ZIM Integrated Shipping Services (NYSE:ZIM) Receives “Hold” Rating from Jefferies Financial Group

Jefferies Financial Group reissued their hold rating on shares of ZIM Integrated Shipping Services (NYSE:ZIM) in a research report released on Wednesday,Benzinga reports. Jefferies Financial Group currently has a $25.00 price target on the stock.

Several other research firms also recently weighed in on ZIM. Barclays raised their price objective on ZIM Integrated Shipping Services from $12.30 to $13.90 and gave the company an “underweight” rating in a report on Wednesday, October 23rd. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $10.50 target price on shares of ZIM Integrated Shipping Services in a research report on Tuesday, September 10th. Finally, Bank of America increased their price target on ZIM Integrated Shipping Services from $12.20 to $13.70 and gave the stock an “underperform” rating in a report on Wednesday, August 28th. Five equities research analysts have rated the stock with a sell rating and one has issued a hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $15.22.

ZIM Integrated Shipping Services Trading Down 1.9 %

NYSE ZIM opened at $23.78 on Wednesday. The company has a quick ratio of 0.97, a current ratio of 1.33 and a debt-to-equity ratio of 1.11. ZIM Integrated Shipping Services has a twelve month low of $6.39 and a twelve month high of $30.15. The company has a market cap of $2.86 billion, a price-to-earnings ratio of 1.99, a price-to-earnings-growth ratio of 0.04 and a beta of 1.88. The business’s fifty day moving average is $22.78 and its 200 day moving average is $20.52.

ZIM Integrated Shipping Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 9th. Investors of record on Monday, December 2nd will be paid a dividend of $2.81 per share. The ex-dividend date is Monday, December 2nd. This represents a $11.24 annualized dividend and a yield of 47.27%. This is a positive change from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.93. ZIM Integrated Shipping Services’s payout ratio is presently 9.72%.

Institutional Investors Weigh In On ZIM Integrated Shipping Services

Several hedge funds have recently bought and sold shares of the business. Van ECK Associates Corp raised its holdings in ZIM Integrated Shipping Services by 1.6% in the third quarter. Van ECK Associates Corp now owns 38,079 shares of the company’s stock worth $977,000 after buying an additional 591 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of ZIM Integrated Shipping Services by 2.1% during the third quarter. Janney Montgomery Scott LLC now owns 44,292 shares of the company’s stock valued at $1,137,000 after purchasing an additional 915 shares during the last quarter. Fairman Group LLC purchased a new position in shares of ZIM Integrated Shipping Services during the third quarter valued at approximately $26,000. Olympiad Research LP raised its holdings in shares of ZIM Integrated Shipping Services by 12.9% during the third quarter. Olympiad Research LP now owns 10,588 shares of the company’s stock valued at $272,000 after purchasing an additional 1,212 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of ZIM Integrated Shipping Services during the third quarter valued at approximately $31,000. 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.