ZIM Integrated Shipping Services (NYSE:ZIM) Trading 6.4% Higher – What’s Next?

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)’s share price rose 6.4% during mid-day trading on Monday . The company traded as high as $19.04 and last traded at $19.24. Approximately 1,655,321 shares changed hands during mid-day trading, a decline of 69% from the average daily volume of 5,289,694 shares. The stock had previously closed at $18.09.

Analysts Set New Price Targets

A number of brokerages recently commented on ZIM. Jefferies Financial Group decreased their target price on shares of ZIM Integrated Shipping Services from $28.00 to $22.00 and set a “hold” rating on the stock in a research report on Tuesday, December 17th. Clarkson Capital raised ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 22nd. Fearnley Fonds lowered ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 21st. Finally, Barclays decreased their price target on ZIM Integrated Shipping Services from $16.50 to $16.00 and set an “underweight” rating on the stock in a research note on Friday, January 10th. Five 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $15.04.

ZIM Integrated Shipping Services Price Performance

The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.26 and a current ratio of 1.33. The business has a 50-day simple moving average of $19.25 and a 200 day simple moving average of $20.50. The firm has a market cap of $2.39 billion, a P/E ratio of 1.66, a price-to-earnings-growth ratio of 0.23 and a beta of 1.74.

ZIM Integrated Shipping Services Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, December 2nd were issued a dividend of $2.81 per share. This represents a $11.24 dividend on an annualized basis and a dividend yield of 56.68%. The ex-dividend date was Monday, December 2nd. This is an increase from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.93. ZIM Integrated Shipping Services’s dividend payout ratio is currently 9.72%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in ZIM. Fairman Group LLC bought a new stake in shares of ZIM Integrated Shipping Services during the 3rd quarter valued at about $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in ZIM Integrated Shipping Services during the 3rd quarter valued at approximately $31,000. American Capital Advisory LLC purchased a new position in shares of ZIM Integrated Shipping Services during the 3rd quarter worth approximately $69,000. Sunbelt Securities Inc. purchased a new position in shares of ZIM Integrated Shipping Services during the 3rd quarter worth approximately $71,000. Finally, Farther Finance Advisors LLC raised its position in shares of ZIM Integrated Shipping Services by 467.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,974 shares of the company’s stock worth $76,000 after acquiring an additional 2,450 shares in the last quarter. 21.42% of the stock is owned by hedge funds and other institutional investors.

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.