ZTO EXPRESS INC (NYSE:ZTO) Research Coverage Started at UBS AG
UBS AG assumed coverage on shares of ZTO EXPRESS INC (NYSE:ZTO) in a research report report published on Tuesday, July 11th, The Fly reports. The brokerage issued a buy rating on the transportation company’s stock.
ZTO has been the topic of several other reports. Zacks Investment Research lowered ZTO EXPRESS INC from a hold rating to a sell rating in a research note on Friday, May 26th. CLSA started coverage on ZTO EXPRESS INC in a research note on Monday, June 26th. They set a sell rating on the stock. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average price target of $18.17.
ZTO EXPRESS INC (NYSE:ZTO) traded up 3.02% during trading on Tuesday, reaching $15.03. The company’s stock had a trading volume of 2,117,161 shares. The company’s 50-day moving average is $14.73 and its 200-day moving average is $13.66. ZTO EXPRESS INC has a 1-year low of $11.14 and a 1-year high of $18.45. The company has a market capitalization of $10.83 billion and a P/E ratio of 32.75.
ZTO EXPRESS INC (NYSE:ZTO) last issued its quarterly earnings results on Wednesday, May 17th. The transportation company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.01. The firm had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.58 billion. The business’s revenue for the quarter was up 33.5% compared to the same quarter last year. Equities analysts anticipate that ZTO EXPRESS INC will post $0.62 EPS for the current year.
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Several hedge funds and other institutional investors have recently made changes to their positions in ZTO. Dynamic Technology Lab Private Ltd acquired a new position in shares of ZTO EXPRESS INC during the first quarter valued at approximately $137,000. Great West Life Assurance Co. Can increased its position in shares of ZTO EXPRESS INC by 1.2% in the second quarter. Great West Life Assurance Co. Can now owns 10,123 shares of the transportation company’s stock valued at $141,000 after buying an additional 123 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of ZTO EXPRESS INC by 68.1% in the first quarter. Wells Fargo & Company MN now owns 12,292 shares of the transportation company’s stock valued at $160,000 after buying an additional 4,979 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new position in shares of ZTO EXPRESS INC during the first quarter valued at approximately $212,000. Finally, Creative Planning increased its position in shares of ZTO EXPRESS INC by 3,817.8% in the second quarter. Creative Planning now owns 15,671 shares of the transportation company’s stock valued at $219,000 after buying an additional 15,271 shares during the last quarter. 20.32% 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.
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