During the recent session, Zim Integrated Shipping Services Ltd (NYSE:ZIM)’s traded shares were 0.64 million, with the beta value of the company hitting 1.76. At the last check today, the stock’s price was $18.54, reflecting an intraday loss of -1.49% or -$0.28. The 52-week high for the ZIM share is $23.82, that puts it down -28.48 from that peak though still a striking 65.53% gain since the share price plummeted to a 52-week low of $6.39. The company’s market capitalization is $2.23B, and the average intraday trading volume over the past 10 days was 3.77 million shares, and the average trade volume was 5.77 million shares over the past three months.
Zim Integrated Shipping Services Ltd (ZIM) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 3.14. ZIM has a Sell rating from 2 analyst(s) out of 4 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 1.79.
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Zim Integrated Shipping Services Ltd (NYSE:ZIM) trade information
Zim Integrated Shipping Services Ltd (ZIM) registered a -1.49% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -1.49% in intraday trading to $18.54, hitting a weekly high. The stock’s 5-day price performance is -2.37%, and it has moved by 3.75% in 30 days. Based on these gigs, the overall price performance for the year is 30.93%. The short interest in Zim Integrated Shipping Services Ltd (NYSE:ZIM) is 10.97 million shares and it means that shorts have 2.27 day(s) to cover.
The consensus price target of analysts on Wall Street is $12.5, which implies a decrease of -48.32% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $12.2 and $20 respectively. As a result, ZIM is trading at a discount of -7.87% off the target high and 34.2% off the low.
Zim Integrated Shipping Services Ltd (ZIM) estimates and forecasts
Statistics show that Zim Integrated Shipping Services Ltd has outperformed its competitors in share price, compared to the industry in which it operates. Zim Integrated Shipping Services Ltd (ZIM) shares have gone up 51.84% during the last six months, with a year-to-date growth rate more than the industry average at 223.47% against 2.80. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 200.00% this quarter and then jump 298.30% in the quarter after that. In the rating firms’ projections, revenue will increase 34.70% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 1.8B as predicted by 5 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to 2.05B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 1.31B and 1.32B respectively. In this case, analysts expect current quarter sales to grow by 37.40% and then jump by 55.10% in the coming quarter.
While earnings are projected to return 129.07% in 2024.
ZIM Dividends
Zim Integrated Shipping Services Ltd is due to release its next quarterly earnings 2024-Aug-19. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Zim Integrated Shipping Services Ltd is 0.23, with the dividend yield indicating at 1.24 percent, continuing the trend of increasing dividends in recent years.
Zim Integrated Shipping Services Ltd (NYSE:ZIM)’s Major holders
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The next largest institutional holding, with 3.85 million shares, is of SUSQUEHANNA INTERNATIONAL GROUP, LLP’s that is approximately 3.2013% of outstanding shares. At the market price on 2024-03-31, these shares were valued at $38.96 million.
Also, the Mutual Funds coming in first place with the largest holdings of Zim Integrated Shipping Services Ltd (ZIM) shares are Avantis International Small Cap Value ETF and iShares Core MSCI EAFE ETF. Data provided on Jun 30, 2024 indicates that Avantis International Small Cap Value ETF owns about 1.49 shares. This amounts to just over 1.24 percent of the company’s overall shares, with a $27.44 million market value. The same data shows that the other fund manager holds slightly less at 600.4, or about 0.50% of the stock, which is worth about $11.07 million.
