ZTO Express (Cayman) Inc. (NYSE:ZTO) Receives $22.36 Consensus Price Target from Brokerages

ZTO Express (Cayman) Inc. (NYSE:ZTO) has been assigned a consensus rating of “Moderate Buy” from the seven brokerages that are currently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $22.36.

Several equities analysts have weighed in on the company. Zacks Research raised ZTO Express (Cayman) from a “strong sell” rating to a “hold” rating in a report on Thursday, September 25th. Weiss Ratings restated a “hold (c)” rating on shares of ZTO Express (Cayman) in a research report on Wednesday, October 8th. Finally, Bank of America upped their price objective on shares of ZTO Express (Cayman) from $19.00 to $22.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 20th.

ZTO Express (Cayman) Stock Up 1.4%

NYSE ZTO opened at $19.21 on Wednesday. The firm has a 50-day moving average price of $19.00 and a two-hundred day moving average price of $18.69. ZTO Express has a 12-month low of $16.34 and a 12-month high of $22.01. The company has a market capitalization of $11.49 billion, a P/E ratio of 12.72, a P/E/G ratio of 7.40 and a beta of -0.20.

ZTO Express (Cayman) (NYSE:ZTO) last released its quarterly earnings results on Wednesday, November 19th. The transportation company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $2.51 by ($2.08). The business had revenue of $1.67 billion during the quarter, compared to analyst estimates of $11.91 billion. ZTO Express (Cayman) had a net margin of 18.61% and a return on equity of 14.50%. The firm’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.90 earnings per share. Equities analysts expect that ZTO Express will post 1.57 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Legacy Wealth Asset Management LLC lifted its stake in ZTO Express (Cayman) by 0.5% during the third quarter. Legacy Wealth Asset Management LLC now owns 137,761 shares of the transportation company’s stock worth $2,645,000 after purchasing an additional 686 shares during the last quarter. CWM LLC increased its stake in shares of ZTO Express (Cayman) by 42.2% in the 3rd quarter. CWM LLC now owns 2,341 shares of the transportation company’s stock valued at $45,000 after purchasing an additional 695 shares during the last quarter. U S Global Investors Inc. raised its holdings in shares of ZTO Express (Cayman) by 5.1% during the 3rd quarter. U S Global Investors Inc. now owns 14,764 shares of the transportation company’s stock worth $283,000 after buying an additional 716 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of ZTO Express (Cayman) by 61.4% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,021 shares of the transportation company’s stock worth $36,000 after buying an additional 769 shares during the last quarter. Finally, One Wealth Advisors LLC lifted its position in shares of ZTO Express (Cayman) by 6.6% during the 2nd quarter. One Wealth Advisors LLC now owns 12,741 shares of the transportation company’s stock worth $226,000 after buying an additional 790 shares during the last quarter. 41.65% of the stock is owned by 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.