ZTO Express (Cayman) (NYSE:ZTO) Stock Rating Upgraded by Wall Street Zen

ZTO Express (Cayman) (NYSE:ZTO) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Sunday, Wall Street Zen reports.

A number of other equities research analysts have also recently commented on ZTO. Weiss Ratings cut shares of ZTO Express (Cayman) from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, August 31st. JPMorgan Chase & Co. lowered ZTO Express (Cayman) from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $29.00 to $22.00 in a report on Thursday, September 3rd. Finally, Zacks Research lowered ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, ZTO Express (Cayman) presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.05.

ZTO Express (Cayman) Stock Performance

Shares of ZTO Express (Cayman) stock opened at $19.66 on Friday. The firm’s fifty day simple moving average is $21.97 and its 200-day simple moving average is $23.18. The stock has a market capitalization of $10.96 billion, a price-to-earnings ratio of 10.57, a PEG ratio of 0.76 and a beta of -0.24. ZTO Express has a 12 month low of $18.11 and a 12 month high of $26.20. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.67 and a quick ratio of 1.67.

ZTO Express (Cayman) (NYSE:ZTO) last released its quarterly earnings results on Saturday, August 15th. The transportation company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.50 by $0.06. The firm had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.15 billion. ZTO Express (Cayman) had a net margin of 19.03% and a return on equity of 15.90%. The business’s revenue for the quarter was up 23.0% on a year-over-year basis. As a group, equities analysts forecast that ZTO Express will post 1.91 earnings per share for the current year.

Hedge Funds Weigh In On ZTO Express (Cayman)

Institutional investors have recently bought and sold shares of the company. Squarepoint Ops LLC raised its position in ZTO Express (Cayman) by 18.5% during the 2nd quarter. Squarepoint Ops LLC now owns 40,261 shares of the transportation company’s stock worth $901,000 after buying an additional 6,297 shares during the last quarter. Nykredit A S purchased a new stake in shares of ZTO Express (Cayman) in the second quarter valued at about $328,000. Allianz Asset Management GmbH purchased a new stake in shares of ZTO Express (Cayman) in the second quarter valued at about $780,000. Corient Private Wealth LP boosted its holdings in shares of ZTO Express (Cayman) by 12.1% in the second quarter. Corient Private Wealth LP now owns 15,186 shares of the transportation company’s stock valued at $340,000 after acquiring an additional 1,640 shares in the last quarter. Finally, HighTower Advisors LLC acquired a new position in shares of ZTO Express (Cayman) during the second quarter worth about $234,000. 41.65% of the stock is owned by institutional investors and hedge funds.

ZTO Express (Cayman) Company Profile

ZTO Express (Cayman) Inc is a China-based express delivery and logistics company. Through its operating network, the company provides parcel collection, sorting, transportation and delivery services for e-commerce merchants, businesses and individual customers.

ZTO’s services primarily cover domestic express delivery in China and are supported by distribution hubs, sorting facilities, transportation routes, delivery outlets and third-party network partners. The company also offers logistics-related services, including freight forwarding and other supply-chain solutions, while serving the needs of China’s growing online retail market.

Founded in 2002, ZTO has expanded its operations alongside the development of China’s e-commerce sector.