ZTO Express (NYSE:ZTO) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.
According to Zacks, “ZTO Express Inc. is an express delivery company. It provides express delivery service through its nationwide network as well as other value-added logistics services. The Company offers route planning and optimization, waybill tracking system and transportation management system. ZTO Express Inc. is based in Shanghai, China. “
Separately, CLSA upgraded shares of ZTO Express from a “sell” rating to an “underperform” rating in a research report on Thursday, May 10th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $16.33.
ZTO Express opened at $17.46 on Wednesday, Marketbeat reports. ZTO Express has a 12-month low of $17.24 and a 12-month high of $17.47. The stock has a market cap of $8.79 billion, a P/E ratio of 25.30 and a beta of 0.07.
ZTO Express (NYSE:ZTO) last released its quarterly earnings data on Wednesday, May 9th. The transportation company reported $0.12 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.12. ZTO Express had a net margin of 22.89% and a return on equity of 15.56%. The firm had revenue of $565.06 million during the quarter. analysts predict that ZTO Express will post 0.89 EPS for the current year.
Institutional investors and hedge funds have recently made changes to their positions in the business. Lazard Asset Management LLC increased its position in shares of ZTO Express by 30.1% during the fourth quarter. Lazard Asset Management LLC now owns 6,558,337 shares of the transportation company’s stock valued at $103,949,000 after acquiring an additional 1,516,114 shares during the last quarter. Neumann Advisory Hong Kong Ltd acquired a new stake in shares of ZTO Express during the fourth quarter valued at about $2,660,000. Ontario Teachers Pension Plan Board acquired a new stake in shares of ZTO Express during the fourth quarter valued at about $14,741,000. Tower Research Capital LLC TRC increased its position in shares of ZTO Express by 281.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 6,500 shares of the transportation company’s stock valued at $103,000 after acquiring an additional 4,795 shares during the last quarter. Finally, Comerica Bank acquired a new stake in shares of ZTO Express during the fourth quarter valued at about $492,000. Institutional investors and hedge funds own 28.82% of the company’s stock.
ZTO Express Company Profile
ZTO Express (Cayman) Inc, through its subsidiaries, provides express delivery and other value-added logistics services in China. It offers delivery services for e-commerce merchants, traditional merchants, and other express service users, as well as through business partners. As of December 31, 2016, the company operated a fleet of approximately 2,900 self-owned trucks.
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