Zim Integrated Shipping Services Ltd (NYSE: ZIM): The Stock We Should Bet On For Economic Growth In The Months To Come

In today’s recent session, 1.61 million shares of the Zim Integrated Shipping Services Ltd (NYSE:ZIM) have been traded, and its beta is 1.73. Most recently the company’s share price was $20.23, and it changed around $0.58 or 2.95% from the last close, which brings the market valuation of the company to $2.43B. ZIM at last check was trading at a discount to its 52-week high of $23.82, offering almost -17.75% off that amount. The share price’s 52-week low was $6.39, which indicates that the recent value has risen by an impressive 68.41% since then. We note from Zim Integrated Shipping Services Ltd’s average daily trading volume that its 3-month average coming to 5.33 million.

Zim Integrated Shipping Services Ltd stock received a consensus recommendation rating of Underweight, based on a mean score of 3.71. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended ZIM as a Hold, whereas 0 deemed it a Buy, and 1 rated it as Underweight. Zim Integrated Shipping Services Ltd is expected to report earnings per share of 0.46 for the current quarter.

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Zim Integrated Shipping Services Ltd (NYSE:ZIM) trade information

Instantly ZIM has been showing a green trend so far today with a performance of 2.95% on intraday trading today. The performance over the last five days has remained in the green territory. The company’s shares are currently up 104.96% year-to-date, but still up 9.17% over the last five days. On the other hand, Zim Integrated Shipping Services Ltd (NYSE:ZIM) is 6.36% up in the 30-day period.

The consensus price target as assigned by Wall Street analysts is $15, which translates to bulls needing to decrease their stock price by -34.87% from its current value. Analyst projections state that ZIM is forecast to be at a low of $10 and a high of $20.

Zim Integrated Shipping Services Ltd (ZIM) estimates and forecasts

Zim Integrated Shipping Services Ltd share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 102.10 percent over the past six months and at a 167.65% annual growth rate that is well above the industry average of 6.00%. The year-over-year growth rate is expected to be 19.80%, up from the previous year.

Consensus estimates provided by 5 financial analysts predict the company will bring in an average of 1.62B in revenue for the current quarter. 5 analysts expect Zim Integrated Shipping Services Ltd to make 1.51B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 1.31B and 1.32B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 23.40%. Forecasts for the next quarter put sales growth at 13.80%.

ZIM Dividends

Zim Integrated Shipping Services Ltd’s next quarterly earnings report is expected to be released in July. The annual dividend yield of the stock is 1.14 percent and its annual dividend per share was 0.23. It is important to note, however, that the 1.14% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.