What is the stock price forecast for ZIM in 2024?
ZIM Stock Price Forecast 2024-2025
According to our current ZIM stock forecast, the value of ZIM Integrated Shipping Services Ltd. shares will rise by 4.58% and reach $ 12.60 per share by February 20, 2024.
Based on 4 Wall Street analysts offering 12 month price targets for ZIM Integrated Shipping Services in the last 3 months. The average price target is $11.33 with a high forecast of $20.00 and a low forecast of $5.00. The average price target represents a -10.15% change from the last price of $12.61.
The forward dividend yield for ZIM as of Feb. 22, 2024 is 51.88%. Dividend history for stock ZIM (ZIM Integrated Shipping Services Ltd.)
| Year | ZIM Laboratories Target | YoY Change % |
|---|---|---|
| 2025 | ₹124.20 | 8.96% |
| 2026 | ₹117.82 | -5.14% |
| 2027 | ₹114.78 | -2.59% |
| 2028 | ₹115.53 | 0.65% |
Stock Price Forecast
The 4 analysts with 12-month price forecasts for ZIM stock have an average target of 10.43, with a low estimate of 5.00 and a high estimate of 20. The average target predicts a decrease of -20.92% from the current stock price of 13.19.
Based on analysts offering 12 month price targets for ZIM in the last 3 months. The average price target is $11.33 with a high estimate of $20 and a low estimate of $5.
Over the past month, the Zacks Consensus EPS estimate has moved 210.38% higher. Right now, ZIM Integrated Shipping Services possesses a Zacks Rank of #2 (Buy). In terms of valuation, ZIM Integrated Shipping Services is currently trading at a Forward P/E ratio of 5.67.
According to 4 Wall Street analysts that have issued a 1 year ZIM price target, the average ZIM price target is $10.43, with the highest ZIM stock price forecast at $20.00 and the lowest ZIM stock price forecast at $5.00.
The ZIM Shipping stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock.
What is the next dividend date for ZIM?
| Status | Type | Pay date |
|---|---|---|
| Paid | Quarterly | 03 Apr 2023 |
| Paid | Quarterly | 07 Dec 2022 |
| Paid | Quarterly | 08 Sep 2022 |
| Paid | Quarterly | 08 Jun 2022 |
| Ex-Date | Amount | Frequency |
|---|---|---|
| Apr 04, 2023 | $6.40 | Quarterly |
| Nov 28, 2022 | $2.95 | Semi Annually |
| Aug 26, 2022 | $4.75 | Semi Annually |
| May 27, 2022 | $2.85 | Semi Annually |
| Ex/EFF Date | Type | Cash Amount |
|---|---|---|
| 05/27/2022 | Cash | $2.85 |
| 03/22/2022 | Cash | $17.00 |
| 12/15/2021 | Cash | $2.50 |
| 08/24/2021 | Cash | $2.00 |
As of 2024-02-14, the Intrinsic Value of ZIM Integrated Shipping Services Ltd (ZIM) is 270.94 USD. This ZIM valuation is based on the model Peter Lynch Fair Value. With the current market price of 11.8 USD, the upside of ZIM Integrated Shipping Services Ltd is 2196.1%.
The company's headquarters are in Haifa, Israel; Originating in 1945, ZIM has traded on the New York Stock Exchange since 2021.
| High | $20.00 |
|---|---|
| Median | $8.40 |
| Low | $5.00 |
| Average | $9.53 |
| Current Price | $12.44 |
Largest shareholders include Susquehanna International Group, Llp, Menora Mivtachim Holdings Ltd., BlackRock Inc., Morgan Stanley, Citadel Advisors Llc, Susquehanna International Group, Llp, Citadel Advisors Llc, American Century Companies Inc, AVDV - Avantis International Small Cap Value ETF, and Jefferies Group LLC .
Future Growth
ZIM Integrated Shipping Services's revenue is forecast to decline at 0.3% per annum while its annual earnings are expected to grow at 80.4% per year. EPS is expected to grow by 80.3% per annum. Return on equity is forecast to be -10.6% in 3 years.
Past Earnings Performance
ZIM Integrated Shipping Services has been growing earnings at an average annual rate of 42.8%, while the Shipping industry saw earnings growing at 47.5% annually. Revenues have been growing at an average rate of 29.4% per year.
Attacks on Red Sea shipping lanes by groups based in Yemen are having a major impact on operations, causing shipping rates to skyrocket higher. The shift has caused Jefferies to change its view on Zim shares, with the bank upgrading the stock to buy from hold and raising its price target to $20 from $14.
What is the volatility of ZIM stock?
ZIM implied volatility (IV) is 96.2, which is in the 87% percentile rank. This means that 87% of the time the IV was lower in the last year than the current level. The current IV (96.2) is 3.2% above its 20 day moving average (93.3) indicating implied volatility is trending higher.
Number of shares outstanding as of February 2024 : 120,219,761. According to ZIM Integrated Shipping Services's latest financial reports and stock price the company's current number of shares outstanding is 120,219,761. At the end of 2023 the company had 120,219,761 shares outstanding.
For this estimate we use a Discounted Cash Flow model. Significantly Below Fair Value: ZIM is trading below fair value by more than 20%.
What Is the Most Expensive Stock in the World? Berkshire Hathaway is the world's most expensive stock. One of the main reasons why the company's stock is so expensive is because it never went through a stock split.
After the company disappointed investors with a weaker-than-expected first-quarter 2023 earnings report and offered an inauspicious outlook on 2023, the stock price of ZIM Integrated Shipping Services(NYSE: ZIM) plunged more than 16% yesterday. And it doesn't look as if the sell-off will be ending today.
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