ZIM Integrated Shipping Services (NYSE:ZIM) Stock Price Up 10.1% – Should You Buy?

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) shares rose 10.1% on Monday . The company traded as high as $15.82 and last traded at $16.13. Approximately 2,833,158 shares were traded during trading, a decline of 50% from the average daily volume of 5,656,987 shares. The stock had previously closed at $14.65.

Wall Street Analyst Weigh In

ZIM has been the subject of a number of recent analyst reports. Jefferies Financial Group reaffirmed a “hold” rating and set a $18.00 price target on shares of ZIM Integrated Shipping Services in a report on Wednesday, March 12th. Barclays lowered their price target on shares of ZIM Integrated Shipping Services from $16.00 to $13.50 and set an “underweight” rating for the company in a report on Monday, March 17th. Finally, JPMorgan Chase & Co. lowered their price target on shares of ZIM Integrated Shipping Services from $10.00 to $9.50 and set an “underweight” rating for the company in a report on Friday, March 7th. Five equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $13.54.

ZIM Integrated Shipping Services Stock Up 7.4 %

The company has a current ratio of 1.33, a quick ratio of 1.26 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $1.89 billion, a P/E ratio of 1.32, a P/E/G ratio of 0.27 and a beta of 1.70. The stock’s 50 day simple moving average is $18.86 and its 200 day simple moving average is $20.61.

ZIM Integrated Shipping Services (NYSE:ZIM) last posted its quarterly earnings results on Wednesday, March 12th. The company reported $4.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.47 by $1.19. ZIM Integrated Shipping Services had a net margin of 19.26% and a return on equity of 48.63%. The company had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $1.99 billion. As a group, research analysts predict that ZIM Integrated Shipping Services Ltd. will post 16.75 EPS for the current fiscal year.

ZIM Integrated Shipping Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Monday, March 24th will be given a $3.17 dividend. This is an increase from ZIM Integrated Shipping Services’s previous quarterly dividend of $2.81. This represents a $12.68 dividend on an annualized basis and a dividend yield of 80.61%. The ex-dividend date is Monday, March 24th. ZIM Integrated Shipping Services’s dividend payout ratio (DPR) is presently 6.51%.

Institutional Trading of ZIM Integrated Shipping Services

A number of large investors have recently modified their holdings of the company. Employees Retirement System of Texas acquired a new stake in shares of ZIM Integrated Shipping Services in the 4th quarter worth about $45,000. Mackenzie Financial Corp acquired a new stake in shares of ZIM Integrated Shipping Services in the 4th quarter worth about $559,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of ZIM Integrated Shipping Services by 31.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 284,186 shares of the company’s stock worth $6,101,000 after acquiring an additional 68,708 shares during the period. Tidal Investments LLC increased its holdings in shares of ZIM Integrated Shipping Services by 19.0% in the 4th quarter. Tidal Investments LLC now owns 81,539 shares of the company’s stock worth $1,751,000 after acquiring an additional 13,009 shares during the period. Finally, Point72 Asset Management L.P. acquired a new stake in shares of ZIM Integrated Shipping Services in the 4th quarter worth about $14,324,000. Institutional investors and hedge funds own 21.42% of the company’s stock.

About ZIM Integrated Shipping Services

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.