ZTO Express (Cayman) (NYSE:ZTO) Shares Gap Down – Should You Sell?

ZTO Express (Cayman) Inc. (NYSE:ZTO) gapped down before the market opened on Tuesday . The stock had previously closed at $19.03, but opened at $18.59. ZTO Express (Cayman) shares last traded at $18.17, with a volume of 831,096 shares changing hands.

Analyst Ratings Changes

ZTO has been the subject of a number of recent analyst reports. StockNews.com upgraded shares of ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a research report on Wednesday, March 26th. Bank of America lowered ZTO Express (Cayman) from a “buy” rating to a “neutral” rating and set a $19.00 price objective for the company. in a research report on Thursday. JPMorgan Chase & Co. cut shares of ZTO Express (Cayman) from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $25.00 to $23.00 in a research report on Thursday, March 20th. 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 note on Monday, April 14th. Finally, Hsbc Global Res raised ZTO Express (Cayman) from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 14th. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $21.30.

ZTO Express (Cayman) Trading Down 2.6%

The business has a 50-day moving average price of $18.94 and a two-hundred day moving average price of $19.39. The stock has a market capitalization of $10.20 billion, a P/E ratio of 11.75, a P/E/G ratio of 1.03 and a beta of -0.14.

ZTO Express (Cayman) (NYSE:ZTO) last issued its earnings results 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 return on equity of 15.44% and a net margin of 20.56%. The firm had revenue of $1.77 billion during the quarter, compared to analyst estimates of $11.73 billion. On average, sell-side analysts forecast that ZTO Express will post 1.57 earnings per share for the current fiscal year.

ZTO Express (Cayman) Announces Dividend

The company also recently announced a semi-annual dividend, which was paid on Tuesday, April 29th. Investors of record on Thursday, April 10th were paid a dividend of $0.35 per share. This represents a yield of 4.7%. The ex-dividend date was Thursday, April 10th. ZTO Express (Cayman)’s dividend payout ratio is presently 45.95%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. ABC Arbitrage SA bought a new stake in ZTO Express (Cayman) during the fourth quarter worth $316,000. SG Americas Securities LLC raised its holdings in shares of ZTO Express (Cayman) by 2,787.7% in the 4th quarter. SG Americas Securities LLC now owns 295,725 shares of the transportation company’s stock worth $5,781,000 after purchasing an additional 285,484 shares during the period. XY Capital Ltd lifted its position in shares of ZTO Express (Cayman) by 208.9% during the 4th quarter. XY Capital Ltd now owns 396,873 shares of the transportation company’s stock valued at $7,759,000 after buying an additional 268,387 shares during the last quarter. Blue Trust Inc. boosted its position in ZTO Express (Cayman) by 119.8% during the fourth quarter. Blue Trust Inc. now owns 5,061 shares of the transportation company’s stock worth $99,000 after purchasing an additional 2,758 shares during the period. Finally, LPL Financial LLC purchased a new position in ZTO Express (Cayman) in the 4th quarter valued at approximately $232,000. Institutional investors and hedge funds own 41.65% of the company’s stock.

About ZTO Express (Cayman)

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.