ZIM Integrated Shipping Services (NYSE:ZIM) Stock Price Expected to Rise, Barclays Analyst Says

ZIM Integrated Shipping Services (NYSE:ZIM) had its price target lifted by Barclays from $13.90 to $16.50 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has an underweight rating on the stock.

Several other analysts have also recently issued reports on ZIM. JPMorgan Chase & Co. restated an “underweight” rating and set a $10.50 price objective on shares of ZIM Integrated Shipping Services in a research note on Tuesday, September 10th. Fearnley Fonds cut ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 21st. Bank of America lifted their price objective on shares of ZIM Integrated Shipping Services from $12.20 to $13.70 and gave the stock an “underperform” rating in a report on Wednesday, August 28th. Finally, Jefferies Financial Group reissued a “hold” rating and set a $25.00 target price on shares of ZIM Integrated Shipping Services in a report on Wednesday, November 20th. Five analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $15.74.

ZIM Integrated Shipping Services Stock Up 4.7 %

Shares of NYSE:ZIM opened at $22.10 on Monday. The firm has a market cap of $2.66 billion, a PE ratio of 1.85, a price-to-earnings-growth ratio of 0.04 and a beta of 1.88. The company has a fifty day simple moving average of $22.94 and a 200 day simple moving average of $20.64. The company has a current ratio of 1.33, a quick ratio of 1.26 and a debt-to-equity ratio of 1.11. ZIM Integrated Shipping Services has a 12-month low of $6.39 and a 12-month high of $30.15.

ZIM Integrated Shipping Services Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 9th. Shareholders of record on Monday, December 2nd will be given a $2.81 dividend. The ex-dividend date is Monday, December 2nd. This is a positive change from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.93. This represents a $11.24 annualized dividend and a yield of 50.86%. ZIM Integrated Shipping Services’s dividend payout ratio (DPR) is currently 9.72%.

Hedge Funds Weigh In On ZIM Integrated Shipping Services

Several hedge funds and other institutional investors have recently modified their holdings of the company. Fairman Group LLC bought a new stake in ZIM Integrated Shipping Services in the 3rd quarter valued at about $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of ZIM Integrated Shipping Services during the third quarter valued at approximately $31,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of ZIM Integrated Shipping Services by 2,341.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,929 shares of the company’s stock valued at $43,000 after buying an additional 1,850 shares during the last quarter. American Capital Advisory LLC bought a new position in ZIM Integrated Shipping Services in the 3rd quarter worth approximately $69,000. Finally, Sunbelt Securities Inc. acquired a new stake in ZIM Integrated Shipping Services in the 3rd quarter valued at approximately $71,000. Institutional investors and hedge funds own 21.42% of the company’s stock.

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.