ZIM Integrated Shipping Services (NYSE:ZIM) Stock Price Up 10.1% – Time to Buy?

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)’s share price rose 10.1% during mid-day trading on Monday . The company traded as high as $15.82 and last traded at $16.13. Approximately 2,833,158 shares traded hands during trading, a decline of 50% from the average daily volume of 5,656,987 shares. The stock had previously closed at $14.65.

Wall Street Analysts Forecast Growth

ZIM has been the topic of a number of recent analyst reports. Barclays dropped their price target on shares of ZIM Integrated Shipping Services from $16.00 to $13.50 and set an “underweight” rating on the stock in a research note on Monday, March 17th. JPMorgan Chase & Co. dropped their price target on shares of ZIM Integrated Shipping Services from $10.00 to $9.50 and set an “underweight” rating on the stock in a research note on Friday, March 7th. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $18.00 price target on shares of ZIM Integrated Shipping Services in a research note on Wednesday, March 12th. Five analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $13.54.

ZIM Integrated Shipping Services Stock Up 7.4 %

The company has a quick ratio of 1.26, a current ratio of 1.33 and a debt-to-equity ratio of 1.11. The firm’s 50 day moving average is $18.86 and its 200-day moving average is $20.61. The firm has a market cap of $1.89 billion, a PE ratio of 1.32, a P/E/G ratio of 0.27 and a beta of 1.70.

ZIM Integrated Shipping Services (NYSE:ZIM) last issued its quarterly earnings results on Wednesday, March 12th. The company reported $4.66 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $2.17 billion during the quarter, compared to analyst estimates of $1.99 billion. As a group, equities research analysts expect 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 disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Monday, March 24th will be given a $3.17 dividend. The ex-dividend date of this dividend is Monday, March 24th. This represents a $12.68 annualized dividend and a dividend yield of 80.61%. This is a positive change from ZIM Integrated Shipping Services’s previous quarterly dividend of $2.81. ZIM Integrated Shipping Services’s dividend payout ratio is presently 6.51%.

Institutional Investors Weigh In On ZIM Integrated Shipping Services

Large investors have recently made changes to their positions in the business. Altshuler Shaham Ltd increased its position in shares of ZIM Integrated Shipping Services by 650.0% in the fourth quarter. Altshuler Shaham Ltd now owns 1,500 shares of the company’s stock worth $32,000 after acquiring an additional 1,300 shares in the last quarter. Employees Retirement System of Texas acquired a new stake in shares of ZIM Integrated Shipping Services in the fourth quarter worth $45,000. Sunbelt Securities Inc. acquired a new stake in shares of ZIM Integrated Shipping Services in the third quarter worth $71,000. Mark Sheptoff Financial Planning LLC increased its position in shares of ZIM Integrated Shipping Services by 126.7% in the third quarter. Mark Sheptoff Financial Planning LLC now owns 3,400 shares of the company’s stock worth $87,000 after acquiring an additional 1,900 shares in the last quarter. Finally, Brown Brothers Harriman & Co. acquired a new stake in shares of ZIM Integrated Shipping Services in the fourth quarter worth $79,000. Institutional investors and hedge funds 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.