ZTO Express (Cayman) (NYSE:ZTO) Cut to Hold at Wall Street Zen

Wall Street Zen lowered shares of ZTO Express (Cayman) (NYSE:ZTO) from a buy rating to a hold rating in a report released on Saturday,Wall Street Zen reports.

Several other equities research analysts have also recently weighed in on ZTO. Zacks Research cut shares of ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 5th. The Goldman Sachs Group downgraded ZTO Express (Cayman) from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $25.00 to $22.00 in a research report on Wednesday, October 14th. Weiss Ratings lowered 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. lowered ZTO Express (Cayman) from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $29.00 to $22.00 in a research note on Thursday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, ZTO Express (Cayman) presently has an average rating of “Moderate Buy” and a consensus price target of $24.70.

ZTO Express (Cayman) Price Performance

NYSE:ZTO opened at $20.04 on Friday. The stock has a market cap of $11.17 billion, a P/E ratio of 10.90, a PEG ratio of 0.98 and a beta of -0.19. ZTO Express has a one year low of $18.18 and a one year high of $26.20. The company has a fifty day moving average price of $20.76 and a 200 day moving average price of $22.71. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.67 and a quick ratio of 1.67.

ZTO Express (Cayman) (NYSE:ZTO) last issued its quarterly earnings results on Saturday, August 15th. The transportation company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.06. The firm had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.15 billion. ZTO Express (Cayman) had a net margin of 19.03% and a return on equity of 15.90%. The firm’s revenue for the quarter was up 23.0% on a year-over-year basis. Analysts anticipate that ZTO Express will post 1.91 earnings per share for the current year.

Institutional Investors Weigh In On ZTO Express (Cayman)

A number of institutional investors have recently bought and sold shares of ZTO. Squarepoint Ops LLC lifted its stake in ZTO Express (Cayman) by 18.5% during the second quarter. Squarepoint Ops LLC now owns 40,261 shares of the transportation company’s stock worth $901,000 after purchasing an additional 6,297 shares during the period. Nykredit A S acquired a new stake in ZTO Express (Cayman) during the second quarter valued at approximately $328,000. Allianz Asset Management GmbH bought a new stake in shares of ZTO Express (Cayman) in the 2nd quarter valued at approximately $780,000. Corient Private Wealth LP grew its stake in shares of ZTO Express (Cayman) by 12.1% in the 2nd quarter. Corient Private Wealth LP now owns 15,186 shares of the transportation company’s stock valued at $340,000 after purchasing an additional 1,640 shares during the period. Finally, HighTower Advisors LLC bought a new stake in shares of ZTO Express (Cayman) in the 2nd quarter valued at approximately $234,000. Institutional investors and hedge funds own 41.65% of the company’s stock.

ZTO Express (Cayman) Company Profile

ZTO Express (Cayman) Inc is a holding company that operates ZTO Express, one of China’s major express delivery and logistics providers. The company provides parcel collection, sorting, line-haul transportation and last-mile delivery services, supporting shipments for consumers, merchants and businesses across China.

ZTO’s business is closely connected to China’s e-commerce economy, handling deliveries for online retailers and individual customers. Its operations include a nationwide network of sorting centers, transportation routes, service outlets and delivery personnel.