During the last session, Zim Integrated Shipping Services Ltd (NYSE:ZIM)’s traded shares were 5.97 million, with the beta value of the company hitting 1.62. At the end of the trading day, the stock’s price was $17.06, reflecting an intraday gain of 3.27% or $0.54. The 52-week high for the ZIM share is $29.00, that puts it down -69.99 from that peak though still a striking 48.83% gain since the share price plummeted to a 52-week low of $8.73. The company’s market capitalization is $2.05B, and the average intraday trading volume over the past 10 days was 6.71 million shares, and the average trade volume was 6.43 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 3.88. 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 3.22.
Zim Integrated Shipping Services Ltd (NYSE:ZIM) trade information
Zim Integrated Shipping Services Ltd (ZIM) registered a 3.27% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 3.27% in intraday trading to $17.06, hitting a weekly high. The stock’s 5-day price performance is -2.57%, and it has moved by -7.18% in 30 days. Based on these gigs, the overall price performance for the year is 34.98%. The short interest in Zim Integrated Shipping Services Ltd (NYSE:ZIM) is 12.75 million shares and it means that shorts have 2.12 day(s) to cover.
The consensus price target of analysts on Wall Street is $13.9, which implies a decrease of -22.73% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $12.2 and $25 respectively. As a result, ZIM is trading at a discount of -46.54% off the target high and 28.49% 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 down -3.03% during the last six months, with a year-to-date growth rate more than the industry average at 430.37% against -10.80. In the rating firms’ projections, revenue will increase 60.38% 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 1.99B as predicted by 4 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to 1.7B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 1.21B and 1.56B respectively. In this case, analysts expect current quarter sales to grow by 65.49% and then jump by 8.56% in the coming quarter.
While earnings are projected to return 166.47% in 2025, the next five years will return 26.21% per annum.
ZIM Dividends
Zim Integrated Shipping Services Ltd is due to release its next quarterly earnings in February. 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 3.97, with the dividend yield indicating at 23.27 percent, continuing the trend of increasing dividends in recent years.
The next largest institutional holding, with 4.31 million shares, is of GREENVALE CAPITAL LLP’s that is approximately 3.5827% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $95.56 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 Nov 30, 2024 indicates that Avantis International Small Cap Value ETF owns about 1.59 shares. This amounts to just over 1.32 percent of the company’s overall shares, with a $27.08 million market value. The same data shows that the other fund manager holds slightly less at 615.02, or about 0.51% of the stock, which is worth about $10.49 million.
