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

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM – Get Rating) has earned an average rating of “Buy” from the seven research firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $76.40.

A number of equities analysts have weighed in on ZIM shares. Zacks Investment Research upgraded ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating and set a $66.00 price objective for the company in a research note on Thursday, January 27th. Barclays lifted their price objective on ZIM Integrated Shipping Services from $60.00 to $76.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 26th. Jefferies Financial Group lifted their price objective on ZIM Integrated Shipping Services from $100.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, March 10th. Finally, Clarkson Capital lowered ZIM Integrated Shipping Services from a “buy” rating to a “neutral” rating in a research note on Thursday, March 10th.

Large investors have recently bought and sold shares of the company. Renaissance Technologies LLC boosted its holdings in ZIM Integrated Shipping Services by 166.9% in the 1st quarter. Renaissance Technologies LLC now owns 4,062,538 shares of the company’s stock worth $295,387,000 after buying an additional 2,540,500 shares during the last quarter. Northern Trust Corp acquired a new stake in ZIM Integrated Shipping Services in the 1st quarter worth about $912,000. Verition Fund Management LLC acquired a new stake in ZIM Integrated Shipping Services in the 1st quarter worth about $1,098,000. Lazard Asset Management LLC boosted its holdings in ZIM Integrated Shipping Services by 59.9% in the 1st quarter. Lazard Asset Management LLC now owns 132,906 shares of the company’s stock worth $9,663,000 after buying an additional 49,769 shares during the last quarter. Finally, Employees Retirement System of Texas acquired a new stake in ZIM Integrated Shipping Services in the 1st quarter worth about $655,000. Hedge funds and other institutional investors own 47.33% of the company’s stock.

ZIM stock traded up $4.33 during midday trading on Friday, reaching $63.65. The stock had a trading volume of 4,017,632 shares, compared to its average volume of 4,388,437. The stock has a market cap of $7.63 billion, a PE ratio of 1.64 and a beta of 2.42. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.80 and a current ratio of 1.84. The firm has a fifty day simple moving average of $66.40 and a two-hundred day simple moving average of $61.82. ZIM Integrated Shipping Services has a 52-week low of $33.71 and a 52-week high of $91.23.

ZIM Integrated Shipping Services (NYSE:ZIM – Get Rating) last released its quarterly earnings data on Wednesday, March 9th. The company reported $14.17 earnings per share for the quarter, beating analysts’ consensus estimates of $13.65 by $0.52. The business had revenue of $3.47 billion during the quarter, compared to analyst estimates of $3.44 billion. ZIM Integrated Shipping Services had a return on equity of 201.14% and a net margin of 43.25%. On average, sell-side analysts predict that ZIM Integrated Shipping Services will post 36.8 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, April 4th. Stockholders of record on Wednesday, March 23rd were given a dividend of $17.00 per share. This represents a $68.00 dividend on an annualized basis and a dividend yield of 106.83%. The ex-dividend date of this dividend was Tuesday, March 22nd. ZIM Integrated Shipping Services’s dividend payout ratio (DPR) is presently 50.21%.

About ZIM Integrated Shipping Services (Get Rating)

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.

Recommended Stories