ZTO Express (Cayman) (NYSE:ZTO) Shares Gap Down – Here’s What Happened

ZTO Express (Cayman) Inc. (NYSE:ZTO)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $23.55, but opened at $22.67. ZTO Express (Cayman) shares last traded at $22.9490, with a volume of 369,655 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ZTO. Macquarie Infrastructure upgraded ZTO Express (Cayman) from a “hold” rating to a “strong-buy” rating in a research report on Sunday, February 8th. Zacks Research upgraded shares of ZTO Express (Cayman) from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 13th. Wall Street Zen upgraded shares of ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a research report on Saturday, April 11th. JPMorgan Chase & Co. lifted their price objective on shares of ZTO Express (Cayman) from $25.00 to $29.00 and gave the stock an “overweight” rating in a research report on Monday, April 13th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $30.10 price objective on shares of ZTO Express (Cayman) in a research report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $25.93.

ZTO Express (Cayman) Price Performance

The business has a fifty day moving average of $24.73 and a 200 day moving average of $22.76. The stock has a market cap of $12.98 billion, a price-to-earnings ratio of 14.57, a P/E/G ratio of 1.19 and a beta of -0.18.

ZTO Express (Cayman) (NYSE:ZTO) last released its quarterly earnings data on Saturday, February 14th. The transportation company reported $0.47 EPS for the quarter. ZTO Express (Cayman) had a return on equity of 14.05% and a net margin of 18.50%.The firm had revenue of $2.07 billion for the quarter. On average, analysts expect that ZTO Express will post 1.82 EPS for the current year.

ZTO Express (Cayman) Dividend Announcement

The business also recently announced a dividend, which was paid on Wednesday, April 29th. Shareholders of record on Wednesday, April 8th were issued a dividend of $0.39 per share. This represents a yield of 318.0%. The ex-dividend date was Wednesday, April 8th. ZTO Express (Cayman)’s dividend payout ratio (DPR) is 48.10%.

Hedge Funds Weigh In On ZTO Express (Cayman)

Several institutional investors have recently bought and sold shares of ZTO. Caitong International Asset Management Co. Ltd acquired a new stake in shares of ZTO Express (Cayman) in the fourth quarter worth $25,000. Leonteq Securities AG acquired a new stake in shares of ZTO Express (Cayman) in the fourth quarter worth $30,000. Atlas Capital Advisors Inc. acquired a new stake in shares of ZTO Express (Cayman) in the fourth quarter worth $35,000. Smartleaf Asset Management LLC lifted its stake in shares of ZTO Express (Cayman) by 61.4% in the second 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, CWM LLC lifted its stake in shares of ZTO Express (Cayman) by 42.2% in the third quarter. CWM LLC now owns 2,341 shares of the transportation company’s stock worth $45,000 after buying an additional 695 shares during the last quarter. 41.65% of the stock is currently owned by institutional investors.

ZTO Express (Cayman) Company Profile

ZTO Express (Cayman) Inc is one of China’s leading express delivery companies, specializing in both domestic and cross-border parcel logistics. The company operates a technology-enabled network that connects shippers, independent pickup and delivery stations, regional sorting hubs and end customers. ZTO’s service portfolio includes standard express, heavy-weight parcel delivery, time-definite shipments and e-commerce logistics solutions tailored for online retailers and marketplaces.

Founded in 2002 and headquartered in Shanghai, ZTO has grown rapidly by leveraging a franchise-style operating model that engages a broad network of independent contractors.