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

ZIM Integrated Shipping Services Ltd. (NYSE:ZIMGet Rating) has earned an average rating of “Buy” from the seven analysts that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $76.40.

A number of research firms have recently weighed in on ZIM. Zacks Investment Research raised ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating and set a $66.00 price objective for the company in a research note on Thursday, January 27th. Barclays boosted their target price on ZIM Integrated Shipping Services from $60.00 to $76.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 26th. Clarkson Capital downgraded ZIM Integrated Shipping Services from a “buy” rating to a “neutral” rating in a research report on Thursday, March 10th. Finally, Jefferies Financial Group upped their price objective on ZIM Integrated Shipping Services from $100.00 to $120.00 and gave the company a “buy” rating in a research report on Thursday, March 10th.

Shares of ZIM traded up $4.33 during trading hours on Friday, hitting $63.65. The stock had a trading volume of 4,017,632 shares, compared to its average volume of 4,388,437. The stock has a fifty day moving average price of $66.40 and a 200 day moving average price of $61.82. ZIM Integrated Shipping Services has a 12 month low of $33.71 and a 12 month high of $91.23. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.84 and a quick ratio of 1.80. The firm has a market capitalization of $7.63 billion, a PE ratio of 1.64 and a beta of 2.42.

ZIM Integrated Shipping Services (NYSE:ZIMGet Rating) last released its quarterly earnings results on Wednesday, March 9th. The company reported $14.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $13.65 by $0.52. The business had revenue of $3.47 billion during the quarter, compared to analyst estimates of $3.44 billion. ZIM Integrated Shipping Services had a return on equity of 201.14% and a net margin of 43.25%. As a group, analysts anticipate that ZIM Integrated Shipping Services will post 36.8 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 4th. Investors of record on Wednesday, March 23rd were paid a $17.00 dividend. The ex-dividend date was Tuesday, March 22nd. This represents a $68.00 annualized dividend and a yield of 106.83%. ZIM Integrated Shipping Services’s dividend payout ratio (DPR) is currently 50.21%.

A number of large investors have recently made changes to their positions in ZIM. Cullen Frost Bankers Inc. bought a new position in ZIM Integrated Shipping Services in the first quarter worth approximately $29,000. Pacer Advisors Inc. grew its stake in ZIM Integrated Shipping Services by 261.2% in the fourth quarter. Pacer Advisors Inc. now owns 596 shares of the company’s stock worth $35,000 after purchasing an additional 431 shares in the last quarter. Standard Family Office LLC bought a new position in ZIM Integrated Shipping Services in the fourth quarter worth approximately $35,000. Financial Management Professionals Inc. boosted its position in ZIM Integrated Shipping Services by 71.7% during the 1st quarter. Financial Management Professionals Inc. now owns 479 shares of the company’s stock valued at $35,000 after acquiring an additional 200 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. bought a new stake in ZIM Integrated Shipping Services during the 1st quarter valued at $40,000. 47.33% of the stock is currently owned by institutional investors.

About ZIM Integrated Shipping Services (Get Rating)

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.

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Analyst Recommendations for ZIM Integrated Shipping Services (NYSE:ZIM)

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