ZTO Express (Cayman) (NYSE:ZTO) Upgraded at Macquarie Capit

ZTO Express (Cayman) (NYSE:ZTO) was upgraded by analysts at Macquarie Capit from a “hold” rating to a “strong-buy” rating in a report released on Sunday,Zacks.com reports.

Several other research analysts also 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 research report on Saturday. Weiss Ratings reiterated a “hold (c)” rating on shares of ZTO Express (Cayman) in a research report on Monday, December 29th. Finally, Zacks Research lowered ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 7th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $22.36.

ZTO Express (Cayman) Price Performance

ZTO stock opened at $24.12 on Friday. The company has a market capitalization of $14.22 billion, a P/E ratio of 15.97, a price-to-earnings-growth ratio of 4.54 and a beta of -0.18. ZTO Express has a 12 month low of $16.34 and a 12 month high of $24.33. The firm’s fifty day simple moving average is $21.74 and its 200-day simple moving average is $20.14.

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

Institutional Trading of ZTO Express (Cayman)

Hedge funds and other institutional investors have recently modified their holdings of the business. Royal Bank of Canada raised its stake in shares of ZTO Express (Cayman) by 22.9% in the 1st quarter. Royal Bank of Canada now owns 175,128 shares of the transportation company’s stock valued at $3,475,000 after acquiring an additional 32,663 shares during the period. Integrated Wealth Concepts LLC acquired a new position in ZTO Express (Cayman) during the 1st quarter worth approximately $421,000. Callan Family Office LLC acquired a new position in shares of ZTO Express (Cayman) during the second quarter worth $523,000. Vanguard Personalized Indexing Management LLC boosted its position in shares of ZTO Express (Cayman) by 96.7% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 21,223 shares of the transportation company’s stock worth $377,000 after acquiring an additional 10,436 shares in the last quarter. Finally, Sequoia Financial Advisors LLC purchased a new position in ZTO Express (Cayman) in the second quarter valued at approximately $289,000. 41.65% of the stock is owned by institutional investors and hedge funds.

ZTO Express (Cayman) Company Profile

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.