ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Given Average Rating of “Strong Sell” by Analysts

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) has been given a consensus recommendation of “Strong Sell” by the eight ratings firms that are covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a sell rating and three have given a hold rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $14.62.

Several equities analysts have recently commented on ZIM shares. Citigroup reissued a “sell” rating on shares of ZIM Integrated Shipping Services in a report on Monday, August 11th. Wall Street Zen downgraded shares of ZIM Integrated Shipping Services from a “hold” rating to a “sell” rating in a research note on Friday, August 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of ZIM Integrated Shipping Services in a research note on Wednesday, October 8th. JPMorgan Chase & Co. increased their target price on ZIM Integrated Shipping Services from $9.80 to $10.00 and gave the company an “underweight” rating in a report on Tuesday, September 30th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $17.00 price target on shares of ZIM Integrated Shipping Services in a research note on Wednesday, August 20th.

ZIM Integrated Shipping Services Stock Performance

NYSE ZIM opened at $14.67 on Friday. ZIM Integrated Shipping Services has a 52-week low of $11.03 and a 52-week high of $30.15. The company has a fifty day moving average of $13.96 and a 200-day moving average of $15.38. The company has a market capitalization of $1.77 billion, a P/E ratio of 0.88 and a beta of 1.73. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.11 and a current ratio of 1.20.

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

ZIM Integrated Shipping Services Cuts Dividend

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

Institutional Investors Weigh In On ZIM Integrated Shipping Services

A number of large investors have recently added to or reduced their stakes in ZIM. Legacy Investment Solutions LLC purchased a new position in shares of ZIM Integrated Shipping Services in the second quarter valued at about $26,000. New York State Common Retirement Fund purchased a new position in ZIM Integrated Shipping Services during the 1st quarter valued at about $30,000. Edmond DE Rothschild Holding S.A. purchased a new position in ZIM Integrated Shipping Services during the 2nd quarter valued at about $37,000. Pilgrim Partners Asia Pte Ltd bought a new position in ZIM Integrated Shipping Services during the 3rd quarter valued at approximately $49,000. Finally, Allworth Financial LP lifted its holdings in ZIM Integrated Shipping Services by 230.6% in the 2nd quarter. Allworth Financial LP now owns 3,637 shares of the company’s stock worth $59,000 after buying an additional 2,537 shares during the period. Institutional investors own 21.42% of the company’s stock.

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.