ZTO Express (Cayman) (NYSE:ZTO) Raised to Buy at Wall Street Zen

ZTO Express (Cayman) (NYSE:ZTO) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday.

Other research analysts also recently issued research reports about the stock. Zacks Research upgraded shares of ZTO Express (Cayman) from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of ZTO Express (Cayman) in a research report on Monday, December 22nd. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $22.36.

ZTO Express (Cayman) Stock Performance

Shares of NYSE:ZTO opened at $21.25 on Friday. ZTO Express has a 52-week low of $16.34 and a 52-week high of $22.01. The business’s 50 day simple moving average is $20.00 and its two-hundred day simple moving average is $19.26. The firm has a market cap of $12.71 billion, a P/E ratio of 14.07, a PEG ratio of 4.24 and a beta of -0.20.

ZTO Express (Cayman) (NYSE:ZTO) last released its quarterly earnings data on Thursday, November 20th. The transportation company reported $0.43 EPS for the quarter, missing the consensus estimate of $2.51 by ($2.08). ZTO Express (Cayman) had a net margin of 18.61% and a return on equity of 14.33%. During the same period in the prior year, the company posted $2.90 EPS. ZTO Express (Cayman)’s revenue was up 11.1% compared to the same quarter last year. On average, equities analysts forecast that ZTO Express will post 1.57 earnings per share for the current fiscal year.

Institutional Trading of ZTO Express (Cayman)

Several institutional investors and hedge funds have recently made changes to their positions in ZTO. Legacy Wealth Asset Management LLC boosted its holdings in ZTO Express (Cayman) by 0.5% during the third quarter. Legacy Wealth Asset Management LLC now owns 137,761 shares of the transportation company’s stock worth $2,645,000 after purchasing an additional 686 shares during the last quarter. CWM LLC lifted its position in shares of ZTO Express (Cayman) by 42.2% during the 3rd quarter. CWM LLC now owns 2,341 shares of the transportation company’s stock worth $45,000 after buying an additional 695 shares in the last quarter. U S Global Investors Inc. boosted its stake in shares of ZTO Express (Cayman) by 5.1% in the 3rd quarter. U S Global Investors Inc. now owns 14,764 shares of the transportation company’s stock worth $283,000 after buying an additional 716 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of 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 during the last quarter. Finally, One Wealth Advisors LLC grew its holdings in shares of ZTO Express (Cayman) by 6.6% in the second quarter. One Wealth Advisors LLC now owns 12,741 shares of the transportation company’s stock valued at $226,000 after acquiring an additional 790 shares in the last quarter. Hedge funds and other institutional investors own 41.65% of the company’s stock.

About ZTO Express (Cayman)

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.