ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Get Free Report) reached a new 52-week high on Thursday . The company traded as high as $27.14 and last traded at $26.61, with a volume of 1556668 shares traded. The stock had previously closed at $25.01.
Several analysts recently issued reports on the company. Bank of America lifted their target price on ZIM Integrated Shipping Services from $12.20 to $13.70 and gave the company an "underperform" rating in a research note on Wednesday, August 28th. Barclays lifted their price objective on shares of ZIM Integrated Shipping Services from $12.30 to $13.90 and gave the company an "underweight" rating in a research report on Wednesday, October 23rd. Jefferies Financial Group lowered shares of ZIM Integrated Shipping Services from a "buy" rating to a "hold" rating and set a $25.00 target price for the company. in a research report on Wednesday, October 2nd. Finally, JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $10.50 price target on shares of ZIM Integrated Shipping Services in a report on Tuesday, September 10th. Four equities research analysts have rated the stock with a sell rating and one has issued a hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Reduce" and an average target price of $15.22.
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The business has a 50-day moving average price of $21.60 and a 200 day moving average price of $19.91. The company has a current ratio of 1.04, a quick ratio of 0.97 and a debt-to-equity ratio of 1.41. The stock has a market capitalization of $3.28 billion, a P/E ratio of -1.64, a P/E/G ratio of 0.04 and a beta of 1.88.
ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last issued its quarterly earnings data on Monday, August 19th. The company reported $3.08 EPS for the quarter, topping analysts' consensus estimates of $2.07 by $1.01. The business had revenue of $1.93 billion during the quarter, compared to analysts' expectations of $1.71 billion. ZIM Integrated Shipping Services had a negative net margin of 32.81% and a positive return on equity of 2.89%. During the same period last year, the company posted ($1.37) EPS. On average, equities analysts expect that ZIM Integrated Shipping Services Ltd. will post 12.11 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Thursday, August 29th were issued a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a yield of 13.67%. This is an increase from ZIM Integrated Shipping Services's previous quarterly dividend of $0.23. The ex-dividend date was Thursday, August 29th. ZIM Integrated Shipping Services's dividend payout ratio is presently -1.41%.
Several hedge funds have recently bought and sold shares of the business. Renaissance Technologies LLC increased its position in ZIM Integrated Shipping Services by 479.9% during the 2nd quarter. Renaissance Technologies LLC now owns 2,635,500 shares of the company's stock valued at $58,429,000 after purchasing an additional 2,181,000 shares during the period. Marshall Wace LLP grew its stake in ZIM Integrated Shipping Services by 638.6% in the second quarter. Marshall Wace LLP now owns 2,397,311 shares of the company's stock valued at $53,148,000 after purchasing an additional 2,072,715 shares during the last quarter. Encompass Capital Advisors LLC bought a new position in ZIM Integrated Shipping Services in the second quarter worth about $14,383,000. International Assets Investment Management LLC lifted its position in shares of ZIM Integrated Shipping Services by 2,228.7% during the third quarter. International Assets Investment Management LLC now owns 402,862 shares of the company's stock valued at $10,337,000 after buying an additional 385,562 shares during the last quarter. Finally, Quantbot Technologies LP grew its position in shares of ZIM Integrated Shipping Services by 9,573.0% in the 3rd quarter. Quantbot Technologies LP now owns 370,477 shares of the company's stock worth $9,506,000 after buying an additional 366,647 shares during the last quarter. Institutional investors own 21.42% of the company's stock.
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.
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