ZIM Integrated Shipping Services (NYSE:ZIM) Shares Down 7.4% – Should You Sell?

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)’s stock price was down 7.4% during trading on Thursday . The company traded as low as $18.42 and last traded at $17.95. Approximately 1,690,036 shares traded hands during trading, a decline of 70% from the average daily volume of 5,664,592 shares. The stock had previously closed at $19.38.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on ZIM shares. Jefferies Financial Group reaffirmed a “hold” rating and set a $18.00 price target on shares of ZIM Integrated Shipping Services in a research report on Wednesday. Barclays lowered their price target on shares of ZIM Integrated Shipping Services from $16.50 to $16.00 and set an “underweight” rating on the stock in a research report on Friday, January 10th. Clarkson Capital raised shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a report on Friday, November 22nd. Fearnley Fonds lowered shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a report on Thursday, November 21st. Finally, JPMorgan Chase & Co. decreased their target price on shares of ZIM Integrated Shipping Services from $10.00 to $9.50 and set an “underweight” rating on the stock in a report on Friday, March 7th. Five investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a strong buy rating to the company. According to MarketBeat, ZIM Integrated Shipping Services has an average rating of “Hold” and a consensus target price of $14.04.

ZIM Integrated Shipping Services Trading Up 1.2 %

The business’s 50 day moving average price is $19.10 and its two-hundred day moving average price is $20.58. The company has a current ratio of 1.33, a quick ratio of 1.26 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $2.19 billion, a price-to-earnings ratio of 1.52, a P/E/G ratio of 0.27 and a beta of 1.70.

ZIM Integrated Shipping Services (NYSE:ZIM) last posted its quarterly earnings results on Wednesday, March 12th. The company reported $4.66 earnings per share for the quarter, beating analysts’ consensus estimates of $3.47 by $1.19. ZIM Integrated Shipping Services had a net margin of 19.26% and a return on equity of 48.63%. The company had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $1.99 billion. On average, equities 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 firm also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Monday, March 24th will be given a dividend of $3.17 per share. The ex-dividend date is Monday, March 24th. This is an increase from ZIM Integrated Shipping Services’s previous quarterly dividend of $2.81. This represents a $12.68 annualized dividend and a yield of 69.71%. ZIM Integrated Shipping Services’s dividend payout ratio (DPR) is currently 9.72%.

Institutional Investors Weigh In On ZIM Integrated Shipping Services

Hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. boosted its position in ZIM Integrated Shipping Services by 59.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,811,447 shares of the company’s stock worth $46,482,000 after buying an additional 674,723 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in ZIM Integrated Shipping Services during the 3rd quarter worth approximately $2,612,000. Blueshift Asset Management LLC acquired a new stake in ZIM Integrated Shipping Services during the 3rd quarter worth approximately $620,000. Quantbot Technologies LP boosted its position in ZIM Integrated Shipping Services by 9,573.0% during the 3rd quarter. Quantbot Technologies LP now owns 370,477 shares of the company’s stock worth $9,506,000 after buying an additional 366,647 shares during the period. Finally, Decker Retirement Planning Inc. acquired a new stake in ZIM Integrated Shipping Services during the 4th quarter worth approximately $5,509,000. 21.42% of the stock is currently owned by institutional investors and hedge funds.

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.