ZTO Express (Cayman) (NYSE:ZTO) Lowered to “Hold” Rating by Wall Street Zen

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

A number of other analysts have also recently issued reports on the stock. 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. JPMorgan Chase & Co. lowered shares of ZTO Express (Cayman) from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $29.00 to $22.00 in a research note on Thursday, September 3rd. Finally, Weiss Ratings downgraded shares of ZTO Express (Cayman) from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, August 31st. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $26.05.

ZTO Express (Cayman) Stock Up 0.6%

ZTO opened at $20.98 on Friday. ZTO Express has a fifty-two week low of $18.11 and a fifty-two week high of $26.20. The business has a 50-day moving average of $22.53 and a 200-day moving average of $23.33. 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 capitalization of $11.69 billion, a PE ratio of 11.28, a price-to-earnings-growth ratio of 0.81 and a beta of -0.24.

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, beating the consensus estimate of $0.50 by $0.06. ZTO Express (Cayman) had a return on equity of 15.90% and a net margin of 19.03%.The business had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $2.15 billion. The company’s revenue was up 23.0% on a year-over-year basis. Equities research analysts forecast that ZTO Express will post 1.91 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Arrowstreet Capital Limited Partnership lifted its holdings in ZTO Express (Cayman) by 1,506.9% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 920,352 shares of the transportation company’s stock worth $23,165,000 after purchasing an additional 863,078 shares during the last quarter. Renaissance Technologies LLC boosted its position in 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 purchasing an additional 495,100 shares during the period. Todd Asset Management LLC grew its holdings in ZTO Express (Cayman) by 17.8% during the fourth quarter. Todd Asset Management LLC now owns 1,697,019 shares of the transportation company’s stock valued at $35,451,000 after purchasing an additional 257,021 shares during the last quarter. OPTIMAS CAPITAL Ltd acquired a new position in ZTO Express (Cayman) during the fourth quarter valued at approximately $4,005,000. Finally, Sei Investments Co. raised its position in shares of ZTO Express (Cayman) by 575.6% in the first quarter. Sei Investments Co. now owns 211,401 shares of the transportation company’s stock valued at $5,321,000 after purchasing an additional 180,110 shares during the period. 41.65% of the stock is owned by institutional investors.

ZTO Express (Cayman) Company Profile

ZTO Express (Cayman) Inc is a China-based express delivery and logistics company. Through its operating network, the company provides parcel collection, sorting, transportation and delivery services for e-commerce merchants, businesses and individual customers.

ZTO’s services primarily cover domestic express delivery in China and are supported by distribution hubs, sorting facilities, transportation routes, delivery outlets and third-party network partners. The company also offers logistics-related services, including freight forwarding and other supply-chain solutions, while serving the needs of China’s growing online retail market.

Founded in 2002, ZTO has expanded its operations alongside the development of China’s e-commerce sector.