41. Approximately 1,863,369 shares traded hands during mid-day trading, a decline of 68% from the average daily volume of 5,850,872 shares. The stock had previously closed at $14.59.

Analysts Set New Price Targets

A number of analysts have recently issued reports on ZIM shares. Jefferies Financial Group reiterated a “hold” rating and issued a $18.00 price objective on shares of ZIM Integrated Shipping Services in a report on Wednesday, March 12th. JPMorgan Chase & Co. decreased their price objective on ZIM Integrated Shipping Services from $10.00 to $9.50 and set an “underweight” rating for the company in a report on Friday, March 7th. Finally, Barclays reduced their price target on ZIM Integrated Shipping Services from $16.00 to $13.50 and set an “underweight” rating for the company in a research report on Monday, March 17th. 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 stock. According to MarketBeat.com, ZIM Integrated Shipping Services currently has an average rating of “Hold” and an average price target of $13.54.

ZIM Integrated Shipping Services Stock Performance

The firm has a market cap of $1.67 billion, a price-to-earnings ratio of 1.18, a price-to-earnings-growth ratio of 0.27 and a beta of 1.70. 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 stock’s 50 day moving average is $18.60 and its 200 day moving average is $20.48.

ZIM Integrated Shipping Services (NYSE:ZIM) last released its quarterly earnings results on Wednesday, March 12th. The company reported $4.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.47 by $1.19. The business had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $1.99 billion. ZIM Integrated Shipping Services had a return on equity of 48.63% and a net margin of 19.26%. Analysts anticipate that ZIM Integrated Shipping Services Ltd. will post 16.75 earnings per share for the current year.

ZIM Integrated Shipping Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Monday, March 24th will be paid a dividend of $3.17 per share. This represents a $12.68 dividend on an annualized basis and a yield of 91.60%. This is an increase from ZIM Integrated Shipping Services’s previous quarterly dividend of $2.81. The ex-dividend date is Monday, March 24th. ZIM Integrated Shipping Services’s dividend payout ratio is presently 6.51%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. raised its holdings in ZIM Integrated Shipping Services by 4.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 860,456 shares of the company’s stock worth $22,079,000 after purchasing an additional 36,692 shares during the last quarter. HighTower Advisors LLC bought a new position in ZIM Integrated Shipping Services during the third quarter worth $263,000. Y Intercept Hong Kong Ltd acquired a new stake in ZIM Integrated Shipping Services in the third quarter worth $2,612,000. Public Employees Retirement System of Ohio acquired a new position in shares of ZIM Integrated Shipping Services during the third quarter valued at about $3,364,000. Finally, Geode Capital Management LLC grew its stake in shares of ZIM Integrated Shipping Services by 3.4% in the 3rd quarter. Geode Capital Management LLC now owns 88,086 shares of the company’s stock valued at $2,260,000 after buying an additional 2,873 shares during the period. Institutional investors own 21.42% of the company’s stock.

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.