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

ZTO Express (Cayman) Inc. (NYSE:ZTO)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $23.13, but opened at $21.50. ZTO Express (Cayman) shares last traded at $21.7080, with a volume of 442,229 shares changing hands.

Analysts Set New Price Targets

A number of equities analysts have recently commented on ZTO shares. Morgan Stanley reaffirmed an “overweight” rating and set a $30.10 price objective on shares of ZTO Express (Cayman) in a report on Wednesday, May 20th. 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. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of ZTO Express (Cayman) in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $29.55.

ZTO Express (Cayman) Trading Down 0.8%

The company has a 50 day moving average of $23.21 and a 200 day moving average of $23.82. The firm has a market cap of $11.89 billion, a price-to-earnings ratio of 11.47, a price-to-earnings-growth ratio of 0.82 and a beta of -0.22. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.16.

ZTO Express (Cayman) (NYSE:ZTO) last issued its quarterly earnings data on Tuesday, August 18th. The transportation company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.06. ZTO Express (Cayman) had a return on equity of 15.94% and a net margin of 19.03%.The company had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $2.15 billion. ZTO Express (Cayman)’s revenue was up 23.0% on a year-over-year basis. As a group, research analysts anticipate that ZTO Express will post 1.95 EPS for the current year.

Institutional Trading of ZTO Express (Cayman)

Several hedge funds have recently modified their holdings of the company. Arrowstreet Capital Limited Partnership boosted its holdings in shares of ZTO Express (Cayman) by 1,506.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 920,352 shares of the transportation company’s stock valued at $23,165,000 after buying an additional 863,078 shares during the period. Renaissance Technologies LLC boosted its holdings in ZTO Express (Cayman) by 400.2% in the 1st quarter. Renaissance Technologies LLC now owns 618,800 shares of the transportation company’s stock valued at $15,575,000 after purchasing an additional 495,100 shares during the period. Todd Asset Management LLC boosted its holdings in ZTO Express (Cayman) by 17.8% in the 4th quarter. Todd Asset Management LLC now owns 1,697,019 shares of the transportation company’s stock valued at $35,451,000 after purchasing an additional 257,021 shares during the period. OPTIMAS CAPITAL Ltd acquired a new position in shares of ZTO Express (Cayman) during the 4th quarter worth approximately $4,005,000. Finally, Teachers Retirement System of The State of Kentucky increased its holdings in shares of ZTO Express (Cayman) by 20.3% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 1,077,250 shares of the transportation company’s stock worth $22,504,000 after purchasing an additional 181,600 shares during the period. Institutional investors and hedge funds own 41.65% of the company’s stock.

About ZTO Express (Cayman)

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.