Zto Express Sees Unusually High Options Volume (ZTO)
Zto Express Inc (NYSE:ZTO) was the recipient of some unusual options trading activity on Monday. Investors purchased 3,910 put options on the company. This represents an increase of approximately 7,419% compared to the typical volume of 52 put options.
A number of equities analysts recently issued reports on the stock. Daiwa Capital Markets assumed coverage on shares of Zto Express in a research report on Thursday, November 2nd. They issued a “buy” rating and a $18.50 target price for the company. Zacks Investment Research raised shares of Zto Express from a “sell” rating to a “hold” rating in a report on Thursday, October 12th. Macquarie initiated coverage on shares of Zto Express in a report on Tuesday, September 19th. They issued an “outperform” rating and a $17.30 price target for the company. Finally, initiated coverage on shares of Zto Express in a report on Tuesday, August 8th. They issued a “reduce” rating and a $12.50 price target for the company. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $16.66.
Several institutional investors and hedge funds have recently modified their holdings of ZTO. Great West Life Assurance Co. Can increased its holdings in shares of Zto Express by 1.2% in the 2nd quarter. Great West Life Assurance Co. Can now owns 10,123 shares of the transportation company’s stock valued at $141,000 after purchasing an additional 123 shares during the period. Wells Fargo & Company MN increased its holdings in shares of Zto Express by 68.1% in the 1st quarter. Wells Fargo & Company MN now owns 12,292 shares of the transportation company’s stock valued at $160,000 after purchasing an additional 4,979 shares during the period. FMR LLC acquired a new position in shares of Zto Express in the 2nd quarter valued at about $170,000. Profund Advisors LLC acquired a new position in shares of Zto Express in the 2nd quarter valued at about $176,000. Finally, Cubist Systematic Strategies LLC increased its holdings in shares of Zto Express by 211.0% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 13,400 shares of the transportation company’s stock valued at $188,000 after purchasing an additional 9,091 shares during the period. Institutional investors own 25.21% of the company’s stock.
Shares of Zto Express (NYSE:ZTO) opened at $17.01 on Thursday. Zto Express has a 52 week low of $11.14 and a 52 week high of $18.08. The company has a market cap of $12,210.00 and a PE ratio of 30.91.
Zto Express (NYSE:ZTO) last posted its quarterly earnings data on Tuesday, August 22nd. The transportation company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.01. The company had revenue of $2.97 billion during the quarter, compared to analyst estimates of $3.02 billion. Zto Express had a net margin of 22.47% and a return on equity of 13.41%. The firm’s quarterly revenue was up 29.9% compared to the same quarter last year. sell-side analysts predict that Zto Express will post 0.62 EPS for the current fiscal year.
COPYRIGHT VIOLATION WARNING: “Zto Express Sees Unusually High Options Volume (ZTO)” was first posted by Watch List News and is the property of of Watch List News. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of United States and international trademark & copyright law. The legal version of this piece of content can be read at https://www.watchlistnews.com/zto-express-sees-unusually-high-options-volume-zto/1720760.html.
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.
Receive News & Ratings for Zto Express Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zto Express Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.