ZIM Integrated Shipping Services (NYSE:ZIM) Given New $16.00 Price Target at Barclays

ZIM Integrated Shipping Services (NYSE:ZIM) had its target price decreased by Barclays from $16.50 to $16.00 in a research note issued to investors on Friday,Benzinga reports. Barclays currently has an underweight rating on the stock.

A number of other equities research analysts have also recently issued reports on ZIM. Jefferies Financial Group dropped their price target on shares of ZIM Integrated Shipping Services from $28.00 to $22.00 and set a “hold” rating on the stock in a research note on Tuesday, December 17th. 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, Clarkson Capital raised shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 22nd. Five equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a strong buy rating to the company. According to data from MarketBeat, ZIM Integrated Shipping Services presently has a consensus rating of “Hold” and a consensus price target of $15.04.

ZIM Integrated Shipping Services Stock Performance

ZIM opened at $19.19 on Friday. The stock has a market cap of $2.31 billion, a P/E ratio of 1.61, a P/E/G ratio of 0.04 and a beta of 1.77. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.33 and a quick ratio of 1.26. The firm has a fifty day moving average price of $21.98 and a 200 day moving average price of $20.78. ZIM Integrated Shipping Services has a 1 year low of $9.08 and a 1 year high of $30.15.

ZIM Integrated Shipping Services Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, December 2nd were paid a $2.81 dividend. This is an increase from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.93. This represents a $11.24 annualized dividend and a dividend yield of 58.57%. The ex-dividend date was Monday, December 2nd. ZIM Integrated Shipping Services’s dividend payout ratio (DPR) is currently 9.72%.

Institutional Trading of ZIM Integrated Shipping Services

Several large investors have recently bought and sold shares of the business. Rhumbline Advisers boosted its holdings in shares of ZIM Integrated Shipping Services by 39.3% during the 2nd quarter. Rhumbline Advisers now owns 11,732 shares of the company’s stock worth $260,000 after purchasing an additional 3,311 shares during the last quarter. Headlands Technologies LLC grew its holdings in ZIM Integrated Shipping Services by 790.8% in the 2nd quarter. Headlands Technologies LLC now owns 18,805 shares of the company’s stock valued at $417,000 after buying an additional 16,694 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of ZIM Integrated Shipping Services by 7.8% during the 2nd quarter. American Century Companies Inc. now owns 1,759,141 shares of the company’s stock worth $39,000,000 after acquiring an additional 127,229 shares during the period. Renaissance Technologies LLC boosted its position in shares of ZIM Integrated Shipping Services by 479.9% during the 2nd quarter. Renaissance Technologies LLC now owns 2,635,500 shares of the company’s stock valued at $58,429,000 after acquiring an additional 2,181,000 shares during the last quarter. Finally, Hsbc Holdings PLC grew its holdings in shares of ZIM Integrated Shipping Services by 73.1% in the second quarter. Hsbc Holdings PLC now owns 50,860 shares of the company’s stock valued at $1,116,000 after purchasing an additional 21,474 shares during the period. Hedge funds and other institutional investors own 21.42% of the company’s stock.

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.