ZIM Integrated Shipping Services (NYSE:ZIM) Trading 6.1% Higher – What’s Next?

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) shot up 6.1% on Monday . The company traded as high as $17.92 and last traded at $17.90. 1,781,492 shares were traded during mid-day trading, a decline of 69% from the average session volume of 5,793,949 shares. The stock had previously closed at $16.87.

Analyst Upgrades and Downgrades

Several analysts have recently commented on ZIM shares. Fearnley Fonds cut shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 21st. Barclays decreased their price objective on ZIM Integrated Shipping Services from $16.50 to $16.00 and set an “underweight” rating on the stock in a research report on Friday, January 10th. Jefferies Financial Group reduced their price objective on shares of ZIM Integrated Shipping Services from $28.00 to $22.00 and set a “hold” rating on the stock in a research note on Tuesday, December 17th. Finally, Clarkson Capital upgraded ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 22nd. Five investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $15.04.

ZIM Integrated Shipping Services Price Performance

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 business has a 50-day simple moving average of $20.44 and a 200 day simple moving average of $20.46. The stock has a market cap of $2.13 billion, a P/E ratio of 1.48, a price-to-earnings-growth ratio of 0.21 and a beta of 1.77.

ZIM Integrated Shipping Services Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, December 2nd were paid a dividend of $2.81 per share. This is an increase from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.93. This represents a $11.24 dividend on an annualized basis and a yield of 63.48%. The ex-dividend date was Monday, December 2nd. ZIM Integrated Shipping Services’s dividend payout ratio is 9.72%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. JPMorgan Chase & Co. increased its position in ZIM Integrated Shipping Services by 59.4% in the third quarter. JPMorgan Chase & Co. now owns 1,811,447 shares of the company’s stock worth $46,482,000 after buying an additional 674,723 shares during the last quarter. International Assets Investment Management LLC boosted its stake in 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 period. Y Intercept Hong Kong Ltd purchased a new position in shares of ZIM Integrated Shipping Services during the third quarter worth about $2,612,000. Blueshift Asset Management LLC purchased a new stake in shares of ZIM Integrated Shipping Services during the 3rd quarter valued at $620,000. Finally, Quantbot Technologies LP boosted its holdings 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 purchasing an additional 366,647 shares in the last quarter. Institutional investors own 21.42% of the company’s stock.

ZIM Integrated Shipping Services 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.