ZIM Integrated Shipping Services (NYSE:ZIM) PT Lowered to $30.00 at The Goldman Sachs Group

ZIM Integrated Shipping Services (NYSE:ZIMGet Rating) had its target price decreased by The Goldman Sachs Group from $60.00 to $30.00 in a research note published on Tuesday, The Fly reports.

ZIM has been the subject of a number of other research reports. Citigroup downgraded shares of ZIM Integrated Shipping Services from a buy rating to a neutral rating in a research report on Monday, August 22nd. Barclays reduced their price objective on shares of ZIM Integrated Shipping Services from $76.00 to $63.00 and set an equal weight rating for the company in a research report on Friday, August 19th. JPMorgan Chase & Co. raised shares of ZIM Integrated Shipping Services from an underweight rating to a neutral rating and increased their target price for the company from $43.60 to $53.30 in a report on Friday, June 17th. Jefferies Financial Group initiated coverage on shares of ZIM Integrated Shipping Services in a report on Wednesday, July 20th. They issued a hold rating and a $55.00 target price for the company. Finally, Clarkson Capital reaffirmed a neutral rating on shares of ZIM Integrated Shipping Services in a report on Tuesday, June 14th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus target price of $48.26.

ZIM Integrated Shipping Services Price Performance

Shares of NYSE:ZIM opened at $26.38 on Tuesday. The company has a quick ratio of 1.57, a current ratio of 1.64 and a debt-to-equity ratio of 0.59. The company has a market cap of $3.16 billion, a P/E ratio of 0.51 and a beta of 2.43. ZIM Integrated Shipping Services has a 52 week low of $26.24 and a 52 week high of $91.23. The company has a 50-day moving average price of $42.74 and a 200 day moving average price of $54.70.

ZIM Integrated Shipping Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 8th. Stockholders of record on Monday, August 29th were paid a dividend of $4.75 per share. This represents a $19.00 dividend on an annualized basis and a dividend yield of 72.02%. This is a boost from ZIM Integrated Shipping Services’s previous quarterly dividend of $2.85. The ex-dividend date was Friday, August 26th. ZIM Integrated Shipping Services’s dividend payout ratio (DPR) is 36.83%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of ZIM. Pictet Asset Management SA purchased a new position in shares of ZIM Integrated Shipping Services during the 4th quarter worth approximately $267,000. JPMorgan Chase & Co. grew its stake in ZIM Integrated Shipping Services by 61.7% in the 4th quarter. JPMorgan Chase & Co. now owns 1,399,431 shares of the company’s stock worth $82,370,000 after acquiring an additional 533,816 shares during the period. GSA Capital Partners LLP grew its stake in ZIM Integrated Shipping Services by 113.0% in the 4th quarter. GSA Capital Partners LLP now owns 30,779 shares of the company’s stock worth $1,812,000 after acquiring an additional 16,332 shares during the period. Diametric Capital LP purchased a new stake in ZIM Integrated Shipping Services in the 4th quarter worth approximately $1,552,000. Finally, LMR Partners LLP grew its stake in ZIM Integrated Shipping Services by 3.2% in the 4th quarter. LMR Partners LLP now owns 59,172 shares of the company’s stock worth $3,483,000 after acquiring an additional 1,839 shares during the period. 42.82% of the stock is owned by hedge funds and other institutional investors.

ZIM Integrated Shipping Services Company Profile

(Get Rating)

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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Analyst Recommendations for ZIM Integrated Shipping Services (NYSE:ZIM)

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