In yesterday’s Wall Street session, ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) shares traded at $14.17, down -1.67% from the previous session.
As of this writing, 7 analysts cover ZIM Integrated Shipping Services Ltd. (NYSE:ZIM). The consensus rating among analysts is ‘Underweight’. As we calculate the median target price by taking the range between a high of $27.00 and a low of $13.00, we find $17.00. Given the previous closing price of $14.41, this indicates a potential upside of 17.97 percent. ZIM stock price is now -27.40% away from the 50-day moving average and -40.88% away from the 200-day moving average. The market capitalization of the company currently stands at $1.74B.
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There are 4 analysts who have given it a hold rating, whereas 0 have given it a buy rating. Brokers who have rated the stock have averaged $18.40 as their price target over the next twelve months.
A total of 21.93% 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 MACKENZIE FINANCIAL CORP during the first quarter worth $18,181,000. ABRDN PLC invested $6,080,000 in shares of ZIM during the first quarter. In the first quarter, BALYASNY ASSET MANAGEMENT L.P. acquired a new stake in ZIM Integrated Shipping Services Ltd. valued at approximately $6,030,000. TWINBEECH CAPITAL LP acquired a new stake in ZIM for approximately $2,659,000. TWO SIGMA INVESTMENTS, LP purchased a new stake in ZIM valued at around $2,375,000 in the second quarter. In total, there are 345 active investors with 38.80% ownership of the company’s stock.
Thursday morning saw ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) opened at $14.35. During the past 12 months, ZIM Integrated Shipping Services Ltd. has had a low of $12.95 and a high of $71.16. As of last week, the company has a debt-to-equity ratio of 0.74, a current ratio of 1.60, and a quick ratio of 1.50. The fifty day moving average price for ZIM is $19.32 and a two-hundred day moving average price translates $23.78 for the stock.
The latest earnings results from ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) was released for Mar, 2023. According to the Marine Shipping Company, earnings per share came in at -$0.5, missing analysts’ expectations of $0 by -0.5. This compares to $14.21 EPS in the same period last year. The net profit margin was 36.80% and return on equity was 87.20% for ZIM. The company reported revenue of $1.37 billion for the quarter, compared to $3.72 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -63.02 percent. For the current quarter, analysts expect ZIM to generate $1.39B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 04/03/2023. Investors who held shares on 03/24/2023 were paid a $6.40 dividend. On an annualized basis, this represents a $16.95 dividend and a 119.62% percent yield. There was an ex-dividend date of 04/04/2023 for this dividend. In terms of dividend payout ratio, ZIM is presently at 71.60%.
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, 2022, it operated a fleet of 150 vessels, which included 139 container vessels and 11 vehicle transport vessels, of which nine vessels were owned by it and 141 vessels are chartered-in; and network of 67 weekly lines. The company was incorporated in 1945 and is headquartered in Haifa, Israel.
