Zto Express Inc (ZTO) Earns Buy Rating from Analysts at Daiwa Capital Markets
Daiwa Capital Markets started coverage on shares of Zto Express Inc (NYSE:ZTO) in a research note released on Thursday. The firm issued a buy rating and a $18.50 target price on the transportation company’s stock.
Several other brokerages have also recently commented on ZTO. Zacks Investment Research upgraded shares of Zto Express from a sell rating to a hold rating in a research report on Tuesday, July 25th. HSBC Holdings plc assumed coverage on shares of Zto Express in a research report on Tuesday, August 8th. They issued a reduce rating and a $12.50 price target on the stock. Macquarie assumed coverage on shares of Zto Express in a research report on Tuesday, September 19th. They issued an outperform rating and a $17.30 price target on the stock. Finally, UBS AG assumed coverage on shares of Zto Express in a research report on Tuesday, July 11th. They issued a buy rating on the stock. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average price target of $17.79.
Shares of Zto Express (NYSE ZTO) opened at $16.58 on Thursday. Zto Express has a 1 year low of $11.14 and a 1 year high of $17.17. The company has a market cap of $8,709.57 and a PE ratio of 31.88.
Zto Express (NYSE:ZTO) last issued its quarterly earnings results on Tuesday, August 22nd. The transportation company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.14 by $0.01. Zto Express had a net margin of 22.54% and a return on equity of 14.83%. The firm had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $3.02 billion. Zto Express’s revenue for the quarter was up 29.9% on a year-over-year basis. sell-side analysts expect that Zto Express will post 0.62 EPS for the current fiscal year.
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A number of hedge funds and other institutional investors have recently bought and sold shares of ZTO. Wells Fargo & Company MN raised its holdings in Zto Express by 68.1% during the 1st quarter. Wells Fargo & Company MN now owns 12,292 shares of the transportation company’s stock worth $160,000 after buying an additional 4,979 shares during the period. Parametric Portfolio Associates LLC acquired a new stake in Zto Express during the 1st quarter worth about $366,000. Teachers Advisors LLC acquired a new stake in Zto Express during the 1st quarter worth about $10,870,000. UBS Group AG raised its holdings in Zto Express by 4,065.1% during the 1st quarter. UBS Group AG now owns 136,365 shares of the transportation company’s stock worth $1,785,000 after buying an additional 133,091 shares during the period. Finally, Oppenheimer Asset Management Inc. acquired a new stake in Zto Express during the 1st quarter worth about $212,000. Hedge funds and other institutional investors own 22.84% of the company’s stock.
Zto Express Company Profile
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.
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