ZTO Express (Cayman) (NYSE:ZTO) Hits New 12-Month High – Here’s Why

ZTO Express (Cayman) Inc. (NYSE:ZTO)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $22.09 and last traded at $22.0050, with a volume of 273840 shares traded. The stock had previously closed at $21.71.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a report on Saturday, December 27th. Zacks Research raised shares of ZTO Express (Cayman) from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 3rd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of ZTO Express (Cayman) in a research note on Monday, December 29th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, ZTO Express (Cayman) has a consensus rating of “Buy” and an average price target of $22.36.

ZTO Express (Cayman) Price Performance

The firm’s 50-day moving average price is $20.35 and its 200-day moving average price is $19.47. The company has a market cap of $12.81 billion, a price-to-earnings ratio of 14.39, a price-to-earnings-growth ratio of 3.92 and a beta of -0.21.

ZTO Express (Cayman) (NYSE:ZTO) last announced its quarterly earnings results on Thursday, November 20th. The transportation company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $2.51 by ($2.08). ZTO Express (Cayman) had a return on equity of 14.33% and a net margin of 18.61%.During the same quarter in the previous year, the firm earned $2.90 EPS. The company’s quarterly revenue was up 11.1% on a year-over-year basis. On average, sell-side analysts anticipate that ZTO Express will post 1.57 earnings per share for the current year.

Hedge Funds Weigh In On ZTO Express (Cayman)

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Tuttle Capital Management LLC acquired a new stake in ZTO Express (Cayman) in the fourth quarter valued at approximately $286,000. Dark Forest Capital Management LP purchased a new position in shares of ZTO Express (Cayman) in the third quarter valued at $497,000. SIH Partners LLLP boosted its stake in shares of ZTO Express (Cayman) by 23.5% in the third quarter. SIH Partners LLLP now owns 438,050 shares of the transportation company’s stock valued at $8,411,000 after purchasing an additional 83,450 shares during the period. Polymer Capital Management HK LTD grew its holdings in ZTO Express (Cayman) by 108.9% during the 3rd quarter. Polymer Capital Management HK LTD now owns 56,555 shares of the transportation company’s stock valued at $1,086,000 after purchasing an additional 29,488 shares in the last quarter. Finally, Integrated Wealth Concepts LLC increased its stake in ZTO Express (Cayman) by 27.8% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 33,742 shares of the transportation company’s stock worth $648,000 after buying an additional 7,337 shares during the period. 41.65% of the stock is owned by institutional investors and hedge funds.

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.