ZTO Express (Cayman) (NYSE:ZTO) Stock Rating Lowered by Wall Street Zen

ZTO Express (Cayman) (NYSE:ZTO – Get Free Report) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday, Wall Street Zen reports.

Several other brokerages have also commented on ZTO. JPMorgan Chase & Co. lowered ZTO Express (Cayman) from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $29.00 to $22.00 in a research note on Thursday, September 3rd. The Goldman Sachs Group cut ZTO Express (Cayman) from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $25.00 to $22.00 in a report on Wednesday. Weiss Ratings downgraded ZTO Express (Cayman) from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, August 31st. 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 research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, ZTO Express (Cayman) presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.70.

View Our Latest Report on ZTO Express (Cayman)

ZTO Express (Cayman) Stock Down 0.3%

Shares of NYSE ZTO opened at $20.12 on Friday. The stock has a market capitalization of $11.21 billion, a price-to-earnings ratio of 10.82, a price-to-earnings-growth ratio of 0.98 and a beta of -0.19. ZTO Express has a 52 week low of $18.18 and a 52 week high of $26.20. The firm has a 50-day moving average price of $20.83 and a 200 day moving average price of $22.75. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 0.16.

ZTO Express (Cayman) (NYSE:ZTO – Get Free Report) last issued its earnings results on Saturday, August 15th. The transportation company reported $0.56 earnings per share for the quarter, topping 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 company had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.15 billion. ZTO Express (Cayman)’s revenue was up 23.0% compared to the same quarter last year. Equities research analysts anticipate that ZTO Express will post 1.91 EPS for the current fiscal year.

Institutional Trading of ZTO Express (Cayman)

Large investors have recently made changes to their positions in the stock. Squarepoint Ops LLC grew its stake in ZTO Express (Cayman) by 18.5% in the 2nd quarter. Squarepoint Ops LLC now owns 40,261 shares of the transportation company’s stock worth $901,000 after acquiring an additional 6,297 shares during the period. Nykredit A S acquired a new position in ZTO Express (Cayman) in the 2nd quarter valued at $328,000. Allianz Asset Management GmbH acquired a new position in ZTO Express (Cayman) in the 2nd quarter valued at $780,000. Corient Private Wealth LP lifted its stake in shares of ZTO Express (Cayman) by 12.1% during the 2nd quarter. Corient Private Wealth LP now owns 15,186 shares of the transportation company’s stock worth $340,000 after purchasing an additional 1,640 shares during the period. Finally, HighTower Advisors LLC acquired a new stake in shares of ZTO Express (Cayman) during the second quarter worth $234,000. 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 a China-based express delivery and logistics company. Through its network of sorting centers, transportation routes and service outlets, the company provides parcel collection, sorting, line-haul transportation and last-mile delivery services for e-commerce merchants, businesses and individual customers.

The company also offers related logistics services, including freight delivery, supply-chain solutions, international logistics and cloud-based warehouse services.

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

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