Jefferies Financial Group Lowers ZIM Integrated Shipping Services (NYSE:ZIM) to Hold

Jefferies Financial Group lowered shares of ZIM Integrated Shipping Services (NYSE:ZIM) from a buy rating to a hold rating in a research note published on Wednesday morning, Marketbeat Ratings reports. The firm currently has $25.00 target price on the stock.

Other equities analysts have also issued research reports about the company. Citigroup lowered ZIM Integrated Shipping Services from a neutral rating to a sell rating and lifted their price objective for the company from $11.60 to $13.00 in a research note on Thursday, June 6th. Barclays raised their target price on ZIM Integrated Shipping Services from $12.50 to $15.00 and gave the company an underweight rating in a research report on Friday, August 23rd. Bank of America raised their target price on ZIM Integrated Shipping Services from $12.20 to $13.70 and gave the company an underperform rating in a research report on Wednesday, August 28th. Finally, JPMorgan Chase & Co. restated an underweight rating and set a $10.50 target price on shares of ZIM Integrated Shipping Services in a research report on Tuesday, September 10th. Four research analysts have rated the stock with a sell rating and one has assigned a hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of Reduce and a consensus price target of $15.44.

ZIM Integrated Shipping Services Stock Performance

Shares of ZIM stock opened at $18.95 on Wednesday. The firm has a market capitalization of $2.28 billion, a price-to-earnings ratio of -0.90, a price-to-earnings-growth ratio of 0.05 and a beta of 1.86. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.04 and a quick ratio of 0.97. The business has a fifty day moving average of $19.81 and a 200 day moving average of $17.51. ZIM Integrated Shipping Services has a 1 year low of $6.39 and a 1 year high of $26.20.

ZIM Integrated Shipping Services (NYSE:ZIM) last issued its earnings results on Monday, August 19th. The company reported $3.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.07 by $1.01. The company had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.71 billion. ZIM Integrated Shipping Services had a positive return on equity of 2.89% and a negative net margin of 32.81%. During the same quarter last year, the business posted ($1.37) EPS. As a group, research analysts expect that ZIM Integrated Shipping Services will post 10.87 earnings per share for the current year.

ZIM Integrated Shipping Services Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Thursday, August 29th were issued a dividend of $0.93 per share. This is a boost from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.23. This represents a $3.72 annualized dividend and a dividend yield of 19.63%. The ex-dividend date of this dividend was Thursday, August 29th. ZIM Integrated Shipping Services’s payout ratio is currently -4.35%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Allianz Asset Management GmbH raised its position in shares of ZIM Integrated Shipping Services by 1,446.0% during the 4th quarter. Allianz Asset Management GmbH now owns 161,552 shares of the company’s stock valued at $1,595,000 after buying an additional 151,102 shares during the period. Susquehanna Fundamental Investments LLC purchased a new stake in shares of ZIM Integrated Shipping Services during the 2nd quarter valued at approximately $2,343,000. Seven Eight Capital LP raised its position in shares of ZIM Integrated Shipping Services by 166.1% during the 4th quarter. Seven Eight Capital LP now owns 83,745 shares of the company’s stock valued at $827,000 after buying an additional 52,270 shares during the period. Mitsubishi UFJ Trust & Banking Corp raised its position in shares of ZIM Integrated Shipping Services by 81.9% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 89,560 shares of the company’s stock valued at $956,000 after buying an additional 40,326 shares during the period. Finally, Y.D. More Investments Ltd purchased a new stake in shares of ZIM Integrated Shipping Services during the 2nd quarter valued at approximately $790,000. 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.