ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) shares traded -3.09% lower at $24.78 on Wall Street last session.
In accordance with the data, 7 analysts cover ZIM Integrated Shipping Services Ltd. (NYSE:ZIM). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $30.00 and a low of $12.00, we find $24.30. Given the previous closing price of $25.57, this indicates a potential downside of -4.97 percent. ZIM stock price is now -3.23% away from the 50-day moving average and -50.77% away from the 200-day moving average. The market capitalization of the company currently stands at $3.07B.
It has been rated a hold by 5 analysts and a buy by 0. Brokers who have rated the stock have averaged $23.26 as their price target over the next twelve months.
On July 21, 2022, Jefferies recently initiated its ‘Hold’ rating on the stock quoting a target price of $55, while ‘BofA Securities’ rates the stock as ‘Underperform’.
A total of 33.04% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ZIM stock. A new stake in ZIM Integrated Shipping Services Ltd. shares was purchased by NUVEEN ASSET MANAGEMENT, LLC during the first quarter worth $4,937,000. CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM invested $4,147,000 in shares of ZIM during the first quarter. In the first quarter, SCHONFELD STRATEGIC ADVISORS LLC acquired a new stake in ZIM Integrated Shipping Services Ltd. valued at approximately $3,814,000. CLEAR HARBOR ASSET MANAGEMENT, LLC acquired a new stake in ZIM for approximately $2,670,000. JEFFERIES GROUP LLC purchased a new stake in ZIM valued at around $2,478,000 in the second quarter. In total, there are 393 active investors with 38.60% ownership of the company’s stock.
ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) opened at $25.70 on Friday. During the past 12 months, ZIM Integrated Shipping Services Ltd. has had a low of $22.33 and a high of $91.23. As of last week, the company has a debt-to-equity ratio of 0.81, a current ratio of 1.60, and a quick ratio of 1.50. The fifty day moving average price for ZIM is $25.46 and a two-hundred day moving average price translates $50.12 for the stock.
The latest earnings results from ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) was released for Jun, 2022. According to the Marine Shipping Company, earnings per share came in at $11.07, missing analysts’ expectations of $12.84 by -1.77. This compares to $12.17 EPS in the same period last year. The net profit margin was 42.70% and return on equity was 118.80% for ZIM. The company reported revenue of $3.23 billion for the quarter, compared to $3.14 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.92 percent. For the current quarter, analysts expect ZIM to generate $3.18B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 09/08/2022. Investors who held shares on 08/29/2022 were paid a $4.75 dividend. On an annualized basis, this represents a $27.10 dividend and a 109.36% percent yield. There was an ex-dividend date of 08/26/2022 for this dividend. In terms of dividend payout ratio, ZIM is presently at 54.90%.
ZIM Integrated Shipping Services Ltd.(ZIM) 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. The company also offers ZIMonitor, a premium reefer cargo tracking service. As of December 31, 2021, it operated a fleet of 118 vessels, which included 110 container vessels and 8 vehicle transport vessels, of which four vessels were owned by it and 114 vessels are chartered-in; and network of 70 weekly lines. The company was incorporated in 1945 and is headquartered in Haifa, Israel.