ZIM Integrated Shipping Services (NYSE:ZIM) Upgraded to Strong-Buy at Clarkson Capital

Clarkson Capital upgraded shares of ZIM Integrated Shipping Services (NYSE:ZIM) from a hold rating to a strong-buy rating in a research report sent to investors on Friday,Zacks.com reports.

Several other equities research analysts have also commented on ZIM. Bank of America raised their price target on shares of ZIM Integrated Shipping Services from $12.20 to $13.70 and gave the company an “underperform” rating in a research note on Wednesday, August 28th. Barclays lifted their target price on ZIM Integrated Shipping Services from $13.90 to $16.50 and gave the company an “underweight” rating in a research note on Monday. Jefferies Financial Group reiterated a “hold” rating and set a $25.00 price target on shares of ZIM Integrated Shipping Services in a research report on Wednesday, November 20th. JPMorgan Chase & Co. reissued an “underweight” rating and set a $10.50 price target on shares of ZIM Integrated Shipping Services in a report on Tuesday, September 10th. Finally, Fearnley Fonds downgraded shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a report on Thursday, November 21st. 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, the stock presently has a consensus rating of “Hold” and an average price target of $15.74.

ZIM Integrated Shipping Services Stock Down 6.5 %

ZIM Integrated Shipping Services stock opened at $22.24 on Friday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.26 and a current ratio of 1.33. ZIM Integrated Shipping Services has a one year low of $6.39 and a one year high of $30.15. The company has a 50-day simple moving average of $22.85 and a 200-day simple moving average of $20.60. The firm has a market capitalization of $2.68 billion, a P/E ratio of 1.86, a P/E/G ratio of 0.05 and a beta of 1.88.

ZIM Integrated Shipping Services Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 9th. Investors of record on Monday, December 2nd will be issued a dividend of $2.81 per share. This is a positive change from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.93. This represents a $11.24 dividend on an annualized basis and a yield of 50.54%. The ex-dividend date is Monday, December 2nd. ZIM Integrated Shipping Services’s payout ratio is presently 9.72%.

Institutional Trading of ZIM Integrated Shipping Services

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

ZIM Integrated Shipping Services Company Profile

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.