ZIM Integrated Shipping Services (NYSE:ZIM) Shares Gap Up – Time to Buy?

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) gapped up before the market opened on Friday . The stock had previously closed at $22.10, but opened at $22.85. ZIM Integrated Shipping Services shares last traded at $22.65, with a volume of 1,865,583 shares trading hands.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on ZIM shares. Fearnley Fonds lowered ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a report on Thursday, November 21st. Clarkson Capital upgraded shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 22nd. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $10.50 target price on shares of ZIM Integrated Shipping Services in a research note on Tuesday, September 10th. Jefferies Financial Group reissued a “hold” rating and issued a $25.00 price target on shares of ZIM Integrated Shipping Services in a research note on Wednesday, November 20th. Finally, Bank of America increased their price target 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. Five equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $15.74.

ZIM Integrated Shipping Services Trading Up 1.0 %

The stock has a 50 day moving average price of $22.94 and a 200 day moving average price 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. The company has a market cap of $2.69 billion, a PE ratio of 1.85, a PEG ratio of 0.05 and a beta of 1.88.

ZIM Integrated Shipping Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 9th. Investors of record on Monday, December 2nd will be paid a $2.81 dividend. This represents a $11.24 annualized dividend and a dividend yield of 50.34%. This is a positive change from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.93. The ex-dividend date of this dividend is Monday, December 2nd. ZIM Integrated Shipping Services’s dividend payout ratio (DPR) is presently 9.72%.

Institutional Trading of ZIM Integrated Shipping Services

Several large investors have recently added to or reduced their stakes in the business. International Assets Investment Management LLC grew its position in shares of ZIM Integrated Shipping Services by 2,228.7% during the 3rd quarter. International Assets Investment Management LLC now owns 402,862 shares of the company’s stock valued at $10,337,000 after acquiring an additional 385,562 shares during the period. Quantbot Technologies LP lifted its position in ZIM Integrated Shipping Services by 9,573.0% during the third quarter. Quantbot Technologies LP now owns 370,477 shares of the company’s stock valued at $9,506,000 after purchasing an additional 366,647 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in ZIM Integrated Shipping Services in the second quarter worth about $2,343,000. SG Americas Securities LLC raised its stake in shares of ZIM Integrated Shipping Services by 1,226.7% in the third quarter. SG Americas Securities LLC now owns 343,581 shares of the company’s stock worth $8,816,000 after buying an additional 317,684 shares during the period. Finally, Blueshift Asset Management LLC purchased a new position in shares of ZIM Integrated Shipping Services during the 3rd quarter valued at about $620,000. 21.42% of the stock is currently owned by institutional investors.

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.