ZIM Integrated Shipping Services (NYSE:ZIM) Given New $16.00 Price Target at Jefferies Financial Group

ZIM Integrated Shipping Services (NYSE:ZIM) had its target price lifted by Jefferies Financial Group from $15.00 to $16.00 in a research note published on Tuesday,Benzinga reports. Jefferies Financial Group currently has a hold rating on the stock.

A number of other equities research analysts have also recently commented on ZIM. JPMorgan Chase & Co. dropped their price objective 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. Bank of America dropped their price objective on shares of ZIM Integrated Shipping Services from $16.00 to $12.80 and set an “underperform” rating on the stock in a research note on Friday, April 11th. Finally, Barclays dropped their price objective on shares of ZIM Integrated Shipping Services from $13.50 to $12.00 and set an “underweight” rating on the stock in a research note on Wednesday, April 16th. Five analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $12.66.

ZIM Integrated Shipping Services Stock Performance

ZIM opened at $17.95 on Tuesday. ZIM Integrated Shipping Services has a 12-month low of $11.04 and a 12-month high of $30.15. 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 firm has a market capitalization of $2.16 billion, a PE ratio of 1.50, a P/E/G ratio of 0.27 and a beta of 1.84. The firm has a 50 day moving average of $15.18 and a two-hundred day moving average of $18.80.

ZIM Integrated Shipping Services (NYSE:ZIM) last posted its quarterly earnings results on Wednesday, March 12th. The company reported $4.66 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $1.99 billion. On average, analysts anticipate that ZIM Integrated Shipping Services will post 16.75 EPS for the current year.

ZIM Integrated Shipping Services Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Monday, March 24th were paid a $3.17 dividend. The ex-dividend date of this dividend was Monday, March 24th. This represents a $12.68 dividend on an annualized basis and a yield of 70.64%. This is a boost from ZIM Integrated Shipping Services’s previous quarterly dividend of $2.81. ZIM Integrated Shipping Services’s dividend payout ratio (DPR) is currently 6.51%.

Institutional Investors Weigh In On ZIM Integrated Shipping Services

Institutional investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC lifted its holdings in ZIM Integrated Shipping Services by 50.0% in the 4th quarter. Renaissance Technologies LLC now owns 5,726,631 shares of the company’s stock valued at $122,951,000 after purchasing an additional 1,909,480 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in ZIM Integrated Shipping Services by 33.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,784,352 shares of the company’s stock valued at $81,250,000 after purchasing an additional 940,587 shares in the last quarter. Nuveen LLC acquired a new position in shares of ZIM Integrated Shipping Services during the 1st quarter valued at about $12,322,000. BNP Paribas Financial Markets acquired a new position in shares of ZIM Integrated Shipping Services during the 4th quarter valued at about $16,381,000. Finally, Point72 Asset Management L.P. purchased a new stake in ZIM Integrated Shipping Services in the 4th quarter valued at about $14,324,000. 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.