ZTO Express (Cayman) (NYSE:ZTO) Trading 2.9% Higher – Still a Buy?

ZTO Express (Cayman) Inc. (NYSE:ZTO) shares were up 2.9% on Monday . The stock traded as high as $18.76 and last traded at $18.70. Approximately 512,832 shares were traded during mid-day trading, a decline of 83% from the average daily volume of 3,006,439 shares. The stock had previously closed at $18.17.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. StockNews.com raised shares of ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a report on Wednesday, March 26th. HSBC lowered ZTO Express (Cayman) from a “buy” rating to a “hold” rating and cut their target price for the company from $28.00 to $20.00 in a research note on Tuesday, January 21st. JPMorgan Chase & Co. downgraded ZTO Express (Cayman) from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $25.00 to $23.00 in a report on Thursday, March 20th. Finally, Hsbc Global Res downgraded shares of ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 21st. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $22.78.

ZTO Express (Cayman) Trading Down 0.6 %

The business’s fifty day simple moving average is $19.73 and its 200 day simple moving average is $20.79. The stock has a market cap of $10.81 billion, a price-to-earnings ratio of 12.46, a price-to-earnings-growth ratio of 1.03 and a beta of -0.03.

ZTO Express (Cayman) (NYSE:ZTO) last posted its earnings results on Tuesday, March 18th. The transportation company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $1.77 billion for the quarter, compared to analyst estimates of $11.73 billion. As a group, research analysts anticipate that ZTO Express will post 1.57 earnings per share for the current year.

ZTO Express (Cayman) Announces Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Thursday, April 10th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a dividend yield of 4.7%. ZTO Express (Cayman)’s dividend payout ratio (DPR) is currently 45.95%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of ZTO. Charles Schwab Investment Management Inc. lifted its stake in ZTO Express (Cayman) by 112.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 187,114 shares of the transportation company’s stock valued at $4,635,000 after acquiring an additional 98,877 shares in the last quarter. Cerity Partners LLC raised its stake in ZTO Express (Cayman) by 3.7% in the 3rd quarter. Cerity Partners LLC now owns 18,913 shares of the transportation company’s stock valued at $468,000 after acquiring an additional 674 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of ZTO Express (Cayman) during the 3rd quarter worth about $46,000. Point72 DIFC Ltd bought a new stake in shares of ZTO Express (Cayman) during the third quarter worth approximately $26,000. Finally, Stifel Financial Corp boosted its stake in ZTO Express (Cayman) by 8.5% in the 3rd quarter. Stifel Financial Corp now owns 36,952 shares of the transportation company’s stock valued at $915,000 after purchasing an additional 2,888 shares during the period. Institutional investors 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.