ZIM Integrated Shipping Services (NYSE:ZIM) Trading Up 5.9% – Should You Buy?

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)’s stock price was up 5.9% during trading on Monday . The company traded as high as $19.50 and last traded at $19.37. Approximately 1,263,337 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 6,204,195 shares. The stock had previously closed at $18.29.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Clarkson Capital upgraded ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 22nd. Fearnley Fonds lowered shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a report on Thursday, November 21st. Barclays boosted their target price on shares of ZIM Integrated Shipping Services from $13.90 to $16.50 and gave the company an “underweight” rating in a report on Monday, November 25th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $10.50 price target on shares of ZIM Integrated Shipping Services in a research note on Tuesday, September 10th. Finally, Bank of America boosted their price objective on shares of ZIM Integrated Shipping Services from $12.20 to $13.70 and gave the company an “underperform” rating in a research note on Wednesday, August 28th. Five research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $15.14.

ZIM Integrated Shipping Services Price Performance

The stock has a market cap of $2.41 billion, a PE ratio of 1.68, a price-to-earnings-growth ratio of 0.04 and a beta of 1.78. The company has a quick ratio of 1.26, a current ratio of 1.33 and a debt-to-equity ratio of 1.11. The company’s fifty day moving average is $22.34 and its 200 day moving average is $20.58.

ZIM Integrated Shipping Services Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, December 2nd were paid a $2.81 dividend. This represents a $11.24 dividend on an annualized basis and a dividend yield of 56.14%. The ex-dividend date was Monday, December 2nd. This is an increase from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.93. ZIM Integrated Shipping Services’s dividend payout ratio (DPR) is currently 9.72%.

Institutional Trading of ZIM Integrated Shipping Services

Several large investors have recently added to or reduced their stakes in the stock. Fairman Group LLC purchased a new stake in shares of ZIM Integrated Shipping Services in the third quarter worth about $26,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in ZIM Integrated Shipping Services in the 3rd quarter worth approximately $31,000. Northwestern Mutual Wealth Management Co. boosted its holdings in ZIM Integrated Shipping Services by 2,341.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,929 shares of the company’s stock worth $43,000 after acquiring an additional 1,850 shares during the period. American Capital Advisory LLC acquired a new stake in ZIM Integrated Shipping Services in the third quarter valued at approximately $69,000. Finally, Sunbelt Securities Inc. purchased a new stake in shares of ZIM Integrated Shipping Services during the third quarter valued at approximately $71,000. 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.