ZTO Express (Cayman) Inc. (NYSE:ZTO) Given Average Recommendation of “Buy” by Analysts

ZTO Express (Cayman) Inc. (NYSE:ZTOGet Free Report) has been given a consensus rating of “Buy” by the six ratings firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $24.45.

Several equities research analysts have commented on the company. Zacks Research raised ZTO Express (Cayman) from a “hold” rating to a “strong-buy” rating in a report on Monday, April 13th. Macquarie Infrastructure raised ZTO Express (Cayman) from a “hold” rating to a “strong-buy” rating in a report on Sunday, February 8th. JPMorgan Chase & Co. boosted their target price on ZTO Express (Cayman) from $25.00 to $29.00 and gave the stock an “overweight” rating in a report on Monday, April 13th. Weiss Ratings raised ZTO Express (Cayman) from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, May 1st. Finally, Wall Street Zen raised ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a report on Saturday, April 11th.

View Our Latest Stock Analysis on ZTO Express (Cayman)

Institutional Investors Weigh In On ZTO Express (Cayman)

Several institutional investors have recently modified their holdings of ZTO. Caitong International Asset Management Co. Ltd purchased a new stake in shares of ZTO Express (Cayman) during the fourth quarter valued at $25,000. Leonteq Securities AG purchased a new stake in shares of ZTO Express (Cayman) during the fourth quarter valued at $30,000. Atlas Capital Advisors Inc. purchased a new stake in shares of ZTO Express (Cayman) during the fourth quarter valued at $35,000. Smartleaf Asset Management LLC boosted its position in shares of ZTO Express (Cayman) by 61.4% during the second quarter. Smartleaf Asset Management LLC now owns 2,021 shares of the transportation company’s stock valued at $36,000 after buying an additional 769 shares during the last quarter. Finally, First Horizon Corp purchased a new stake in shares of ZTO Express (Cayman) during the third quarter valued at $40,000. 41.65% of the stock is owned by hedge funds and other institutional investors.

ZTO Express (Cayman) Price Performance

Shares of ZTO stock opened at $23.55 on Wednesday. The stock has a market cap of $13.28 billion, a price-to-earnings ratio of 14.91, a PEG ratio of 1.19 and a beta of -0.18. The business’s fifty day moving average is $24.73 and its 200 day moving average is $22.76. ZTO Express has a twelve month low of $16.68 and a twelve month high of $26.20.

ZTO Express (Cayman) (NYSE:ZTOGet Free Report) last issued its quarterly earnings results on Tuesday, May 19th. The transportation company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.06). ZTO Express (Cayman) had a return on equity of 14.05% and a net margin of 18.50%.The firm had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.84 billion. Equities research analysts expect that ZTO Express will post 1.82 earnings per share for the current fiscal year.

ZTO Express (Cayman) Announces Dividend

The business also recently announced a dividend, which was paid on Wednesday, April 29th. Shareholders of record on Wednesday, April 8th were issued a $0.39 dividend. This represents a yield of 318.0%. The ex-dividend date of this dividend was Wednesday, April 8th. ZTO Express (Cayman)’s payout ratio is 48.10%.

About ZTO Express (Cayman)

(Get Free Report)

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.

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Analyst Recommendations for ZTO Express (Cayman) (NYSE:ZTO)

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