The stock of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) last traded at $12.06, down -10.27% from the previous session.
Data from the available sources indicates that ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) is covered by 8 analysts. 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 $13.75. Given the previous closing price of $13.44, this indicates a potential upside of 2.31 percent. ZIM stock price is now -10.74% away from the 50-day moving average and -34.62% away from the 200-day moving average. The market capitalization of the company currently stands at $1.44B.
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In total, 5 analysts have assigned it a hold rating, and 0 have given it a buy rating. Brokers who have rated the stock have averaged $13.78 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 GROUP ONE TRADING, L.P. during the first quarter worth $3,398,000. SCULPTOR CAPITAL LP invested $3,161,000 in shares of ZIM during the first quarter. In the first quarter, SEVEN EIGHT CAPITAL, LP acquired a new stake in ZIM Integrated Shipping Services Ltd. valued at approximately $1,628,000. WOLVERINE TRADING, LLC acquired a new stake in ZIM for approximately $1,323,000. JEFFERIES GROUP LLC purchased a new stake in ZIM valued at around $1,206,000 in the second quarter. In total, there are 317 active investors with 38.80% ownership of the company’s stock.
With an opening price of $12.59 on Wednesday morning, ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) set off the trading day. During the past 12 months, ZIM Integrated Shipping Services Ltd. has had a low of $11.78 and a high of $52.10. 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 $13.48 and a two-hundred day moving average price translates $18.39 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 $1.35B 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 140.55% 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.
