ZTO Express (Cayman) (NYSE:ZTO) Upgraded to “Buy” at Wall Street Zen

Wall Street Zen upgraded shares of ZTO Express (Cayman) (NYSE:ZTO – Free Report) from a hold rating to a buy rating in a research report report published on Sunday,Wall Street Zen reports.

Several other brokerages have also recently issued reports on ZTO. Zacks Research cut ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 5th. Weiss Ratings cut ZTO Express (Cayman) from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, August 31st. Finally, JPMorgan Chase & Co. downgraded shares of ZTO Express (Cayman) from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $29.00 to $22.00 in a report on Thursday, September 3rd. 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. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $26.05.

Check Out Our Latest Stock Analysis on ZTO

ZTO Express (Cayman) Price Performance

Shares of NYSE ZTO opened at $19.52 on Friday. ZTO Express has a fifty-two week low of $18.11 and a fifty-two week high of $26.20. The stock has a market cap of $10.88 billion, a price-to-earnings ratio of 10.50, a PEG ratio of 0.76 and a beta of -0.24. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.67 and a current ratio of 1.67. The firm’s 50-day simple moving average is $22.06 and its 200 day simple moving average is $23.21.

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

Hedge Funds Weigh In On ZTO Express (Cayman)

Institutional investors have recently modified their holdings of the business. Arrowstreet Capital Limited Partnership increased its position 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 valued at $23,165,000 after purchasing an additional 863,078 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of ZTO Express (Cayman) by 400.2% in the 1st quarter. Renaissance Technologies LLC now owns 618,800 shares of the transportation company’s stock worth $15,575,000 after buying an additional 495,100 shares during the last quarter. OPTIMAS CAPITAL Ltd purchased a new position in shares of ZTO Express (Cayman) in the 4th quarter worth about $4,005,000. Sei Investments Co. grew its position in ZTO Express (Cayman) by 575.6% during the first quarter. Sei Investments Co. now owns 211,401 shares of the transportation company’s stock valued at $5,321,000 after buying an additional 180,110 shares during the period. Finally, Todd Asset Management LLC grew its position 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 buying an additional 178,235 shares during the period. 41.65% of the stock is owned by institutional investors.

About ZTO Express (Cayman)

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

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