Barclays Cuts ZIM Integrated Shipping Services (NYSE:ZIM) Price Target to $12.00

ZIM Integrated Shipping Services (NYSE:ZIM) had its price target trimmed by Barclays from $13.50 to $12.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has an underweight rating on the stock.

Several other brokerages also recently issued reports on ZIM. Jefferies Financial Group restated a “hold” rating and issued a $18.00 price objective on shares of ZIM Integrated Shipping Services in a research report on Wednesday, March 12th. JPMorgan Chase & Co. cut their price objective on shares of ZIM Integrated Shipping Services from $10.00 to $9.50 and set an “underweight” rating for the company in a research report on Friday, March 7th. Finally, Bank of America lowered their target price on shares of ZIM Integrated Shipping Services from $16.00 to $12.80 and set an “underperform” rating for the company in a research note on Friday, April 11th. Five investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $13.06.

ZIM Integrated Shipping Services Stock Up 2.0 %

ZIM opened at $13.75 on Wednesday. ZIM Integrated Shipping Services has a one year low of $9.75 and a one year high of $30.15. The company has a market cap of $1.66 billion, a price-to-earnings ratio of 1.15, a PEG ratio of 0.27 and a beta of 1.84. The business’s fifty day moving average is $17.27 and its two-hundred day moving average is $19.64. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.26 and a current ratio of 1.33.

ZIM Integrated Shipping Services (NYSE:ZIM) last posted its earnings results on Wednesday, March 12th. The company reported $4.66 earnings per share for the quarter, beating the consensus estimate of $3.47 by $1.19. The firm had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $1.99 billion. ZIM Integrated Shipping Services had a net margin of 19.26% and a return on equity of 48.63%. Analysts anticipate that ZIM Integrated Shipping Services will post 16.75 EPS for the current fiscal year.

ZIM Integrated Shipping Services Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Monday, March 24th were given a $3.17 dividend. This is a positive change from ZIM Integrated Shipping Services’s previous quarterly dividend of $2.81. This represents a $12.68 annualized dividend and a dividend yield of 92.19%. The ex-dividend date of this dividend was Monday, March 24th. ZIM Integrated Shipping Services’s dividend payout ratio (DPR) is 6.51%.

Institutional Investors Weigh In On ZIM Integrated Shipping Services

A number of institutional investors have recently added to or reduced their stakes in ZIM. Altshuler Shaham Ltd raised its stake in shares of ZIM Integrated Shipping Services by 650.0% in the 4th quarter. Altshuler Shaham Ltd now owns 1,500 shares of the company’s stock valued at $32,000 after acquiring an additional 1,300 shares during the period. Employees Retirement System of Texas purchased a new stake in shares of ZIM Integrated Shipping Services in the fourth quarter worth about $45,000. Brown Brothers Harriman & Co. acquired a new stake in shares of ZIM Integrated Shipping Services in the fourth quarter valued at about $79,000. R Squared Ltd purchased a new stake in shares of ZIM Integrated Shipping Services during the 4th quarter valued at about $88,000. Finally, Mark Sheptoff Financial Planning LLC lifted its position in ZIM Integrated Shipping Services by 26.5% during the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 4,300 shares of the company’s stock worth $92,000 after acquiring an additional 900 shares in the last quarter. Hedge funds and other institutional investors 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.