ZTO Express (Cayman) Inc. (NYSE:ZTO) Receives Consensus Rating of “Moderate Buy” from Analysts

ZTO Express (Cayman) Inc. (NYSE:ZTO) has received an average recommendation of “Moderate Buy” from the five brokerages that are covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $26.05.

Several research firms recently issued reports on ZTO. JPMorgan Chase & Co. lowered shares of ZTO Express (Cayman) from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $29.00 to $22.00 in a research report on Thursday, September 3rd. Zacks Research downgraded shares of ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 5th. Morgan Stanley restated an “overweight” rating and set a $30.10 target price on shares of ZTO Express (Cayman) in a research note on Wednesday, May 20th. Finally, Weiss Ratings downgraded ZTO Express (Cayman) from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, August 31st.

ZTO Express (Cayman) Trading Up 1.4%

Shares of ZTO Express (Cayman) stock opened at $20.89 on Tuesday. The company has a market capitalization of $11.65 billion, a price-to-earnings ratio of 11.23, a PEG ratio of 0.80 and a beta of -0.24. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 0.16. ZTO Express has a 12-month low of $18.11 and a 12-month high of $26.20. The firm’s 50-day moving average price is $22.75 and its two-hundred day moving average price is $23.43.

ZTO Express (Cayman) (NYSE:ZTO) last released its 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 for the quarter, compared to analyst estimates of $2.15 billion. ZTO Express (Cayman) had a net margin of 19.03% and a return on equity of 15.90%. The firm’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 fiscal year.

Institutional Trading of ZTO Express (Cayman)

Several institutional investors and hedge funds have recently modified their holdings of ZTO. Leonteq Securities AG bought a new position in ZTO Express (Cayman) in the fourth quarter valued at about $30,000. Caitong International Asset Management Co. Ltd acquired a new position in ZTO Express (Cayman) during the fourth quarter worth about $42,000. Northwestern Mutual Wealth Management Co. raised its stake in ZTO Express (Cayman) by 2,225.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,604 shares of the transportation company’s stock worth $81,000 after acquiring an additional 3,449 shares in the last quarter. Parallel Advisors LLC lifted its holdings in shares of ZTO Express (Cayman) by 58.4% in the first quarter. Parallel Advisors LLC now owns 5,276 shares of the transportation company’s stock worth $133,000 after acquiring an additional 1,946 shares during the last quarter. Finally, Bayforest Capital Ltd bought a new position in shares of ZTO Express (Cayman) in the second quarter worth about $129,000. 41.65% of the stock is currently owned by institutional investors.

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.