ZTO Express (Cayman) Inc. (NYSE:ZTO) Receives $26.05 Average PT from Brokerages

Shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) have been given a consensus rating of “Moderate Buy” by the five brokerages that are presently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $26.05.

A number of research firms have weighed in on ZTO. Zacks Research lowered shares of ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 5th. JPMorgan Chase & Co. cut ZTO Express (Cayman) from an “overweight” rating to a “neutral” rating and cut their price target for the company from $29.00 to $22.00 in a report on Thursday, September 3rd. Weiss Ratings downgraded ZTO Express (Cayman) from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, August 31st. Finally, Wall Street Zen lowered ZTO Express (Cayman) from a “buy” rating to a “hold” rating in a research note on Saturday.

ZTO Express (Cayman) Trading Down 7.3%

Shares of ZTO opened at $19.44 on Tuesday. ZTO Express has a 52-week low of $18.11 and a 52-week high of $26.20. The stock has a market cap of $10.83 billion, a PE ratio of 10.45, a price-to-earnings-growth ratio of 0.81 and a beta of -0.24. The firm’s fifty day moving average is $22.44 and its two-hundred day moving average is $23.30. 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) last issued 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 business had revenue of $2.14 billion during 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%. ZTO Express (Cayman)’s revenue for the quarter was up 23.0% compared to the same quarter last year. Research analysts forecast that ZTO Express will post 1.91 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Leonteq Securities AG acquired a new stake in ZTO Express (Cayman) during the fourth quarter worth about $30,000. Caitong International Asset Management Co. Ltd purchased a new position in ZTO Express (Cayman) during the fourth quarter worth about $42,000. Northwestern Mutual Wealth Management Co. boosted its holdings in ZTO Express (Cayman) by 2,225.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,604 shares of the transportation company’s stock valued at $81,000 after purchasing an additional 3,449 shares during the last quarter. Bayforest Capital Ltd acquired a new position in ZTO Express (Cayman) in the 2nd quarter valued at about $129,000. Finally, Parallel Advisors LLC grew its stake in shares of ZTO Express (Cayman) by 58.4% in the 1st quarter. Parallel Advisors LLC now owns 5,276 shares of the transportation company’s stock valued at $133,000 after buying an additional 1,946 shares during the period. Hedge funds and other institutional investors own 41.65% of the company’s stock.

About ZTO Express (Cayman)

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.