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

Shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) have been given a consensus recommendation of “Reduce” by the seven brokerages that are covering the company, MarketBeat.com reports. Five analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $15.74.

Several research analysts recently commented on the stock. 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 lowered ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a report on Thursday, November 21st. Jefferies Financial Group reiterated a “hold” rating and set a $25.00 price objective on shares of ZIM Integrated Shipping Services in a research note on Wednesday, November 20th. Bank of America raised their target price on ZIM Integrated Shipping Services from $12.20 to $13.70 and gave the stock an “underperform” rating in a research note on Wednesday, August 28th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and set a $10.50 price target on shares of ZIM Integrated Shipping Services in a research report on Tuesday, September 10th.

ZIM Integrated Shipping Services Price Performance

Shares of NYSE:ZIM opened at $22.03 on Friday. The firm has a market capitalization of $2.65 billion, a PE ratio of 1.85, a P/E/G ratio of 0.05 and a beta of 1.88. The company has a quick ratio of 1.26, a current ratio of 1.33 and a debt-to-equity ratio of 1.11. The company has a 50-day moving average price of $23.01 and a two-hundred day moving average price of $20.67. ZIM Integrated Shipping Services has a twelve month low of $6.78 and a twelve month high of $30.15.

ZIM Integrated Shipping Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 9th. Stockholders 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. The ex-dividend date is Monday, December 2nd. This represents a $11.24 annualized dividend and a dividend yield of 51.02%. ZIM Integrated Shipping Services’s payout ratio is presently 9.72%.

Institutional Investors Weigh In On ZIM Integrated Shipping Services

Several hedge funds have recently bought and sold shares of ZIM. Fairman Group LLC purchased a new stake in shares of ZIM Integrated Shipping Services during the 3rd quarter valued at $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in ZIM Integrated Shipping Services during the third quarter worth about $31,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of 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 purchasing an additional 1,850 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of ZIM Integrated Shipping Services by 1,431.1% during the 1st quarter. Russell Investments Group Ltd. now owns 6,063 shares of the company’s stock valued at $61,000 after purchasing an additional 5,667 shares during the last quarter. Finally, American Capital Advisory LLC purchased a new position in shares of ZIM Integrated Shipping Services during the 3rd quarter valued at about $69,000. 21.42% of the stock is currently owned by institutional investors.

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.