Jefferies Financial Group Cuts ZIM Integrated Shipping Services (NYSE:ZIM) Price Target to $22.00

ZIM Integrated Shipping Services (NYSE:ZIM) had its price objective lowered by Jefferies Financial Group from $28.00 to $22.00 in a research report sent to investors on Tuesday,Benzinga reports. Jefferies Financial Group currently has a hold rating on the stock.

A number of other brokerages have also commented on ZIM. Clarkson Capital upgraded ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research note 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. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $10.50 target price on shares of ZIM Integrated Shipping Services in a research report on Tuesday, September 10th. 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 research report on Wednesday, August 28th. Finally, Barclays lifted their price objective on ZIM Integrated Shipping Services from $13.90 to $16.50 and gave the company an “underweight” rating in a report on Monday, November 25th. Five 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 stock. According to MarketBeat, ZIM Integrated Shipping Services has an average rating of “Hold” and an average target price of $15.14.

ZIM Integrated Shipping Services Trading Up 1.0 %

ZIM Integrated Shipping Services stock opened at $18.38 on Tuesday. The business has a 50 day moving average price of $22.37 and a two-hundred day moving average price of $20.62. 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 12 month low of $9.08 and a 12 month high of $30.15. The stock has a market cap of $2.21 billion, a price-to-earnings ratio of 1.54, a price-to-earnings-growth ratio of 0.04 and a beta of 1.78.

ZIM Integrated Shipping Services Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, December 2nd were paid a dividend of $2.81 per share. This represents a $11.24 annualized dividend and a yield of 61.15%. 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 currently 9.72%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of ZIM. Virtu Financial LLC bought a new position in ZIM Integrated Shipping Services in the 3rd quarter valued at $893,000. Sunbelt Securities Inc. bought a new position in shares of ZIM Integrated Shipping Services in the third quarter valued at about $71,000. Geode Capital Management LLC lifted its position in ZIM Integrated Shipping Services by 3.4% during the 3rd quarter. Geode Capital Management LLC now owns 88,086 shares of the company’s stock worth $2,260,000 after buying an additional 2,873 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in ZIM Integrated Shipping Services during the 3rd quarter worth about $3,364,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in ZIM Integrated Shipping Services during the 3rd quarter worth about $2,612,000. 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.