ZIM Integrated Shipping Services (NYSE:ZIM) Shares Gap Up – What’s Next?

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $19.37, but opened at $20.24. ZIM Integrated Shipping Services shares last traded at $20.88, with a volume of 1,013,463 shares trading hands.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ZIM. Barclays dropped their price objective on ZIM Integrated Shipping Services from $16.50 to $16.00 and set an “underweight” rating on the stock in a report on Friday, January 10th. Clarkson Capital raised shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a report on Friday, November 22nd. Fearnley Fonds cut shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 21st. Finally, Jefferies Financial Group lowered their price target on ZIM Integrated Shipping Services from $28.00 to $22.00 and set a “hold” rating on the stock in a report on Tuesday, December 17th. Five investment analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, ZIM Integrated Shipping Services has a consensus rating of “Hold” and a consensus target price of $15.04.

ZIM Integrated Shipping Services Trading Down 4.6 %

The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.26 and a current ratio of 1.33. The firm has a market cap of $2.39 billion, a price-to-earnings ratio of 1.66, a price-to-earnings-growth ratio of 0.23 and a beta of 1.74. The business’s 50 day moving average price is $19.25 and its 200-day moving average price is $20.50.

ZIM Integrated Shipping Services Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, December 2nd were issued a dividend of $2.81 per share. This represents a $11.24 dividend on an annualized basis and a dividend yield of 56.68%. This is a boost from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.93. The ex-dividend date of this dividend was Monday, December 2nd. ZIM Integrated Shipping Services’s dividend payout ratio is 9.72%.

Hedge Funds Weigh In On ZIM Integrated Shipping Services

A number of hedge funds and other institutional investors have recently bought and sold shares of ZIM. Fairman Group LLC bought a new stake in shares of ZIM Integrated Shipping Services in the 3rd quarter worth approximately $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in ZIM Integrated Shipping Services in the third quarter worth $31,000. American Capital Advisory LLC bought a new stake in ZIM Integrated Shipping Services in the third quarter valued at $69,000. Sunbelt Securities Inc. acquired a new position in shares of ZIM Integrated Shipping Services during the third quarter valued at $71,000. Finally, Farther Finance Advisors LLC grew its position in shares of ZIM Integrated Shipping Services by 467.6% during the third quarter. Farther Finance Advisors LLC now owns 2,974 shares of the company’s stock worth $76,000 after acquiring an additional 2,450 shares during the last quarter. 21.42% of the stock is currently 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.