ZTO Express (Cayman) (NYSE:ZTO) Upgraded to Buy at Wall Street Zen

Wall Street Zen upgraded shares of ZTO Express (Cayman) (NYSE:ZTO) from a hold rating to a buy rating in a report published on Saturday,Wall Street Zen reports.

Several other analysts have also recently weighed in on ZTO. JPMorgan Chase & Co. cut shares of ZTO Express (Cayman) from an “overweight” rating to a “neutral” rating and cut their price target for the company from $29.00 to $22.00 in a report on Thursday, September 3rd. Weiss Ratings lowered shares of ZTO Express (Cayman) from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, August 31st. Zacks Research lowered shares of ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 5th. Finally, The Goldman Sachs Group cut shares of ZTO Express (Cayman) from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $25.00 to $22.00 in a research report on Wednesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $24.70.

ZTO Express (Cayman) Trading Up 0.1%

NYSE ZTO opened at $20.78 on Friday. ZTO Express has a fifty-two week low of $18.31 and a fifty-two week high of $26.20. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.67 and a current ratio of 1.67. The stock has a 50 day simple moving average of $20.24 and a two-hundred day simple moving average of $22.80. The stock has a market cap of $11.58 billion, a P/E ratio of 11.17, a price-to-earnings-growth ratio of 1.01 and a beta of -0.18.

ZTO Express (Cayman) (NYSE:ZTO) last issued its quarterly earnings data on Saturday, August 15th. The transportation company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.06. The firm had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.15 billion. ZTO Express (Cayman) had a return on equity of 15.90% and a net margin of 19.03%. ZTO Express (Cayman)’s quarterly revenue was up 23.0% on a year-over-year basis. On average, analysts forecast that ZTO Express will post 1.91 earnings per share for the current year.

Hedge Funds Weigh In On ZTO Express (Cayman)

Several large investors have recently made changes to their positions in the business. Todd Asset Management LLC grew its stake in shares of ZTO Express (Cayman) by 10.4% in the 2nd quarter. Todd Asset Management LLC now owns 1,891,052 shares of the transportation company’s stock worth $42,322,000 after buying an additional 178,235 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in ZTO Express (Cayman) by 1,506.9% during the 1st 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 in the last quarter. Renaissance Technologies LLC raised its stake in ZTO Express (Cayman) by 400.2% during the first quarter. Renaissance Technologies LLC now owns 618,800 shares of the transportation company’s stock valued at $15,575,000 after buying an additional 495,100 shares during the last quarter. Icon Advisers Inc. Co. raised its stake in ZTO Express (Cayman) by 20.0% during the first quarter. Icon Advisers Inc. Co. now owns 240,000 shares of the transportation company’s stock valued at $6,041,000 after buying an additional 40,000 shares during the last quarter. Finally, Virtus Family Office LLC raised its stake in ZTO Express (Cayman) by 5.7% during the second quarter. Virtus Family Office LLC now owns 226,163 shares of the transportation company’s stock valued at $5,062,000 after buying an additional 12,227 shares during the last quarter. 41.65% of the stock is currently owned by hedge funds and other institutional investors.

ZTO Express (Cayman) Company Profile

ZTO Express (Cayman) Inc is a China-based express delivery and logistics company. It provides parcel collection, sorting, transportation and delivery services, serving e-commerce businesses, merchants and individual customers.

The company operates a network of service outlets, transportation partners and sorting hubs across China. Its services also include freight forwarding, warehousing and cross-border logistics through its international business.

Founded in 2002, ZTO is headquartered in Shanghai.