ZTO Express (Cayman) Inc. (NYSE:ZTO) Receives $22.36 Average Target Price from Analysts

ZTO Express (Cayman) Inc. (NYSE:ZTO) has been given an average recommendation of “Moderate Buy” by the seven brokerages that are covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $22.36.

ZTO has been the topic of several research analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of ZTO Express (Cayman) in a research note on Monday, December 29th. Wall Street Zen upgraded shares of ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a research report on Saturday, December 27th. Finally, Zacks Research downgraded shares of ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 7th.

Institutional Trading of ZTO Express (Cayman)

A number of institutional investors and hedge funds have recently made changes to their positions in ZTO. Capitolis Liquid Global Markets LLC bought a new stake in shares of ZTO Express (Cayman) in the 3rd quarter worth approximately $25,672,000. Mackenzie Financial Corp acquired a new stake in ZTO Express (Cayman) in the second quarter worth $12,604,000. Crossmark Global Holdings Inc. lifted its stake in ZTO Express (Cayman) by 2,573.3% in the third quarter. Crossmark Global Holdings Inc. now owns 612,738 shares of the transportation company’s stock valued at $11,765,000 after buying an additional 589,817 shares during the last quarter. Norges Bank acquired a new position in shares of ZTO Express (Cayman) during the second quarter valued at $7,446,000. Finally, Pzena Investment Management LLC boosted its holdings in shares of ZTO Express (Cayman) by 4.9% during the third quarter. Pzena Investment Management LLC now owns 7,999,407 shares of the transportation company’s stock valued at $153,589,000 after acquiring an additional 376,179 shares during the period. 41.65% of the stock is currently owned by institutional investors and hedge funds.

ZTO Express (Cayman) Stock Performance

Shares of ZTO stock opened at $21.88 on Thursday. The stock has a market capitalization of $12.89 billion, a price-to-earnings ratio of 14.49, a PEG ratio of 4.09 and a beta of -0.21. ZTO Express has a one year low of $16.34 and a one year high of $22.26. The company’s 50-day simple moving average is $20.53 and its 200-day simple moving average is $19.57.

ZTO Express (Cayman) (NYSE:ZTO) last announced its quarterly earnings data on Thursday, November 20th. The transportation company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.51 by ($2.08). ZTO Express (Cayman) had a net margin of 18.61% and a return on equity of 14.33%. The firm’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period last year, the firm posted $2.90 EPS. As a group, research analysts forecast that ZTO Express will post 1.57 EPS for the current year.

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.