ZIM Integrated Shipping Services (NYSE:ZIM) Shares Gap Down – What’s Next?

Shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) gapped down before the market opened on Monday . The stock had previously closed at $19.88, but opened at $19.40. ZIM Integrated Shipping Services shares last traded at $19.29, with a volume of 823,564 shares traded.

Analyst Ratings Changes

A number of brokerages have issued reports on ZIM. Fearnley Fonds lowered shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 21st. Bank of America increased their price target on shares of ZIM Integrated Shipping Services from $12.20 to $13.70 and gave the company an “underperform” rating in a research report on Wednesday, August 28th. Barclays lifted their price objective on ZIM Integrated Shipping Services from $13.90 to $16.50 and gave the company an “underweight” rating in a research report on Monday, November 25th. Clarkson Capital raised ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 22nd. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $10.50 target price on shares of ZIM Integrated Shipping Services in a research note on Tuesday, September 10th. Five equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $15.14.

ZIM Integrated Shipping Services Stock Down 5.7 %

The company has a debt-to-equity ratio of 1.11, a current ratio of 1.33 and a quick ratio of 1.26. The business has a fifty day moving average of $22.38 and a 200 day moving average of $20.66. The stock has a market cap of $2.22 billion, a price-to-earnings ratio of 1.54, a P/E/G ratio of 0.04 and a beta of 1.78.

ZIM Integrated Shipping Services Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, December 2nd were issued a dividend of $2.81 per share. The ex-dividend date was Monday, December 2nd. This is a boost from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.93. This represents a $11.24 dividend on an annualized basis and a dividend yield of 61.07%. ZIM Integrated Shipping Services’s dividend payout ratio (DPR) is presently 9.72%.

Institutional Trading of ZIM Integrated Shipping Services

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its stake in ZIM Integrated Shipping Services by 2,228.7% in 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 in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of ZIM Integrated Shipping Services during the 3rd quarter worth about $2,612,000. Blueshift Asset Management LLC bought a new stake in ZIM Integrated Shipping Services in the 3rd quarter valued at $620,000. Quantbot Technologies LP grew its position in shares of ZIM Integrated Shipping Services by 9,573.0% during 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. Finally, Susquehanna Fundamental Investments LLC acquired a new position in ZIM Integrated Shipping Services in the second quarter valued at about $2,343,000. 21.42% of the stock is owned by institutional investors.

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.