Zim Integrated Shipping Services Ltd (NYSE:ZIM)’s traded shares stood at 1.02 million during the latest session, with the company’s beta value hitting 1.79. At the last check today, the stock’s price was $22.78, to imply an increase of 1.38% or $0.31 in intraday trading. The ZIM share’s 52-week high remains $26.20, putting it -15.01% down since that peak but still an impressive 71.95% since price per share fell to its 52-week low of $6.39. The company has a valuation of $2.74B, with an average of 5.43 million shares in intraday trading volume over the past 10 days and average of 5.69 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Zim Integrated Shipping Services Ltd (ZIM), translating to a mean rating of 4.00. Of 4 analyst(s) looking at the stock, 2 analyst(s) give ZIM a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 2 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 6.31.
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Zim Integrated Shipping Services Ltd (NYSE:ZIM) trade information
After registering a 1.38% upside in the latest session, Zim Integrated Shipping Services Ltd (ZIM) has traded red over the past five days. The 5-day price performance for the stock is 8.58%, and -3.18% over 30 days. With these gigs, the year-to-date price performance is 130.81%. Short interest in Zim Integrated Shipping Services Ltd (NYSE:ZIM) saw shorts transact 15.74 million shares and set a 2.86 days time to cover.
The extremes give us $12.2 and $25 for target low and target high price respectively. As such, ZIM has been trading -9.75% off suggested target high and 46.44% from its likely low.
Zim Integrated Shipping Services Ltd (ZIM) estimates and forecasts
Looking at statistics comparing Zim Integrated Shipping Services Ltd share performance against respective industry, we note that the company has outperformed competitors. Zim Integrated Shipping Services Ltd (ZIM) shares are 100.01% up over the last 6 months, with its year-to-date growth rate higher than industry average at 321.30% against -4.20%. Revenue is forecast to grow 462.60% this quarter before jumping 281.30% for the next one. The rating firms project that company’s revenue will grow 43.50% compared to the previous financial year.
Revenue forecast for the current quarter as set by 5 analysts is 2.35B. Meanwhile, for the current quarter, a total of 5 analyst(s) estimate revenue growth to 1.79B.Earnings reports from the last fiscal year show that sales brought in 1.32B and 1.21B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 77.60% before jumping 48.90% in the following quarter.
ZIM Dividends
Zim Integrated Shipping Services Ltd has its next earnings report out on 2024-Nov-11. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Zim Integrated Shipping Services Ltd has a forward dividend ratio of 1.16, with the share yield ticking at 5.09% to continue the rising pattern observed over the past year.
Zim Integrated Shipping Services Ltd (NYSE:ZIM)’s Major holders
The next major institution holding the largest number of shares is GREENVALE CAPITAL LLP with 4.31 million shares, or about 3.5827% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $95.56 million.
We also have Avantis International Small Cap Value ETF and iShares Core MSCI EAFE ETF as the top two Mutual Funds with the largest holdings of the Zim Integrated Shipping Services Ltd (ZIM) shares. Going by data provided on Sep 30, 2024, Avantis International Small Cap Value ETF holds roughly 1.63 shares. This is just over 1.36% of the total shares, with a market valuation of $36.85 million. Data from the same date shows that the other fund manager holds a little less at 608.76, or 0.51% of the shares, all valued at about 13.74 million.
