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

ZTO Express (Cayman) Inc. (NYSE:ZTO – Get Free Report)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $20.96, but opened at $20.03. ZTO Express (Cayman) shares last traded at $19.3780, with a volume of 1,643,345 shares.

Wall Street Analyst Weigh In

ZTO has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lowered ZTO Express (Cayman) from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $29.00 to $22.00 in a research report on Thursday, September 3rd. Wall Street Zen lowered shares of ZTO Express (Cayman) from a “buy” rating to a “hold” rating in a research note on Saturday. Zacks Research downgraded shares of ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 5th. Finally, Weiss Ratings cut shares of ZTO Express (Cayman) from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, August 31st. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, ZTO Express (Cayman) currently has an average rating of “Moderate Buy” and a consensus price target of $26.05.

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Get Our Latest Stock Analysis on ZTO

ZTO Express (Cayman) Trading Down 8.4%

The company has a market cap of $10.70 billion, a price-to-earnings ratio of 10.33, a price-to-earnings-growth ratio of 0.81 and a beta of -0.24. The company’s 50 day moving average price is $22.53 and its 200 day moving average price is $23.32. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.67 and a current ratio of 1.67.

ZTO Express (Cayman) (NYSE:ZTO – Get Free Report) last released its quarterly earnings data on Saturday, August 15th. The transportation company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.06. ZTO Express (Cayman) had a net margin of 19.03% and a return on equity of 15.90%. The business had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.15 billion. The business’s revenue was up 23.0% on a year-over-year basis. Research analysts anticipate that ZTO Express will post 1.91 EPS for the current year.

Institutional Investors Weigh In On ZTO Express (Cayman)

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Todd Asset Management LLC grew its holdings in ZTO Express (Cayman) by 10.4% during the second quarter. Todd Asset Management LLC now owns 1,891,052 shares of the transportation company’s stock valued at $42,322,000 after purchasing an additional 178,235 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of ZTO Express (Cayman) by 1,506.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 920,352 shares of the transportation company’s stock worth $23,165,000 after buying an additional 863,078 shares during the period. BNP Paribas Financial Markets boosted its holdings in shares of ZTO Express (Cayman) by 30.1% during the 4th quarter. BNP Paribas Financial Markets now owns 768,626 shares of the transportation company’s stock worth $16,057,000 after buying an additional 177,866 shares during the period. Renaissance Technologies LLC grew its stake in ZTO Express (Cayman) by 400.2% in the 1st quarter. Renaissance Technologies LLC now owns 618,800 shares of the transportation company’s stock valued at $15,575,000 after buying an additional 495,100 shares during the last quarter. Finally, Hsbc Holdings PLC grew its stake in ZTO Express (Cayman) by 93.9% in the 4th quarter. Hsbc Holdings PLC now owns 249,469 shares of the transportation company’s stock valued at $5,211,000 after buying an additional 120,835 shares during the last quarter. 41.65% of the stock is currently owned by institutional investors and hedge funds.

ZTO Express (Cayman) Company Profile

(Get Free Report)

ZTO Express (Cayman) Inc is a China-based express delivery and logistics company. Through its operating network, the company provides parcel collection, sorting, transportation and delivery services for e-commerce merchants, businesses and individual customers.

ZTO’s services primarily cover domestic express delivery in China and are supported by distribution hubs, sorting facilities, transportation routes, delivery outlets and third-party network partners. The company also offers logistics-related services, including freight forwarding and other supply-chain solutions, while serving the needs of China’s growing online retail market.

Founded in 2002, ZTO has expanded its operations alongside the development of China’s e-commerce sector.

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