ZTO Express (Cayman) (NYSE:ZTO) Sees Unusually-High Trading Volume – What’s Next?

ZTO Express (Cayman) Inc. (NYSE:ZTO) saw unusually-strong trading volume on Monday . Approximately 2,978,671 shares traded hands during mid-day trading, an increase of 8% from the previous session’s volume of 2,769,367 shares.The stock last traded at $18.92 and had previously closed at $18.67.

Analyst Ratings Changes

Several research analysts have weighed in on ZTO shares. HSBC raised ZTO Express (Cayman) from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a research report on Monday, April 14th. StockNews.com raised ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a research report on Wednesday, March 26th. Hsbc Global Res upgraded ZTO Express (Cayman) from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 14th. Finally, JPMorgan Chase & Co. lowered ZTO Express (Cayman) from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $25.00 to $23.00 in a research note on Thursday, March 20th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $23.28.

ZTO Express (Cayman) Stock Performance

The firm has a market capitalization of $11.32 billion, a P/E ratio of 13.05, a price-to-earnings-growth ratio of 1.03 and a beta of -0.14. The business has a 50 day simple moving average of $19.04 and a two-hundred day simple moving average of $19.45.

ZTO Express (Cayman) (NYSE:ZTO) last announced its earnings results on Tuesday, March 18th. The transportation company reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.02). The business had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $11.73 billion. ZTO Express (Cayman) had a return on equity of 15.44% and a net margin of 20.56%. On average, equities analysts anticipate that ZTO Express will post 1.57 earnings per share for the current fiscal year.

ZTO Express (Cayman) Announces Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Tuesday, April 29th. Stockholders of record on Thursday, April 10th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Thursday, April 10th. This represents a dividend yield of 4.7%. ZTO Express (Cayman)’s dividend payout ratio (DPR) is presently 45.95%.

Hedge Funds Weigh In On ZTO Express (Cayman)

Several institutional investors have recently modified their holdings of ZTO. UMB Bank n.a. increased its position in shares of ZTO Express (Cayman) by 106.4% during the 1st quarter. UMB Bank n.a. now owns 1,288 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 664 shares during the last quarter. First Horizon Advisors Inc. increased its position in shares of ZTO Express (Cayman) by 70.8% during the 1st quarter. First Horizon Advisors Inc. now owns 2,132 shares of the transportation company’s stock valued at $42,000 after purchasing an additional 884 shares during the last quarter. Brooklyn Investment Group increased its position in shares of ZTO Express (Cayman) by 443,600.0% during the 1st quarter. Brooklyn Investment Group now owns 4,437 shares of the transportation company’s stock valued at $88,000 after purchasing an additional 4,436 shares during the last quarter. Blue Trust Inc. increased its position in shares of ZTO Express (Cayman) by 119.8% during the 4th quarter. Blue Trust Inc. now owns 5,061 shares of the transportation company’s stock valued at $99,000 after purchasing an additional 2,758 shares during the last quarter. Finally, U S Global Investors Inc. increased its position in shares of ZTO Express (Cayman) by 47.0% during the 1st quarter. U S Global Investors Inc. now owns 10,101 shares of the transportation company’s stock valued at $200,000 after purchasing an additional 3,229 shares during the last quarter. 41.65% of the stock is currently owned by institutional investors.

ZTO Express (Cayman) Company Profile

ZTO Express (Cayman) Inc provides express delivery and other value-added logistics services in the People's Republic of China. It offers freight forwarding services; and delivery services for e-commerce and traditional merchants, and other express service users. The company was founded in 2002 and is headquartered in Shanghai, the People's Republic of China.