ZTO Express (Cayman) (NYSE:ZTO) Sets New 52-Week High – What’s Next?

ZTO Express (Cayman) Inc. (NYSE:ZTO)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $25.04 and last traded at $24.9950, with a volume of 589380 shares trading hands. The stock had previously closed at $24.66.

Analyst Ratings Changes

ZTO has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of ZTO Express (Cayman) in a research report on Monday, December 29th. Wall Street Zen upgraded ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. Zacks Research cut ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 7th. Finally, Macquarie Infrastructure raised shares of ZTO Express (Cayman) from a “hold” rating to a “strong-buy” rating in a research note on Sunday, February 8th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $22.36.

ZTO Express (Cayman) Stock Up 0.6%

The business’s fifty day moving average is $22.36 and its two-hundred day moving average is $20.41. The stock has a market cap of $15.01 billion, a price-to-earnings ratio of 16.86, a PEG ratio of 4.78 and a beta of -0.18.

ZTO Express (Cayman) (NYSE:ZTO) last announced its quarterly earnings data on Thursday, November 20th. The transportation company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.51 by ($2.08). ZTO Express (Cayman) had a net margin of 18.61% and a return on equity of 14.33%. ZTO Express (Cayman)’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same period last year, the firm earned $2.90 earnings per share. As a group, sell-side analysts expect that ZTO Express will post 1.57 earnings per share for the current year.

Institutional Investors Weigh In On ZTO Express (Cayman)

Several hedge funds have recently modified their holdings of ZTO. Signaturefd LLC grew its holdings in shares of ZTO Express (Cayman) by 22.5% during the fourth quarter. Signaturefd LLC now owns 2,693 shares of the transportation company’s stock valued at $56,000 after purchasing an additional 494 shares during the last quarter. Ethic Inc. increased its position in ZTO Express (Cayman) by 3.7% in the fourth quarter. Ethic Inc. now owns 15,943 shares of the transportation company’s stock worth $333,000 after buying an additional 569 shares during the period. Legacy Wealth Asset Management LLC lifted its stake in ZTO Express (Cayman) by 0.5% in the third quarter. Legacy Wealth Asset Management LLC now owns 137,761 shares of the transportation company’s stock valued at $2,645,000 after buying an additional 686 shares during the last quarter. CWM LLC boosted its holdings in shares of ZTO Express (Cayman) by 42.2% during the third quarter. CWM LLC now owns 2,341 shares of the transportation company’s stock valued at $45,000 after acquiring an additional 695 shares during the period. Finally, U S Global Investors Inc. grew its position in shares of ZTO Express (Cayman) by 5.1% during the third quarter. U S Global Investors Inc. now owns 14,764 shares of the transportation company’s stock worth $283,000 after acquiring an additional 716 shares during the last quarter. 41.65% of the stock is owned by institutional investors and hedge funds.

About ZTO Express (Cayman)

ZTO Express (Cayman) Inc is one of China’s leading express delivery companies, specializing in both domestic and cross-border parcel logistics. The company operates a technology-enabled network that connects shippers, independent pickup and delivery stations, regional sorting hubs and end customers. ZTO’s service portfolio includes standard express, heavy-weight parcel delivery, time-definite shipments and e-commerce logistics solutions tailored for online retailers and marketplaces.

Founded in 2002 and headquartered in Shanghai, ZTO has grown rapidly by leveraging a franchise-style operating model that engages a broad network of independent contractors.