ZIM Integrated Shipping Services (NYSE:ZIM) Shares Gap Down – Should You Sell?

Shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) gapped down before the market opened on Tuesday . The stock had previously closed at $21.45, but opened at $20.75. ZIM Integrated Shipping Services shares last traded at $20.76, with a volume of 893,642 shares.

Wall Street Analyst Weigh In

ZIM has been the topic of several recent research reports. Jefferies Financial Group decreased their price objective on ZIM Integrated Shipping Services from $28.00 to $22.00 and set a “hold” rating on the stock in a report on Tuesday, December 17th. Barclays upped their price objective on shares of ZIM Integrated Shipping Services from $13.90 to $16.50 and gave the stock an “underweight” rating in a research note on Monday, November 25th. Clarkson Capital upgraded ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 22nd. Finally, Fearnley Fonds cut shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 21st. Five research analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, ZIM Integrated Shipping Services currently has an average rating of “Hold” and an average target price of $15.14.

ZIM Integrated Shipping Services Stock Down 4.0 %

The firm has a market cap of $2.49 billion, a P/E ratio of 1.73, a price-to-earnings-growth ratio of 0.04 and a beta of 1.77. 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 firm’s 50 day moving average is $22.15 and its two-hundred day moving average is $20.79.

ZIM Integrated Shipping Services Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, December 2nd were paid a $2.81 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $11.24 dividend on an annualized basis and a yield of 54.40%. This is a positive change from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.93. 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 added to or reduced their stakes in ZIM. Fairman Group LLC acquired a new position in ZIM Integrated Shipping Services during the third quarter worth $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of ZIM Integrated Shipping Services during the 3rd quarter worth about $31,000. Northwestern Mutual Wealth Management Co. raised 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 buying an additional 1,850 shares during the period. American Capital Advisory LLC bought a new position in ZIM Integrated Shipping Services during the third quarter worth $69,000. Finally, Sunbelt Securities Inc. acquired a new stake in shares of ZIM Integrated Shipping Services during the 3rd quarter worth about $71,000. Institutional investors 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.