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

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) gapped up prior to trading on Monday . The stock had previously closed at $18.76, but opened at $19.59. ZIM Integrated Shipping Services shares last traded at $19.5360, with a volume of 685,424 shares.

Analyst Upgrades and Downgrades

A number of analysts recently commented on ZIM shares. UBS Group set a $9.70 price target on ZIM Integrated Shipping Services in a research report on Monday, November 24th. Barclays decreased their target price on ZIM Integrated Shipping Services from $14.80 to $13.30 and set an “underweight” rating for the company in a research report on Thursday, August 28th. Weiss Ratings reissued a “hold (c)” rating on shares of ZIM Integrated Shipping Services in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of ZIM Integrated Shipping Services from a “sell” rating to a “hold” rating in a report on Friday, November 28th. Finally, JPMorgan Chase & Co. dropped their target price on shares of ZIM Integrated Shipping Services from $9.70 to $8.70 and set an “underweight” rating on the stock in a research note on Monday, December 1st. Three investment analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Strong Sell” and a consensus price target of $14.08.

ZIM Integrated Shipping Services Stock Down 1.8%

The firm has a market capitalization of $2.41 billion, a P/E ratio of 2.41 and a beta of 1.70. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.22 and a current ratio of 1.30. The stock has a 50 day moving average of $16.40 and a 200-day moving average of $15.80.

ZIM Integrated Shipping Services (NYSE:ZIM) last posted its earnings results on Thursday, November 20th. The company reported $1.02 earnings per share for the quarter, missing the consensus estimate of $1.67 by ($0.65). ZIM Integrated Shipping Services had a return on equity of 25.18% and a net margin of 13.22%.The business had revenue of $1.78 billion during the quarter, compared to analysts’ expectations of $1.74 billion. Research analysts predict that ZIM Integrated Shipping Services Ltd. will post 16.75 earnings per share for the current fiscal year.

ZIM Integrated Shipping Services Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 8th. Shareholders of record on Monday, December 1st were paid a $0.31 dividend. The ex-dividend date was Monday, December 1st. This represents a $1.24 annualized dividend and a yield of 6.2%. This is an increase from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.06. ZIM Integrated Shipping Services’s dividend payout ratio is 2.88%.

Institutional Trading of ZIM Integrated Shipping Services

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership raised its holdings in shares of ZIM Integrated Shipping Services by 134.9% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 4,368,287 shares of the company’s stock valued at $70,286,000 after buying an additional 2,508,432 shares in the last quarter. BNP Paribas Financial Markets grew its position in ZIM Integrated Shipping Services by 29,305.7% during the second quarter. BNP Paribas Financial Markets now owns 1,310,614 shares of the company’s stock valued at $21,088,000 after acquiring an additional 1,306,157 shares during the last quarter. Yelin Lapidot Holdings Management Ltd. raised its stake in shares of ZIM Integrated Shipping Services by 96.7% during the third quarter. Yelin Lapidot Holdings Management Ltd. now owns 2,422,986 shares of the company’s stock worth $32,831,000 after acquiring an additional 1,191,480 shares in the last quarter. Jump Financial LLC raised its stake in shares of ZIM Integrated Shipping Services by 204.0% during the second quarter. Jump Financial LLC now owns 1,536,092 shares of the company’s stock worth $24,716,000 after acquiring an additional 1,030,817 shares in the last quarter. Finally, Kingstone Capital Partners Texas LLC bought a new stake in shares of ZIM Integrated Shipping Services in the 2nd quarter worth approximately $15,850,000. 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.