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

Shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) have received a consensus recommendation of “Reduce” from the seven research firms that are presently covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a sell recommendation, one has given a hold recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $15.04.

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

Institutional Investors Weigh In On ZIM Integrated Shipping Services

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC grew its position in shares of ZIM Integrated Shipping Services by 479.9% during the 2nd quarter. Renaissance Technologies LLC now owns 2,635,500 shares of the company’s stock worth $58,429,000 after buying an additional 2,181,000 shares during the period. Marshall Wace LLP grew its holdings in ZIM Integrated Shipping Services by 638.6% during the second quarter. Marshall Wace LLP now owns 2,397,311 shares of the company’s stock valued at $53,148,000 after purchasing an additional 2,072,715 shares during the period. JPMorgan Chase & Co. increased its stake in ZIM Integrated Shipping Services by 59.4% in the third 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. Encompass Capital Advisors LLC acquired a new stake in ZIM Integrated Shipping Services in the second quarter worth $14,383,000. Finally, International Assets Investment Management LLC boosted its position in shares of ZIM Integrated Shipping Services by 2,228.7% during the third quarter. International Assets Investment Management LLC now owns 402,862 shares of the company’s stock worth $10,337,000 after purchasing an additional 385,562 shares in the last quarter. Institutional investors own 21.42% of the company’s stock.

ZIM Integrated Shipping Services Stock Performance

Shares of NYSE:ZIM opened at $16.58 on Friday. The business has a fifty day moving average of $21.26 and a 200-day moving average of $20.63. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.26 and a current ratio of 1.33. ZIM Integrated Shipping Services has a twelve month low of $9.08 and a twelve month high of $30.15. The firm has a market cap of $2.00 billion, a PE ratio of 1.39, a price-to-earnings-growth ratio of 0.22 and a beta of 1.77.

ZIM Integrated Shipping Services Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, December 2nd were given a $2.81 dividend. This is a positive change from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.93. This represents a $11.24 annualized dividend and a dividend yield of 67.81%. The ex-dividend date was Monday, December 2nd. ZIM Integrated Shipping Services’s dividend payout ratio (DPR) 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.