Stocks of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) traded higher last session on Wall Street, up 0.31% to $12.84.
According to the data, ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) has 7 analysts covering its stock. The consensus rating among analysts is ‘Underweight’. As we calculate the median target price by taking the range between a high of $17.70 and a low of $10.00, we find $14.00. Given the previous closing price of $12.80, this indicates a potential upside of 9.37 percent. ZIM stock price is now -14.13% away from the 50-day moving average and -36.29% away from the 200-day moving average. The market capitalization of the company currently stands at $1.56B.
A total of 4 analysts have issued a hold rating and 0 have given it a buy rating. Brokers who have rated the stock have averaged $14.10 as their price target over the next twelve months.
With the price target reduced from $27 to $20.80, JP Morgan Downgraded its rating from Overweight to Neutral for ZIM Integrated Shipping Services Ltd. (NYSE: ZIM).
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 $16,475,000. ABRDN PLC invested $5,510,000 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 $5,464,000. TWINBEECH CAPITAL LP acquired a new stake in ZIM for approximately $2,410,000. TWO SIGMA INVESTMENTS, LP purchased a new stake in ZIM valued at around $2,152,000 in the second quarter. In total, there are 345 active investors with 38.80% ownership of the company’s stock.
Wednesday’s opening bell rang with an opening price of $12.74 for ZIM Integrated Shipping Services Ltd. (NYSE: ZIM). During the past 12 months, ZIM Integrated Shipping Services Ltd. has had a low of $11.78 and a high of $53.59. As of last week, the company has a debt-to-equity ratio of 0.92, a current ratio of 1.20, and a quick ratio of 1.10. The fifty day moving average price for ZIM is $14.82 and a two-hundred day moving average price translates $20.06 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 27.90% and return on equity was 51.80% 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 $1.34B 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 132.01% 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 71.40%.
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.
