ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) Receives Average “Hold” Recommendation From Brokerages
ZIM Integrated Shipping Services Ltd. (NYSE: ZIM- Get a rating) received a consensus recommendation of “Hold” by the six brokerages that cover the stock, Marketbeat reports. One equity research analyst gave the stock a sell rating, three gave the company a hold rating and two gave the company a buy rating. The 1-year average target price among analysts who updated their coverage of the stock in the past year is $72.66.
ZIM has been the subject of a number of recent analyst reports. Bank of America downgraded ZIM Integrated Shipping Services from a “buy” rating to an “underperform” rating and reduced its target price for the stock from $79.00 to $40.00 in a report released Friday. . Jefferies Financial Group raised its target price on ZIM Integrated Shipping Services from $100.00 to $120.00 and gave the company a “buy” rating in a Thursday, March 10 research report. JPMorgan Chase & Co. upgraded ZIM Integrated Shipping Services from an “underweight” rating to a “neutral” rating and raised its price target for the company from $43.60 to $53.30 in a report of search for Friday, June 17. Finally, Clarkson Capital reaffirmed a “neutral” rating on shares of ZIM Integrated Shipping Services in a Tuesday, June 14 research report.
Several large investors have recently increased or reduced their stake in ZIM. Royal Bank of Canada increased its position in shares of ZIM Integrated Shipping Services by 984.5% during the third quarter. Royal Bank of Canada now owns 90,319 shares of the company valued at $4,579,000 after acquiring an additional 81,991 shares during the period. Wellington Management Group LLP purchased a new stake in shares of ZIM Integrated Shipping Services during Q3 at a value of $634,000. IFP Advisors Inc increased its position in shares of ZIM Integrated Shipping Services by 473.5% during the 4th quarter. IFP Advisors Inc now owns 2,294 shares of the company valued at $135,000 after acquiring an additional 1,894 shares during the period. Koshinski Asset Management Inc. increased its position in shares of ZIM Integrated Shipping Services by 534.1% during the 4th quarter. Koshinski Asset Management Inc. now owns 2,080 shares of the company valued at $122,000 after acquiring an additional 1,752 shares during the period. Finally, Stratos Wealth Partners LTD. increased its equity stake in ZIM Integrated Shipping Services by 25.2% during the 4th quarter. Stratos Wealth Partners LTD. now owns 22,250 shares of the company worth $1,310,000 after purchasing an additional 4,475 shares in the last quarter. Hedge funds and other institutional investors hold 47.33% of the company’s shares.
Shares of ZIM Integrated Shipping Services opened at $47.23 on Friday. The company’s 50-day simple moving average is $58.54 and its 200-day simple moving average is $62.95. The stock has a market capitalization of $5.67 billion, a price-earnings ratio of 0.99 and a beta of 2.40. ZIM Integrated Shipping Services has a 12 month minimum of $33.71 and a 12 month maximum of $91.23. The company has a quick ratio of 1.26, a current ratio of 1.29 and a leverage ratio of 0.69.
ZIM Integrated Shipping Services (NYSE: ZIM – Get a rating) last released its quarterly results on Wednesday, May 18. The company reported earnings per share (EPS) of $14.19 for the quarter, beating the consensus estimate of $12.65 by $1.54. The company had revenue of $3.72 billion for the quarter. ZIM Integrated Shipping Services achieved a return on equity of 167.57% and a net margin of 45.36%. In the same quarter of the previous year, the company had achieved EPS of $5.13. As a group, sell-side analysts expect ZIM Integrated Shipping Services to post EPS of 40.5 for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, June 8. Investors of record on Tuesday, May 31 received a dividend of $2.85. The ex-dividend date was Friday, May 27. This represents an annualized dividend of $11.40 and a yield of 24.14%. ZIM Integrated Shipping Services’ dividend payout ratio (DPR) is currently 23.80%.
ZIM Integrated Shipping Services Company Profile (Get a rating)
ZIM Integrated Shipping Services Ltd., together with its subsidiaries, provides container shipping and related services in Israel and abroad. It provides door-to-door and port-to-port transportation services for various types of customers, including end users, consolidators and freight forwarders.
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