ZTO Express (Cayman) (NYSE:ZTO – Get Free Report) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday, Wall Street Zen reports.
A number of other research analysts have also recently issued reports on the stock. The Goldman Sachs Group cut shares of ZTO Express (Cayman) from a “buy” rating to a “neutral” rating and lowered their price target for the company from $25.00 to $22.00 in a research report on Wednesday, October 14th. 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. Zacks Research downgraded shares of ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 5th. Finally, JPMorgan Chase & Co. lowered shares of ZTO Express (Cayman) from an “overweight” rating to a “neutral” rating and lowered their target price for the company 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 four have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.70.
Get Our Latest Stock Report on ZTO Express (Cayman)
ZTO Express (Cayman) Stock Performance
Shares of ZTO Express (Cayman) stock opened at $20.78 on Friday. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $11.58 billion, a P/E ratio of 11.17, a P/E/G ratio of 1.01 and a beta of -0.18. The business has a fifty day simple moving average of $20.24 and a two-hundred day simple moving average of $22.80. ZTO Express has a 12 month low of $18.31 and a 12 month high of $26.20.
ZTO Express (Cayman) (NYSE:ZTO – Get Free Report) last announced its earnings results on Saturday, August 15th. The transportation company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.06. The firm had revenue of $2.14 billion for the quarter, compared to analysts’ expectations of $2.15 billion. ZTO Express (Cayman) had a net margin of 19.03% and a return on equity of 15.90%. The business’s revenue for the quarter was up 23.0% on a year-over-year basis. On average, equities analysts forecast that ZTO Express will post 1.91 earnings per share for the current fiscal year.
Institutional Investors Weigh In On ZTO Express (Cayman)
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Arrowstreet Capital Limited Partnership lifted its position in shares of ZTO Express (Cayman) by 1,506.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 920,352 shares of the transportation company’s stock valued at $23,165,000 after acquiring an additional 863,078 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of ZTO Express (Cayman) by 400.2% during the first quarter. Renaissance Technologies LLC now owns 618,800 shares of the transportation company’s stock worth $15,575,000 after purchasing an additional 495,100 shares in the last quarter. Sei Investments Co. grew its position in shares of ZTO Express (Cayman) by 575.6% during the first quarter. Sei Investments Co. now owns 211,401 shares of the transportation company’s stock worth $5,321,000 after purchasing an additional 180,110 shares in the last quarter. Todd Asset Management LLC raised its stake in ZTO Express (Cayman) by 10.4% during the 2nd 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 period. Finally, Mitsubishi UFJ Trust & Banking Corp raised its stake in ZTO Express (Cayman) by 150.6% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 205,776 shares of the transportation company’s stock valued at $4,605,000 after purchasing an additional 123,675 shares during the period. 41.65% of the stock is currently owned by hedge funds and other institutional investors.
About ZTO Express (Cayman)
ZTO Express (Cayman) Inc is a China-based express delivery and logistics company. It provides parcel collection, sorting, transportation and delivery services, serving e-commerce businesses, merchants and individual customers.
The company operates a network of service outlets, transportation partners and sorting hubs across China. Its services also include freight forwarding, warehousing and cross-border logistics through its international business.
Founded in 2002, ZTO is headquartered in Shanghai.
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