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

Shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) have been given a consensus recommendation of “Reduce” by the seven research firms that are covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $15.04.

A number of brokerages recently commented on ZIM. Jefferies Financial Group dropped their price target on ZIM Integrated Shipping Services from $28.00 to $22.00 and set a “hold” rating for the company in a research note on Tuesday, December 17th. Fearnley Fonds lowered shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a report on Thursday, November 21st. Barclays decreased their price target on shares of ZIM Integrated Shipping Services from $16.50 to $16.00 and set an “underweight” rating on the stock in a research note on Friday. Finally, Clarkson Capital upgraded shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a report on Friday, November 22nd.

ZIM Integrated Shipping Services Stock Down 7.4 %

Shares of ZIM stock opened at $19.19 on Friday. The stock has a market cap of $2.31 billion, a P/E ratio of 1.61, a PEG ratio of 0.04 and a beta of 1.77. The company’s fifty day simple moving average is $21.98 and its two-hundred day simple moving average is $20.78. The company has a quick ratio of 1.26, a current ratio of 1.33 and a debt-to-equity ratio of 1.11. ZIM Integrated Shipping Services has a 52 week low of $9.08 and a 52 week high of $30.15.

ZIM Integrated Shipping Services Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, December 2nd were paid a dividend of $2.81 per share. The ex-dividend date was Monday, December 2nd. This is a boost from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.93. This represents a $11.24 dividend on an annualized basis and a dividend yield of 58.57%. ZIM Integrated Shipping Services’s payout ratio is currently 9.72%.

Institutional Trading of ZIM Integrated Shipping Services

Several institutional investors have recently added to or reduced their stakes in ZIM. Renaissance Technologies LLC grew its position in ZIM Integrated Shipping Services by 479.9% in the 2nd quarter. Renaissance Technologies LLC now owns 2,635,500 shares of the company’s stock valued at $58,429,000 after acquiring an additional 2,181,000 shares during the last quarter. Marshall Wace LLP increased its stake in ZIM Integrated Shipping Services by 638.6% in the 2nd quarter. Marshall Wace LLP now owns 2,397,311 shares of the company’s stock worth $53,148,000 after buying an additional 2,072,715 shares during the period. JPMorgan Chase & Co. lifted its holdings in ZIM Integrated Shipping Services by 59.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,811,447 shares of the company’s stock valued at $46,482,000 after buying an additional 674,723 shares in the last quarter. Encompass Capital Advisors LLC purchased a new stake in ZIM Integrated Shipping Services in the 2nd quarter valued at about $14,383,000. Finally, International Assets Investment Management LLC grew its stake in ZIM Integrated Shipping Services by 2,228.7% in the 3rd quarter. International Assets Investment Management LLC now owns 402,862 shares of the company’s stock worth $10,337,000 after acquiring an additional 385,562 shares in the last quarter. Institutional investors 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.