ZIM Integrated Shipping Services (NYSE:ZIM) Trading Down 3.8% – What’s Next?

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) shares fell 3.8% during mid-day trading on Monday . The stock traded as low as $20.05 and last traded at $20.17. 1,288,306 shares were traded during trading, a decline of 79% from the average session volume of 6,222,848 shares. The stock had previously closed at $20.96.

Analysts Set New Price Targets

A number of research firms have recently commented on ZIM. Barclays lifted their price target on shares of ZIM Integrated Shipping Services from $13.90 to $16.50 and gave the company an “underweight” rating in a research report on Monday, November 25th. JPMorgan Chase & Co. reissued 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. Clarkson Capital raised ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 22nd. Fearnley Fonds cut ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 21st. Finally, 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 report on Wednesday, August 28th. Five equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $15.74.

ZIM Integrated Shipping Services Stock Performance

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 company has a market cap of $2.41 billion, a price-to-earnings ratio of 1.68, a P/E/G ratio of 0.04 and a beta of 1.78. The stock has a 50 day moving average price of $22.67 and a two-hundred day moving average price of $20.74.

ZIM Integrated Shipping Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 9th. Shareholders of record on Monday, December 2nd will be paid a $2.81 dividend. This represents a $11.24 dividend on an annualized basis and a yield of 56.12%. This is a boost from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.93. The ex-dividend date of this dividend is Monday, December 2nd. ZIM Integrated Shipping Services’s payout ratio is presently 9.72%.

Hedge Funds Weigh In On ZIM Integrated Shipping Services

A number of large investors have recently bought and sold shares of ZIM. Fairman Group LLC bought a new position in shares of ZIM Integrated Shipping Services in the 3rd quarter valued at about $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in ZIM Integrated Shipping Services during the third quarter worth $31,000. Northwestern Mutual Wealth Management Co. lifted its stake in ZIM Integrated Shipping Services by 2,341.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,929 shares of the company’s stock valued at $43,000 after acquiring an additional 1,850 shares during the last quarter. American Capital Advisory LLC acquired a new position in shares of ZIM Integrated Shipping Services during the 3rd quarter worth about $69,000. Finally, Sunbelt Securities Inc. bought a new stake in shares of ZIM Integrated Shipping Services in the 3rd quarter valued at about $71,000. 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.