ZTO Express (Cayman) (NYSE:ZTO) Shares Gap Down – Time to Sell?

ZTO Express (Cayman) Inc. (NYSE:ZTOGet Free Report)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $23.13, but opened at $21.50. ZTO Express (Cayman) shares last traded at $21.7080, with a volume of 442,229 shares changing hands.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Morgan Stanley restated an “overweight” rating and set a $30.10 price objective on shares of ZTO Express (Cayman) in a report on Wednesday, May 20th. Weiss Ratings reiterated a “hold (c+)” rating on shares of ZTO Express (Cayman) in a report on Monday. Finally, Zacks Research downgraded ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $27.03.

Check Out Our Latest Analysis on ZTO

ZTO Express (Cayman) Stock Performance

The stock’s 50 day moving average price is $23.25 and its 200 day moving average price is $23.83. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $11.92 billion, a price-to-earnings ratio of 13.17, a P/E/G ratio of 0.87 and a beta of -0.22.

ZTO Express (Cayman) (NYSE:ZTOGet Free Report) last released its earnings results on Tuesday, August 18th. The transportation company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.06. ZTO Express (Cayman) had a return on equity of 14.23% and a net margin of 17.87%.The business had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.15 billion. The company’s quarterly revenue was up 23.0% on a year-over-year basis. Analysts expect that ZTO Express will post 1.95 earnings per share for the current year.

Institutional Trading of ZTO Express (Cayman)

A number of large investors have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd acquired a new position in shares of ZTO Express (Cayman) during the 4th quarter worth about $25,000. Leonteq Securities AG acquired a new position in ZTO Express (Cayman) during the fourth quarter worth approximately $30,000. Atlas Capital Advisors Inc. bought a new stake in ZTO Express (Cayman) in the fourth quarter valued at approximately $35,000. Smartleaf Asset Management LLC raised its stake in ZTO Express (Cayman) by 61.4% in 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 period. Finally, Assetmark Inc. lifted its position in shares of ZTO Express (Cayman) by 1,713.0% in the fourth quarter. Assetmark Inc. now owns 2,375 shares of the transportation company’s stock valued at $50,000 after buying an additional 2,244 shares during the last quarter. Institutional investors and hedge funds own 41.65% of the company’s stock.

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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