ZTO Express (Cayman) (NYSE:ZTO) Shares Gap Up – What’s Next?

Shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) gapped up prior to trading on Wednesday . The stock had previously closed at $21.30, but opened at $21.90. ZTO Express (Cayman) shares last traded at $21.94, with a volume of 468,590 shares traded.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ZTO. HSBC downgraded shares of ZTO Express (Cayman) from a “buy” rating to a “hold” rating and decreased their price objective for the company from $28.00 to $20.00 in a report on Tuesday, January 21st. Hsbc Global Res downgraded shares of ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 21st. Finally, StockNews.com downgraded shares of ZTO Express (Cayman) from a “buy” rating to a “hold” rating in a research note on Tuesday. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $24.53.

ZTO Express (Cayman) Stock Performance

The stock has a market cap of $13.11 billion, a P/E ratio of 14.95, a price-to-earnings-growth ratio of 1.03 and a beta of -0.13. The company’s 50 day moving average price is $19.43 and its 200-day moving average price is $20.98.

ZTO Express (Cayman) (NYSE:ZTO) last announced its quarterly earnings results on Tuesday, March 18th. The transportation company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.03). ZTO Express (Cayman) had a return on equity of 15.44% and a net margin of 20.56%. The firm had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $11.73 billion. On average, analysts forecast that ZTO Express will post 1.57 earnings per share for the current fiscal year.

Institutional Trading of ZTO Express (Cayman)

Large investors have recently added to or reduced their stakes in the stock. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of ZTO Express (Cayman) in the 3rd quarter worth about $8,723,000. Fisher Asset Management LLC grew its stake in shares of ZTO Express (Cayman) by 10.0% during the 3rd quarter. Fisher Asset Management LLC now owns 3,484,318 shares of the transportation company’s stock valued at $86,307,000 after acquiring an additional 317,450 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of ZTO Express (Cayman) by 112.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 187,114 shares of the transportation company’s stock valued at $4,635,000 after acquiring an additional 98,877 shares during the period. Point72 Asset Management L.P. bought a new position in shares of ZTO Express (Cayman) during the 3rd quarter valued at approximately $12,407,000. Finally, Confluence Investment Management LLC lifted its holdings in ZTO Express (Cayman) by 14.8% in the 4th quarter. Confluence Investment Management LLC now owns 10,282 shares of the transportation company’s stock worth $201,000 after purchasing an additional 1,326 shares in the last quarter. Institutional investors own 41.65% of the company’s stock.

ZTO Express (Cayman) Company Profile

ZTO Express (Cayman) Inc provides express delivery and other value-added logistics services in the People's Republic of China. It offers freight forwarding services; and delivery services for e-commerce and traditional merchants, and other express service users. The company was founded in 2002 and is headquartered in Shanghai, the People's Republic of China.