ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Receives Average Recommendation of “Strong Sell” from Analysts

Shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) have been assigned a consensus recommendation of “Strong Sell” from the seven brokerages that are currently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a sell recommendation and two have given a hold recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $14.58.

A number of research firms recently issued reports on ZIM. Citigroup reissued a “sell” rating on shares of ZIM Integrated Shipping Services in a research note on Monday, August 11th. Jefferies Financial Group reissued a “hold” rating and set a $17.00 target price on shares of ZIM Integrated Shipping Services in a research note on Wednesday, August 20th. Barclays lowered their target price on ZIM Integrated Shipping Services from $14.80 to $13.30 and set an “underweight” rating for the company in a research note on Thursday, August 28th. JPMorgan Chase & Co. increased their target price on ZIM Integrated Shipping Services from $9.50 to $9.80 and gave the stock an “underweight” rating in a research note on Friday, August 22nd. Finally, Wall Street Zen cut ZIM Integrated Shipping Services from a “hold” rating to a “sell” rating in a research note on Friday, August 22nd.

Hedge Funds Weigh In On ZIM Integrated Shipping Services

Large investors have recently bought and sold shares of the company. Legacy Investment Solutions LLC acquired a new position in ZIM Integrated Shipping Services during the 2nd quarter worth approximately $26,000. New York State Common Retirement Fund acquired a new position in ZIM Integrated Shipping Services during the 1st quarter worth approximately $30,000. Employees Retirement System of Texas acquired a new position in ZIM Integrated Shipping Services during the 4th quarter worth approximately $45,000. Edmond DE Rothschild Holding S.A. acquired a new position in ZIM Integrated Shipping Services during the 2nd quarter worth approximately $37,000. Finally, Allworth Financial LP boosted its position in ZIM Integrated Shipping Services by 230.6% during the 2nd quarter. Allworth Financial LP now owns 3,637 shares of the company’s stock worth $59,000 after acquiring an additional 2,537 shares during the last quarter. Institutional investors and hedge funds own 21.42% of the company’s stock.

ZIM Integrated Shipping Services Stock Performance

Shares of ZIM stock opened at $15.20 on Friday. The stock has a 50-day moving average of $15.20 and a 200-day moving average of $15.85. ZIM Integrated Shipping Services has a one year low of $11.03 and a one year high of $30.15. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.20 and a quick ratio of 1.11. The stock has a market cap of $1.83 billion, a PE ratio of 0.91, a price-to-earnings-growth ratio of 0.17 and a beta of 1.74.

ZIM Integrated Shipping Services (NYSE:ZIM) last posted its earnings results on Wednesday, August 20th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.50 by ($1.31). ZIM Integrated Shipping Services had a return on equity of 50.61% and a net margin of 23.37%.The business had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.84 billion. As a group, sell-side analysts expect that ZIM Integrated Shipping Services will post 16.75 earnings per share for the current year.

ZIM Integrated Shipping Services Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 9th. Shareholders of record on Tuesday, September 2nd were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $0.24 dividend on an annualized basis and a yield of 1.6%. ZIM Integrated Shipping Services’s dividend payout ratio is 1.44%.

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.