ZTO Express (Cayman) Inc (NYSE:ZTO) was the recipient of a large drop in short interest during the month of June. As of June 30th, there was short interest totalling 18,285,300 shares, a drop of 11.4% from the May 30th total of 20,637,500 shares. Currently, 3.4% of the company’s shares are short sold. Based on an average daily volume of 2,580,000 shares, the short-interest ratio is currently 7.1 days.

Shares of NYSE:ZTO opened at $19.82 on Friday. The stock has a market capitalization of $10.04 billion, a price-to-earnings ratio of 25.74 and a beta of 0.83. ZTO Express has a 1 year low of $14.69 and a 1 year high of $22.67. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.55 and a quick ratio of 3.55. The stock’s 50-day simple moving average is $18.72.

ZTO Express (Cayman) (NYSE:ZTO) last announced its quarterly earnings data on Wednesday, May 15th. The transportation company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). ZTO Express (Cayman) had a net margin of 24.23% and a return on equity of 13.28%. The business had revenue of $4.57 billion during the quarter, compared to analyst estimates of $4.48 billion. During the same quarter last year, the firm posted $0.78 EPS. The company’s revenue for the quarter was up 29.0% on a year-over-year basis. As a group, equities analysts forecast that ZTO Express will post 0.88 earnings per share for the current fiscal year.

A number of hedge funds have recently modified their holdings of ZTO. BlackRock Inc. grew its stake in shares of ZTO Express (Cayman) by 3,986.0% in the first quarter. BlackRock Inc. now owns 14,713,798 shares of the transportation company’s stock worth $268,969,000 after acquiring an additional 14,353,692 shares in the last quarter. Norges Bank purchased a new position in ZTO Express (Cayman) in the fourth quarter valued at $59,262,000. Ward Ferry Management BVI Ltd acquired a new position in ZTO Express (Cayman) during the 1st quarter worth $41,375,000. TB Alternative Assets Ltd. grew its stake in ZTO Express (Cayman) by 253.5% during the 1st quarter. TB Alternative Assets Ltd. now owns 2,701,222 shares of the transportation company’s stock worth $49,378,000 after purchasing an additional 1,937,019 shares in the last quarter. Finally, Segantii Capital Management Ltd purchased a new stake in ZTO Express (Cayman) during the 1st quarter worth about $21,607,000. 39.20% of the stock is owned by institutional investors.

A number of research analysts have commented on the company. Zacks Investment Research cut GreenTree Hospitality Group from a “buy” rating to a “hold” rating in a research note on Monday, May 20th. TheStreet raised ZTO Express (Cayman) from a “c+” rating to a “b” rating in a research note on Thursday, May 16th. Finally, UBS Group set a $36.00 price objective on Halliburton and gave the company a “buy” rating in a report on Tuesday, April 23rd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $21.50.

About ZTO Express (Cayman)

ZTO Express (Cayman) Inc provides express delivery and other value-added logistics services in the People's Republic of China. The company offers delivery services for e-commerce and traditional merchants, and other express service users. As of December 31, 2017, it operated a fleet of approximately 3,600 self-owned trucks.

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