In the latest trading session, 1.3 million Zim Integrated Shipping Services Ltd (NYSE:ZIM) shares changed hands as the company’s beta touched 1.59. With the company’s most recent per share price at $22.57 changing hands around $0.43 or 1.94% at last look, the market valuation stands at $2.72B. ZIM’s current price is a discount, trading about -28.49% off its 52-week high of $29.00. The share price had its 52-week low at $8.73, which suggests the last value was 61.32% up since then.
Analysts gave the Zim Integrated Shipping Services Ltd (ZIM) stock a consensus recommendation rating of Buy, calculated at a mean rating of 4.00. If we narrow down to specifics, the data shows that 2 out of 4 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended ZIM as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight. Zim Integrated Shipping Services Ltd’s EPS for the current quarter is expected to be 3.49.
Zim Integrated Shipping Services Ltd (NYSE:ZIM) trade information
Instantly ZIM is in green as seen in intraday trades today. With action 10.15%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 5.12%, with the 5-day performance at 10.15% in the green. However, in the 30-day time frame, Zim Integrated Shipping Services Ltd (NYSE:ZIM) is 27.36% up.
The consensus price target for the stock as assigned by Wall Street analysts is 13.9, meaning bulls need a downside of -62.37% from its recent market value. According to analyst projections, ZIM’s forecast low is 13.9 with 13.9 as the target high. To hit the forecast high, the stock’s price needs a 38.41% surge from its current level, while the stock would need to tank 38.41% for it to hit the projected low.
Zim Integrated Shipping Services Ltd (ZIM) estimates and forecasts
Year-over-year growth is forecast to reach 58.93% up from the last financial year.
Consensus estimates given by 4 financial analysts project the company’s revenue in the current quarter to hit an average of 2.02B. 2 analysts are of the opinion that Zim Integrated Shipping Services Ltd’s revenue for the current quarter will be 1.87B. The company’s revenue for the corresponding quarters a year ago was 1.21B and 1.56B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 67.67%. The estimates for the next quarter sales put growth at 19.48%.
The 2025 estimates are for Zim Integrated Shipping Services Ltd earnings to increase by 168.71%, but the outlook for the next 5-year period is at 71.43% per year.
ZIM Dividends
Zim Integrated Shipping Services Ltd is expected to release its next quarterly earnings report in March. The 17.39% annual yield figure for the share gives it an annual dividend of 3.93. It is important to note, however, that the 17.39% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.
Zim Integrated Shipping Services Ltd (NYSE:ZIM)’s Major holders
GREENVALE CAPITAL LLP holds the second largest percentage of outstanding shares, with 3.5817% or 4.31 million shares worth $95.56 million as of 2024-06-30.
Among Mutual Funds, the top two as of Nov 30, 2024 were Avantis International Small Cap Value ETF and iShares Core MSCI EAFE ETF. With 1.58 shares estimated at $35.54 million under it, the former controlled 1.31% of total outstanding shares. On the other hand, iShares Core MSCI EAFE ETF held about 0.55% of the shares, roughly 657.29 shares worth around $14.81 million.
