JPMorgan Chase & Co. Downgrades ZTO Express (Cayman) (NYSE:ZTO) to Neutral

ZTO Express (Cayman) (NYSE:ZTO) was downgraded by research analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a report released on Thursday, Marketbeat reports. They currently have a $22.00 price objective on the transportation company’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 4.89% from the stock’s previous close.

ZTO has been the topic of several other reports. Morgan Stanley restated an “overweight” rating and set a $30.10 price objective on shares of ZTO Express (Cayman) in a research note on Wednesday, May 20th. Zacks Research downgraded ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 5th. Finally, Weiss Ratings downgraded ZTO Express (Cayman) from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.05.

ZTO Express (Cayman) Stock Down 0.4%

ZTO stock opened at $20.98 on Thursday. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 0.16. The firm has a 50 day simple moving average of $23.02 and a 200-day simple moving average of $23.67. The company has a market capitalization of $11.69 billion, a P/E ratio of 11.28, a PEG ratio of 0.82 and a beta of -0.24. ZTO Express has a twelve month low of $17.86 and a twelve month high of $26.20.

ZTO Express (Cayman) (NYSE:ZTO) last posted its quarterly earnings results on Tuesday, August 18th. The transportation company reported $0.56 earnings per share (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 analysts’ expectations 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% compared to the same quarter last year. On average, equities research analysts predict that ZTO Express will post 1.9 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ZTO Express (Cayman)

Several large investors have recently made changes to their positions in ZTO. Caitong International Asset Management Co. Ltd acquired a new stake in shares of ZTO Express (Cayman) in the fourth quarter valued at approximately $25,000. Leonteq Securities AG acquired a new position in shares of ZTO Express (Cayman) during the fourth quarter worth approximately $30,000. Atlas Capital Advisors Inc. bought a new position in ZTO Express (Cayman) in the 4th quarter worth approximately $35,000. Smartleaf Asset Management LLC grew its holdings in ZTO Express (Cayman) by 61.4% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,021 shares of the transportation company’s stock worth $36,000 after buying an additional 769 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in ZTO Express (Cayman) by 156.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,489 shares of the transportation company’s stock valued at $62,000 after acquiring an additional 2,127 shares during the period. Institutional investors and hedge funds own 41.65% of the company’s stock.

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.