ZIM Integrated Shipping Services (ZIM) – Research Analysts’ Weekly Ratings Updates

ZIM Integrated Shipping Services (NYSE: ZIM) recently received a number of ratings updates from brokerages and research firms:

• 11/25/2024 – ZIM Integrated Shipping Services had its price target raised by analysts at Barclays PLC from $13.90 to $16.50. They now have an “underweight” rating on the stock.
• 11/22/2024 – ZIM Integrated Shipping Services was upgraded by analysts at Clarkson Capital from a “hold” rating to a “strong-buy” rating.
• 11/21/2024 – ZIM Integrated Shipping Services was downgraded by analysts at Fearnley Fonds from a “hold” rating to a “strong sell” rating.
• 11/20/2024 – ZIM Integrated Shipping Services had its “hold” rating reaffirmed by analysts at Jefferies Financial Group Inc.. They now have a $25.00 price target on the stock.
• 10/23/2024 – ZIM Integrated Shipping Services had its price target raised by analysts at Barclays PLC from $12.30 to $13.90. They now have an “underweight” rating on the stock.
• 10/2/2024 – ZIM Integrated Shipping Services was downgraded by analysts at Jefferies Financial Group Inc. from a “buy” rating to a “hold” rating. They now have a $25.00 price target on the stock.

ZIM Integrated Shipping Services Trading Down 5.1 %

ZIM Integrated Shipping Services stock traded down $1.13 during trading on Tuesday, reaching $21.10. 9,617,332 shares of the company were exchanged, compared to its average volume of 6,199,107. The stock’s 50 day simple moving average is $22.85 and its two-hundred day simple moving average is $20.60. The company has a market capitalization of $2.54 billion, a P/E ratio of 1.77, a PEG ratio of 0.05 and a beta of 1.88. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.33 and a quick ratio of 1.26. ZIM Integrated Shipping Services Ltd. has a 52-week low of $6.39 and a 52-week high of $30.15.

ZIM Integrated Shipping Services Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 9th. Shareholders of record on Monday, December 2nd will be issued a $2.81 dividend. This represents a $11.24 annualized dividend and a yield of 53.27%. This is a positive change from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.93. The ex-dividend date is Monday, December 2nd. ZIM Integrated Shipping Services’s payout ratio is presently 9.72%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ZIM. Fairman Group LLC acquired a new position in shares of ZIM Integrated Shipping Services in the 3rd quarter valued at $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in ZIM Integrated Shipping Services in the third quarter valued at about $31,000. Northwestern Mutual Wealth Management Co. boosted its stake in ZIM Integrated Shipping Services by 2,341.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,929 shares of the company’s stock worth $43,000 after buying an additional 1,850 shares during the period. Russell Investments Group Ltd. increased its position in shares of ZIM Integrated Shipping Services by 1,431.1% during the first quarter. Russell Investments Group Ltd. now owns 6,063 shares of the company’s stock valued at $61,000 after acquiring an additional 5,667 shares during the last quarter. Finally, American Capital Advisory LLC purchased a new stake in shares of ZIM Integrated Shipping Services in the 3rd quarter valued at approximately $69,000. 21.42% of the stock is currently owned by hedge funds and other institutional investors.

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.