JPMorgan Chase & Co. Upgrades ZTO Express (Cayman) (NYSE:ZTO) to Overweight

ZTO Express (Cayman) (NYSE:ZTO) was upgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a research report issued to clients and investors on Thursday,Briefing.com Automated Import reports. The firm currently has a $21.00 price objective on the transportation company’s stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 16.98% from the company’s previous close.

ZTO has been the topic of a number of other research reports. HSBC raised shares of ZTO Express (Cayman) from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a research report on Monday, April 14th. Citigroup cut their price objective on shares of ZTO Express (Cayman) from $26.40 to $22.60 and set a “buy” rating for the company in a research report on Thursday, May 22nd. Wall Street Zen downgraded ZTO Express (Cayman) from a “buy” rating to a “hold” rating in a research note on Saturday, May 24th. Bank of America downgraded shares of ZTO Express (Cayman) from a “buy” rating to a “neutral” rating and reduced their price target for the company from $24.00 to $19.00 in a research report on Thursday, May 22nd. Finally, Hsbc Global Res upgraded ZTO Express (Cayman) from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 14th. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, ZTO Express (Cayman) currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.16.

ZTO Express (Cayman) Price Performance

Shares of NYSE ZTO traded up $0.42 during trading hours on Thursday, hitting $17.95. 512,103 shares of the stock were exchanged, compared to its average volume of 2,786,430. The company’s 50 day moving average is $18.56 and its 200 day moving average is $19.20. The firm has a market capitalization of $10.74 billion, a P/E ratio of 12.32, a P/E/G ratio of 1.03 and a beta of -0.14. ZTO Express has a one year low of $16.34 and a one year high of $27.50.

ZTO Express (Cayman) (NYSE:ZTO) last announced its quarterly earnings data on Tuesday, March 18th. The transportation company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.02). ZTO Express (Cayman) had a net margin of 20.56% and a return on equity of 15.44%. The business had revenue of $1.77 billion during the quarter, compared to analyst estimates of $11.73 billion. Research analysts anticipate that ZTO Express will post 1.57 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ZTO Express (Cayman)

A number of institutional investors have recently modified their holdings of ZTO. UMB Bank n.a. lifted its holdings in shares of ZTO Express (Cayman) by 106.4% during the first quarter. UMB Bank n.a. now owns 1,288 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 664 shares in the last quarter. First Horizon Advisors Inc. lifted its holdings in shares of ZTO Express (Cayman) by 70.8% during the first quarter. First Horizon Advisors Inc. now owns 2,132 shares of the transportation company’s stock valued at $42,000 after purchasing an additional 884 shares in the last quarter. Brooklyn Investment Group lifted its holdings in ZTO Express (Cayman) by 443,600.0% in the first quarter. Brooklyn Investment Group now owns 4,437 shares of the transportation company’s stock valued at $88,000 after acquiring an additional 4,436 shares during the period. Blue Trust Inc. lifted its holdings in ZTO Express (Cayman) by 119.8% in the fourth quarter. Blue Trust Inc. now owns 5,061 shares of the transportation company’s stock valued at $99,000 after acquiring an additional 2,758 shares during the period. Finally, U S Global Investors Inc. lifted its holdings in ZTO Express (Cayman) by 47.0% in the first quarter. U S Global Investors Inc. now owns 10,101 shares of the transportation company’s stock valued at $200,000 after acquiring an additional 3,229 shares during the period. 41.65% of the stock is owned by hedge funds and other institutional investors.

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.