ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Given Average Recommendation of “Strong Sell” by Brokerages

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) has been given a consensus rating of “Strong Sell” by the seven ratings firms that are covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $14.58.

A number of equities research analysts have recently commented on the stock. JPMorgan Chase & Co. raised their price objective on shares of ZIM Integrated Shipping Services from $9.50 to $9.80 and gave the stock an “underweight” rating in a research note on Friday, August 22nd. Wall Street Zen cut shares of ZIM Integrated Shipping Services from a “hold” rating to a “sell” rating in a research note on Friday, August 22nd. Citigroup reissued a “sell” rating on shares of ZIM Integrated Shipping Services in a research note on Monday, August 11th. Barclays dropped their price target on shares of ZIM Integrated Shipping Services from $14.80 to $13.30 and set an “underweight” rating on the stock in a research note on Thursday, August 28th. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $17.00 price target on shares of ZIM Integrated Shipping Services in a research note on Wednesday, August 20th.

Institutional Investors Weigh In On ZIM Integrated Shipping Services

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Osaic Holdings Inc. grew its holdings in shares of ZIM Integrated Shipping Services by 159.6% during the second quarter. Osaic Holdings Inc. now owns 48,235 shares of the company’s stock worth $776,000 after buying an additional 29,654 shares in the last quarter. B. Riley Wealth Advisors Inc. purchased a new stake in shares of ZIM Integrated Shipping Services during the second quarter worth $453,000. Marex Group plc purchased a new stake in shares of ZIM Integrated Shipping Services during the second quarter worth $415,000. Advisory Services Network LLC grew its holdings in shares of ZIM Integrated Shipping Services by 22.0% during the second quarter. Advisory Services Network LLC now owns 39,742 shares of the company’s stock worth $630,000 after buying an additional 7,169 shares in the last quarter. Finally, State of Wyoming grew its holdings in shares of ZIM Integrated Shipping Services by 25.6% during the second quarter. State of Wyoming now owns 32,237 shares of the company’s stock worth $519,000 after buying an additional 6,567 shares in the last quarter. Institutional investors and hedge funds own 21.42% of the company’s stock.

ZIM Integrated Shipping Services Price Performance

Shares of NYSE ZIM opened at $14.07 on Friday. The stock has a market capitalization of $1.69 billion, a price-to-earnings ratio of 0.85, a PEG ratio of 0.17 and a beta of 1.74. ZIM Integrated Shipping Services has a 12 month low of $11.03 and a 12 month high of $30.15. The firm’s 50 day simple moving average is $15.07 and its 200-day simple moving average is $15.66. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.20 and a quick ratio of 1.11.

ZIM Integrated Shipping Services (NYSE:ZIM) last issued its quarterly earnings data on Wednesday, August 20th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $1.50 by ($1.31). The firm had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.84 billion. ZIM Integrated Shipping Services had a return on equity of 50.61% and a net margin of 23.37%. Analysts expect that ZIM Integrated Shipping Services will post 16.75 EPS for the current year.

ZIM Integrated Shipping Services Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 9th. Investors of record on Tuesday, September 2nd were paid a $0.06 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $0.24 dividend on an annualized basis and a yield of 1.7%. ZIM Integrated Shipping Services’s dividend payout ratio (DPR) is currently 1.44%.

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.