ZTO Express (Cayman) (NYSE:ZTO) Stock Dropped to Hold by Wall Street Zen

Wall Street Zen cut shares of ZTO Express (Cayman) (NYSE:ZTO) from a buy rating to a hold rating in a research report released on Saturday morning,Wall Street Zen reports.

Several other research firms have also recently weighed in on ZTO. The Goldman Sachs Group cut shares of ZTO Express (Cayman) from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $25.00 to $22.00 in a research report on Wednesday. Weiss Ratings lowered shares of ZTO Express (Cayman) from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, August 31st. JPMorgan Chase & Co. cut shares of ZTO Express (Cayman) from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $29.00 to $22.00 in a research note on Thursday, September 3rd. Finally, Zacks Research cut shares of ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $24.70.

ZTO Express (Cayman) Stock Up 0.5%

ZTO opened at $20.12 on Friday. ZTO Express has a fifty-two week low of $18.18 and a fifty-two week high of $26.20. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.67 and a quick ratio of 1.67. The firm’s fifty day moving average price is $20.83 and its two-hundred day moving average price is $22.76. The company has a market capitalization of $11.21 billion, a P/E ratio of 10.82, a P/E/G ratio of 0.98 and a beta of -0.19.

ZTO Express (Cayman) (NYSE:ZTO) last announced its quarterly earnings results on Saturday, August 15th. The transportation company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.06. The firm had revenue of $2.14 billion during 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 company’s quarterly revenue was up 23.0% on a year-over-year basis. On average, analysts anticipate that ZTO Express will post 1.91 EPS for the current year.

Institutional Investors Weigh In On ZTO Express (Cayman)

A number of institutional investors have recently made changes to their positions in the stock. Todd Asset Management LLC raised its holdings in ZTO Express (Cayman) by 10.4% during the 2nd quarter. Todd Asset Management LLC now owns 1,891,052 shares of the transportation company’s stock worth $42,322,000 after buying an additional 178,235 shares during the period. Arrowstreet Capital Limited Partnership increased its position in shares of ZTO Express (Cayman) by 1,506.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 920,352 shares of the transportation company’s stock worth $23,165,000 after acquiring an additional 863,078 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of ZTO Express (Cayman) by 400.2% during the first quarter. Renaissance Technologies LLC now owns 618,800 shares of the transportation company’s stock worth $15,575,000 after acquiring an additional 495,100 shares during the period. Hsbc Holdings PLC raised its holdings in shares of ZTO Express (Cayman) by 93.9% during the fourth quarter. Hsbc Holdings PLC now owns 249,469 shares of the transportation company’s stock worth $5,211,000 after acquiring an additional 120,835 shares during the period. Finally, Icon Advisers Inc. Co. raised its holdings in shares of ZTO Express (Cayman) by 20.0% during the first quarter. Icon Advisers Inc. Co. now owns 240,000 shares of the transportation company’s stock worth $6,041,000 after acquiring an additional 40,000 shares during the period. 41.65% of the stock is owned by institutional investors and hedge funds.

ZTO Express (Cayman) Company Profile

ZTO Express (Cayman) Inc is a China-based express delivery and logistics company. Through its network of sorting centers, transportation routes and service outlets, the company provides parcel collection, sorting, line-haul transportation and last-mile delivery services for e-commerce merchants, businesses and individual customers.

The company also offers related logistics services, including freight delivery, supply-chain solutions, international logistics and cloud-based warehouse services.