ZIM Integrated Shipping Services (NYSE:ZIM) Shares Gap Up – Time to Buy?

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $19.37, but opened at $20.24. ZIM Integrated Shipping Services shares last traded at $20.88, with a volume of 1,013,463 shares changing hands.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Fearnley Fonds lowered shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 21st. Barclays cut their price objective on ZIM Integrated Shipping Services from $16.50 to $16.00 and set an “underweight” rating for the company in a research report on Friday, January 10th. Clarkson Capital upgraded ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a report on Friday, November 22nd. Finally, Jefferies Financial Group dropped their price target on ZIM Integrated Shipping Services from $28.00 to $22.00 and set a “hold” rating on the stock in a research note on Tuesday, December 17th. Five analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $15.04.

ZIM Integrated Shipping Services Stock 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 firm has a market cap of $2.51 billion, a price-to-earnings ratio of 1.74, a price-to-earnings-growth ratio of 0.23 and a beta of 1.74. The firm’s 50 day moving average is $19.22 and its 200-day moving average is $20.48.

ZIM Integrated Shipping Services Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, December 2nd were given a $2.81 dividend. This is a positive change from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.93. The ex-dividend date was Monday, December 2nd. This represents a $11.24 dividend on an annualized basis and a dividend yield of 53.87%. ZIM Integrated Shipping Services’s dividend payout ratio (DPR) is currently 9.72%.

Institutional Trading of ZIM Integrated Shipping Services

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Fairman Group LLC acquired a new stake in shares of ZIM Integrated Shipping Services during the 3rd quarter worth approximately $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of ZIM Integrated Shipping Services during the 3rd quarter valued at about $31,000. American Capital Advisory LLC bought a new stake in ZIM Integrated Shipping Services in the third quarter valued at about $69,000. Sunbelt Securities Inc. acquired a new position in ZIM Integrated Shipping Services in the third quarter worth about $71,000. Finally, Farther Finance Advisors LLC lifted its stake in ZIM Integrated Shipping Services by 467.6% during the third quarter. Farther Finance Advisors LLC now owns 2,974 shares of the company’s stock worth $76,000 after purchasing an additional 2,450 shares during the period. 21.42% of the stock is currently owned by institutional investors and hedge funds.

About ZIM Integrated Shipping Services

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.