ZIM Integrated Shipping Services (NYSE:ZIM) PT Lowered to $16.00

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 (NYSE:ZIM – Get Rating) last announced its earnings results on Monday, May 22nd. The company reported ($0.50) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.32). The company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.56 billion. ZIM Integrated Shipping Services had a return on equity of 51.73% and a net margin of 27.90%. During the same period last year, the firm earned $14.19 earnings per share. On average, equities analysts forecast that ZIM Integrated Shipping Services will post -1.44 EPS for the current fiscal year.

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

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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.