Zim Integrated Shipping Services Ltd (NYSE:ZIM) has a beta value of 1.73 and has seen 2.29 million shares traded in the recent trading session. The company, currently valued at $2.61B, closed the recent trade at $21.70 per share which meant it lost -$0.53 on the day or -2.39% during that session. The ZIM stock price is -38.94% off its 52-week high price of $30.15 and 70.55% above the 52-week low of $6.39. If we look at the company’s 10-day average daily trading volume, we find that it stood at 9.71 million shares traded. The 3-month trading volume is 6.27 million shares.
The consensus among analysts is that Zim Integrated Shipping Services Ltd (ZIM) is Buy stock at the moment, with a recommendation rating of 3.88. 2 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 4 have rated it as a Hold, with 2 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 3.19.
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Zim Integrated Shipping Services Ltd (NYSE:ZIM) trade information
Sporting -2.39% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the ZIM stock price touched $21.70 or saw a rise of 28.03%. Year-to-date, Zim Integrated Shipping Services Ltd shares have moved 119.85%, while the 5-day performance has seen it change -18.97%. Over the past 30 days, the shares of Zim Integrated Shipping Services Ltd (NYSE:ZIM) have changed -4.58%. Short interest in the company has seen 12.75 million shares shorted with days to cover at 2.12.
Wall Street analysts have a consensus price target for the stock at $13.9, which means that the shares’ value could drop -56.12% from the levels at last check today. The projected low price target is $12.2 while the price target rests at a high of $25.0. In that case, then, we find that the latest price level in today’s session is -15.21% off the targeted high while a plunge would see the stock lose 43.78% from the levels at last check today.
Zim Integrated Shipping Services Ltd (ZIM) estimates and forecasts
Figures show that Zim Integrated Shipping Services Ltd shares have outperformed across the wider relevant industry. The company’s shares have gained 2.11% over the past 6 months, with this year growth rate of 429.59%, compared to -9.00% for the industry. Revenue growth from the last financial year stood is estimated to be 59.80%.
4 analysts offering their estimates for the company have set an average revenue estimate of 1.99B for the current quarter. 2 have an estimated revenue figure of 1.7B for the next ending quarter. Year-ago sales stood 1.21B and 1.56B respectively for this quarter and the next, and analysts expect sales will grow by 65.26% for the current quarter and 59.80% for the next.
Earnings growth for 2024 is a modest 161.62% while over the next 5 years, the company’s earnings are expected to increase by 28.41%.
ZIM Dividends
Zim Integrated Shipping Services Ltd is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 1.16 at a share yield of 5.35%. The company’s dividend yield has gone up over the past 12 months.
Zim Integrated Shipping Services Ltd (NYSE:ZIM)’s Major holders
The top two institutional holders are D. E. SHAW & CO., INC. with over 4.85 million shares worth more than $107.43 million. As of 2024-06-30, D. E. SHAW & CO., INC. held 4.0279% of shares outstanding.
The other major institutional holder is GREENVALE CAPITAL LLP, with the holding of over 4.31 million shares as of 2024-06-30. The firm’s total holdings are worth over $95.56 million and represent 3.5827% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Avantis International Small Cap Value ETF and iShares Core MSCI EAFE ETF. As of Sep 30, 2024, the former fund manager holds about 1.36% shares in the company for having 1.63 shares of worth $35.17 million while later fund manager owns 608.76 shares of worth $13.11 million as of Sep 30, 2024, which makes it owner of about 0.51% of company’s outstanding stock.
