ZTO Express (Cayman) Inc. (NYSE:ZTO) Stock Has Average Price Target of $26.05 According to Brokerages

Shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) have been assigned an average rating of “Moderate Buy” from the six ratings firms that are currently covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $24.70.

Several research analysts have recently commented on the stock. Weiss Ratings lowered shares of ZTO Express (Cayman) from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, August 31st. Zacks Research cut ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 5th. Wall Street Zen cut shares of ZTO Express (Cayman) from a “buy” rating to a “hold” rating in a research note on Saturday. JPMorgan Chase & Co. lowered shares of ZTO Express (Cayman) from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $29.00 to $22.00 in a research report on Thursday, September 3rd. Finally, The Goldman Sachs Group downgraded shares of ZTO Express (Cayman) from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $25.00 to $22.00 in a research report on Wednesday.

Institutional Trading of ZTO Express (Cayman)

A number of hedge funds have recently modified their holdings of ZTO. Sequoia Financial Advisors LLC lifted its holdings in ZTO Express (Cayman) by 6.3% during the 1st quarter. Sequoia Financial Advisors LLC now owns 20,348 shares of the transportation company’s stock valued at $512,000 after purchasing an additional 1,207 shares during the last quarter. GSA Capital Partners LLP lifted its position in shares of ZTO Express (Cayman) by 1.3% during the 2nd quarter. GSA Capital Partners LLP now owns 113,112 shares of the transportation company’s stock valued at $2,531,000 after acquiring an additional 1,422 shares during the period. Confluence Investment Management LLC increased its holdings in ZTO Express (Cayman) by 11.4% in the 2nd quarter. Confluence Investment Management LLC now owns 13,966 shares of the transportation company’s stock valued at $313,000 after buying an additional 1,426 shares during the period. Corient Private Wealth LP raised its position in ZTO Express (Cayman) by 12.1% during the second quarter. Corient Private Wealth LP now owns 15,186 shares of the transportation company’s stock valued at $340,000 after purchasing an additional 1,640 shares in the last quarter. Finally, SmartHarvest Portfolios LLC boosted its stake in ZTO Express (Cayman) by 16.0% in the second quarter. SmartHarvest Portfolios LLC now owns 12,059 shares of the transportation company’s stock valued at $270,000 after buying an additional 1,660 shares in the last quarter. 41.65% of the stock is currently owned by institutional investors and hedge funds.

ZTO Express (Cayman) Price Performance

Shares of ZTO Express (Cayman) stock traded up $0.10 on Friday, hitting $20.12. The company had a trading volume of 1,592,520 shares, compared to its average volume of 3,195,323. 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 company has a market cap of $11.21 billion, a PE ratio of 10.82, a PEG ratio of 0.97 and a beta of -0.19. The business has a 50-day simple moving average of $20.83 and a 200-day simple moving average of $22.76. ZTO Express has a 52 week low of $18.18 and a 52 week high of $26.20.

ZTO Express (Cayman) (NYSE:ZTO) last posted its quarterly earnings results on Saturday, August 15th. The transportation company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.06. The company had revenue of $2.14 billion for the quarter, compared to analysts’ expectations of $2.15 billion. ZTO Express (Cayman) had a return on equity of 15.90% and a net margin of 19.03%. The business’s quarterly revenue was up 23.0% compared to the same quarter last year. Research analysts expect that ZTO Express will post 1.91 EPS for the current fiscal year.

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.