Zacks Investment Research cut shares of ZTO EXPRESS INC (NYSE:ZTO) from a hold rating to a sell rating in a report published on Wednesday.

According to Zacks, “ZTO Express Inc. is an express delivery company. It provides express delivery service through its nationwide network as well as other value-added logistics services. The Company offers route planning and optimization, waybill tracking system and transportation management system. ZTO Express Inc. is based in Shanghai, China. “

A number of other analysts also recently issued reports on the company. UBS AG initiated coverage on ZTO EXPRESS INC in a research report on Tuesday, July 11th. They issued a buy rating on the stock. CLSA initiated coverage on ZTO EXPRESS INC in a research report on Monday, June 26th. They issued a sell rating on the stock. Finally, HSBC Holdings plc initiated coverage on ZTO EXPRESS INC in a research report on Tuesday, August 8th. They issued a reduce rating and a $12.50 target price on the stock. Three equities research analysts have rated the stock with a sell rating and six have assigned a buy rating to the company. The company has an average rating of Hold and a consensus price target of $17.36.

Shares of ZTO EXPRESS INC (NYSE:ZTO) opened at 13.61 on Wednesday. The firm has a 50-day moving average price of $14.54 and a 200-day moving average price of $13.78. ZTO EXPRESS INC has a 52 week low of $11.14 and a 52 week high of $18.45. The firm has a market capitalization of $9.77 billion and a price-to-earnings ratio of 26.22.

ZTO EXPRESS INC (NYSE:ZTO) last released its earnings results on Tuesday, August 22nd. The transportation company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.01. The business had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $3.02 billion. ZTO EXPRESS INC had a return on equity of 14.83% and a net margin of 22.54%. The company’s quarterly revenue was up 29.9% on a year-over-year basis. On average, equities analysts expect that ZTO EXPRESS INC will post $0.62 earnings per share for the current fiscal year.

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Several hedge funds have recently added to or reduced their stakes in ZTO. Hillhouse Capital Management Ltd. bought a new stake in ZTO EXPRESS INC during the second quarter worth about $158,961,000. Green Court Capital Management Ltd bought a new stake in ZTO EXPRESS INC during the second quarter worth about $81,799,000. Neuberger Berman Group LLC bought a new stake in ZTO EXPRESS INC during the first quarter worth about $59,961,000. Lazard Asset Management LLC increased its stake in ZTO EXPRESS INC by 149.1% in the second quarter. Lazard Asset Management LLC now owns 5,005,803 shares of the transportation company’s stock worth $69,881,000 after buying an additional 2,996,086 shares in the last quarter. Finally, Morgan Stanley increased its stake in ZTO EXPRESS INC by 354.1% in the first quarter. Morgan Stanley now owns 2,631,625 shares of the transportation company’s stock worth $34,447,000 after buying an additional 2,052,111 shares in the last quarter. 22.77% of the stock is currently owned by institutional investors and hedge funds.

About ZTO EXPRESS INC

ZTO Express (Cayman) Inc is an express delivery company in China. The Company provides express delivery service through its nationwide network, as well as other value-added logistics services. The Company provides its services for a range of online merchants and consumers transacting on the Chinese e-commerce platforms, such as Alibaba and JD.com.

Analyst Recommendations for ZTO EXPRESS INC (NYSE:ZTO)

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