ZIM Integrated Shipping Services (NYSE:ZIM) Stock Price Up 5.1%

Shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIMGet Rating) rose 5.1% on Tuesday . The company traded as high as $59.95 and last traded at $59.75. Approximately 54,655 shares changed hands during trading, a decline of 99% from the average daily volume of 4,764,004 shares. The stock had previously closed at $56.83.

ZIM has been the subject of a number of recent analyst reports. Clarkson Capital cut ZIM Integrated Shipping Services from a “buy” rating to a “neutral” rating in a report on Thursday, March 10th. Barclays raised their price target on ZIM Integrated Shipping Services from $60.00 to $76.00 and gave the company an “equal weight” rating in a report on Wednesday, January 26th. Jefferies Financial Group raised their price target on ZIM Integrated Shipping Services from $100.00 to $120.00 and gave the company a “buy” rating in a report on Thursday, March 10th. Finally, Zacks Investment Research raised ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating and set a $66.00 price target for the company in a report on Thursday, January 27th. One analyst has rated the stock with a sell rating, two have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $76.40.

The stock has a market capitalization of $7.14 billion, a P/E ratio of 1.46 and a beta of 1.54. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.80 and a current ratio of 1.84. The stock has a 50-day simple moving average of $70.69 and a 200 day simple moving average of $60.41.

ZIM Integrated Shipping Services (NYSE:ZIMGet Rating) last posted its quarterly earnings results on Wednesday, March 9th. The company reported $14.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $13.65 by $0.52. ZIM Integrated Shipping Services had a return on equity of 201.14% and a net margin of 43.25%. The business had revenue of $3.47 billion for the quarter, compared to analyst estimates of $3.44 billion. Equities analysts predict that ZIM Integrated Shipping Services Ltd. will post 36.8 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, April 4th. Stockholders of record on Wednesday, March 23rd were given a $17.00 dividend. The ex-dividend date of this dividend was Tuesday, March 22nd. This represents a $68.00 annualized dividend and a dividend yield of 114.06%. ZIM Integrated Shipping Services’s dividend payout ratio is currently 50.21%.

Several large investors have recently bought and sold shares of ZIM. Qube Research & Technologies Ltd raised its stake in ZIM Integrated Shipping Services by 249.7% during the 4th quarter. Qube Research & Technologies Ltd now owns 120,825 shares of the company’s stock worth $7,112,000 after buying an additional 86,271 shares during the period. Goldman Sachs Group Inc. raised its stake in ZIM Integrated Shipping Services by 13.4% during the 3rd quarter. Goldman Sachs Group Inc. now owns 1,393,646 shares of the company’s stock worth $70,658,000 after buying an additional 164,742 shares during the period. Prescott Group Capital Management L.L.C. acquired a new stake in ZIM Integrated Shipping Services during the 3rd quarter worth $1,648,000. Koshinski Asset Management Inc. raised its stake in ZIM Integrated Shipping Services by 534.1% during the 4th quarter. Koshinski Asset Management Inc. now owns 2,080 shares of the company’s stock worth $122,000 after buying an additional 1,752 shares during the period. Finally, Russell Investments Group Ltd. raised its stake in ZIM Integrated Shipping Services by 21.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 64,885 shares of the company’s stock worth $3,329,000 after buying an additional 11,403 shares during the period. Institutional investors and hedge funds own 47.33% of the company’s stock.

ZIM Integrated Shipping Services Company Profile (NYSE:ZIM)

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.

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