According to Bloomberg Ratings, the eight investment firms currently covering ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) have given the stock an average rating of “Hold” among their recommendations for the company’s stock. Although six financial analysts have suggested that you maintain the stock in your portfolio, one of them has suggested you sell it. Most investment companies that have updated their stock coverage within the past year have predicted that the share price will reach $34.16 within the next year. The investment firms made this estimate within the past year.
The results of research conducted by various companies have been presented regarding ZIM. In a research note by Barclays on November 18th, the brokerage firm stated that they had decreased their target price for ZIM Integrated Shipping Services shares from $63.00 to $26.50. This price reduction came from the firm’s expectation that the recent market volatility would negatively impact the company’s earnings. In addition to that, they provided the company with a rating of “equal weight.” In a research note published on December 13th, Jefferies Financial Group categorized ZIM Integrated Shipping Services shares as a “hold” investment. It lowered its price objective on ZIM Integrated Shipping Services shares from $27.00 to $21.00. This was done as part of a reduction in the price target for ZIM Integrated Shipping Services shares. The Street lowered its recommendation on shares of ZIM Integrated Shipping Services from a “c-” rating to a “d+” rating in a research report that was published on Thursday, September 22nd. The report was about ZIM Integrated Shipping Services.
When trading began, ZIM shares were listed for sale on Thursday for $18.06 per share. The company’s moving average price for its products and services over the past 50 days is $19.95; over the past 200 days, that price has increased to $30.49. The lowest price that ZIM Integrated Shipping Services has reached in the past 52 weeks is $16.23, while the company’s all-time high price is $91.23. The company’s market capitalization is estimated to be $2.17 billion, its price-to-earnings ratio is 0.37, and its beta value is 2.37. A debt-to-equity ratio comes in at 0.54, a quick ratio comes in at 1.50, a current ratio comes in at 1.58, and a quick ratio comes in at 1.50.
On November 16th, the results of ZIM Integrated Shipping Services’ most recent quarterly financial report were made public. ZIM is traded on the NYSE under the symbol ZIM. The company reported $9.66 per share for the quarter, which is $0.20 more than the estimate that market experts had come up with, which was $9.46 per share. ZIM Integrated Shipping Services had a return on equity of 118.65 percent, and the net margin for the company was 42.71%. The company announced that its sales for the quarter came in at $3.23 billion, which is significantly higher than the average prediction of $3.01 billion in sales for the quarter. Analysts specializing in market research have predicted that ZIM Integrated Shipping Services will profit 37.1 cents per share during the current fiscal year.
A quarterly dividend was just recently declared and distributed by the company, and it was distributed on December 7th. In addition, the company just recently announced and distributed a dividend. On Tuesday, November 29th, dividend payments to shareholders of $2.95 per share were mailed out to those whose information was recorded in the company’s books. Consequently, the dividend yield comes to 65.34 percent, and the annual dividend payment comes to 11.80 dollars. In addition, the organization has just recently announced and paid out a quarterly dividend, which was done so on December 7th of this year. On Tuesday, November 29th, dividend payments to shareholders of $2.95 per share were mailed out to those whose information was recorded in the company’s books.
Consequently, the dividend yield comes to 65.34 percent, and the annual dividend payment comes to 11.80 dollars. On Monday, November 28th, the dividend was distributed to shareholders enrolled in the company. The dividend payout ratio for ZIM Integrated Shipping Services is 24.04%.
During recent years, significant shareholders in the company have been active in taking action to bring about change. ZIM Integrated Shipping Services received an investment from Northwestern Mutual Wealth Management Co. for $28,000 during the second quarter. Exchange Traded Concepts LLC increased its ownership in ZIM Integrated Shipping Services from 92.6% to 100% during the third quarter due to an acquisition of 92.6% of the company’s shares. Since the end of the previous quarter, Exchange Traded Concepts LLC has increased its shareholdings by 676, bringing the total number of shares it holds to 1,406; the value of these shares at the moment is $33,000. An investment of $35,000 was made in ZIM Integrated Shipping Services during the third quarter of 2018 by FNY Investment Advisers LLC. The amount of money that Founders Capital Management had invested in ZIM Integrated Shipping Services increased by 525.0% during the period known as the fourth quarter. Founders Capital Management now has 2,500 shares, valued at $43,000, after purchasing an additional 2,100 shares during the most recent quarter. Founders Capital Management purchased these shares. Last but certainly not least, Private Trust Co. NA invested $56,000 in ZIM Integrated Shipping Services during the second quarter. The company’s shares are held in institutional ownership for 36.74% of the company.
Container shipping and other associated services are offered both domestically and internationally by ZIM Integrated Shipping Services Ltd. and the other companies that fall under its umbrella. Both door-to-door and port-to-port shipping are services that can be provided to end customers, consolidators, and freight forwarders.