Brokerages Set ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Target Price at $15.14

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) has been assigned an average recommendation of “Reduce” from the seven ratings firms that are covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $15.14.

A number of research analysts have recently weighed in on ZIM shares. Barclays lifted their price objective on ZIM Integrated Shipping Services from $13.90 to $16.50 and gave the company an “underweight” rating in a research report on Monday, November 25th. Clarkson Capital raised shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a report on Friday, November 22nd. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $10.50 price objective on shares of ZIM Integrated Shipping Services in a research note on Tuesday, September 10th. Bank of America lifted their target price on shares of ZIM Integrated Shipping Services from $12.20 to $13.70 and gave the company an “underperform” rating in a research note on Wednesday, August 28th. Finally, Fearnley Fonds cut ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a report on Thursday, November 21st.

ZIM Integrated Shipping Services Trading Up 5.0 %

NYSE:ZIM opened at $21.50 on Wednesday. ZIM Integrated Shipping Services has a one year low of $9.08 and a one year high of $30.15. The business has a fifty day moving average price of $22.33 and a 200-day moving average price of $20.58. The firm has a market capitalization of $2.59 billion, a price-to-earnings ratio of 1.80, a price-to-earnings-growth ratio of 0.04 and a beta of 1.78. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.33 and a quick ratio of 1.26.

ZIM Integrated Shipping Services Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, December 2nd were issued a dividend of $2.81 per share. This represents a $11.24 annualized dividend and a dividend yield of 52.28%. The ex-dividend date of this dividend was Monday, December 2nd. This is an increase from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.93. ZIM Integrated Shipping Services’s dividend payout ratio is 9.72%.

Institutional Investors Weigh In On ZIM Integrated Shipping Services

Several large investors have recently bought and sold shares of ZIM. Fairman Group LLC purchased a new position in shares of ZIM Integrated Shipping Services in the 3rd quarter worth $26,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in ZIM Integrated Shipping Services in the third quarter worth about $31,000. Northwestern Mutual Wealth Management Co. grew its position in ZIM Integrated Shipping Services by 2,341.8% in 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 in the last quarter. American Capital Advisory LLC purchased a new stake in ZIM Integrated Shipping Services during the third quarter valued at approximately $69,000. Finally, Sunbelt Securities Inc. purchased a new stake in ZIM Integrated Shipping Services during the third quarter valued at approximately $71,000. 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.