ZIM Integrated Shipping Services (NYSE:ZIM – Get Rating) had its price objective trimmed by Jefferies Financial Group from $20.00 to $16.00 in a research report released on Tuesday morning, The Fly reports.
A number of other equities research analysts have also issued reports on the company. JPMorgan Chase & Co. lowered ZIM Integrated Shipping Services from an overweight rating to a neutral rating and cut their target price for the stock from $27.00 to $20.80 in a research report on Friday, April 21st. Barclays cut their target price on ZIM Integrated Shipping Services from $15.00 to $13.00 in a research report on Tuesday. Finally, TheStreet lowered ZIM Integrated Shipping Services from a c- rating to a d+ rating in a research report on Wednesday, April 26th. Two analysts have rated the stock with a sell rating and four have given a hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus target price of $23.96.
ZIM Integrated Shipping Services Trading Down 1.7 %
Shares of ZIM Integrated Shipping Services stock opened at $14.17 on Tuesday. The company has a quick ratio of 1.53, a current ratio of 1.21 and a debt-to-equity ratio of 0.61. The firm has a market cap of $1.70 billion, a price-to-earnings ratio of 0.60 and a beta of 2.11. The business has a fifty day simple moving average of $19.18 and a 200-day simple moving average of $20.14. ZIM Integrated Shipping Services has a fifty-two week low of $12.95 and a fifty-two week high of $70.85.
ZIM Integrated Shipping Services Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, April 3rd. Investors of record on Friday, March 24th were given a dividend of $6.40 per share. This represents a $25.60 annualized dividend and a yield of 180.66%. This is a positive change from ZIM Integrated Shipping Services’s previous quarterly dividend of $2.95. The ex-dividend date of this dividend was Tuesday, April 4th. ZIM Integrated Shipping Services’s payout ratio is presently 108.15%.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. Newbridge Financial Services Group Inc. increased its position in ZIM Integrated Shipping Services by 333.3% in the 1st quarter. Newbridge Financial Services Group Inc. now owns 1,300 shares of the company’s stock worth $31,000 after purchasing an additional 1,000 shares during the last quarter. Harbour Investments Inc. boosted its stake in shares of ZIM Integrated Shipping Services by 100.6% during the 1st quarter. Harbour Investments Inc. now owns 1,396 shares of the company’s stock worth $33,000 after acquiring an additional 700 shares in the last quarter. Geneos Wealth Management Inc. bought a new stake in shares of ZIM Integrated Shipping Services during the 1st quarter worth about $112,000. CWM LLC boosted its stake in shares of ZIM Integrated Shipping Services by 1,299.1% during the 4th quarter. CWM LLC now owns 1,553 shares of the company’s stock worth $27,000 after acquiring an additional 1,442 shares in the last quarter. Finally, Ellevest Inc. bought a new stake in shares of ZIM Integrated Shipping Services during the 4th quarter worth about $27,000. 36.74% of the stock is owned by institutional investors and hedge funds.
About ZIM Integrated Shipping Services
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.
- Get a free copy of the StockNews.com research report on ZIM Integrated Shipping Services (ZIM)
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