ZIM Integrated Shipping Services (NYSE:ZIM) Shares Gap Up – What’s Next?

Shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) gapped up prior to trading on Thursday . The stock had previously closed at $16.52, but opened at $16.99. ZIM Integrated Shipping Services shares last traded at $17.10, with a volume of 1,053,536 shares.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on ZIM shares. Barclays lowered their price objective on shares of ZIM Integrated Shipping Services from $16.50 to $16.00 and set an “underweight” rating on the stock in a research report on Friday, January 10th. Jefferies Financial Group lowered their price target on ZIM Integrated Shipping Services from $28.00 to $22.00 and set a “hold” rating on the stock in a research report on Tuesday, December 17th. Fearnley Fonds cut ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a report on Thursday, November 21st. Finally, Clarkson Capital raised ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a report on Friday, November 22nd. Five investment 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 stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $15.04.

ZIM Integrated Shipping Services Stock Down 1.0 %

The stock has a market capitalization of $2.03 billion, a P/E ratio of 1.41, a PEG ratio of 0.21 and a beta of 1.77. The stock has a 50 day moving average price of $20.44 and a 200-day moving average price of $20.45. 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 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. This is a boost from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.93. This represents a $11.24 dividend on an annualized basis and a yield of 66.55%. The ex-dividend date was Monday, December 2nd. ZIM Integrated Shipping Services’s payout ratio is 9.72%.

Institutional Trading of ZIM Integrated Shipping Services

Institutional investors have recently made changes to their positions in the stock. Van ECK Associates Corp grew its stake in shares of ZIM Integrated Shipping Services by 1.6% in the third quarter. Van ECK Associates Corp now owns 38,079 shares of the company’s stock worth $977,000 after purchasing an additional 591 shares during the last quarter. Janney Montgomery Scott LLC grew its position in shares of ZIM Integrated Shipping Services by 2.1% in the 3rd quarter. Janney Montgomery Scott LLC now owns 44,292 shares of the company’s stock worth $1,137,000 after buying an additional 915 shares during the last quarter. Fairman Group LLC purchased a new position in shares of ZIM Integrated Shipping Services during the third quarter valued at approximately $26,000. Olympiad Research LP raised its holdings in shares of ZIM Integrated Shipping Services by 12.9% during the third quarter. Olympiad Research LP now owns 10,588 shares of the company’s stock valued at $272,000 after acquiring an additional 1,212 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in ZIM Integrated Shipping Services in the third quarter worth $31,000. Hedge funds and other 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.