Zto Express Inc (ZTO) Given Average Recommendation of “Hold” by Brokerages
Zto Express Inc (NYSE:ZTO) has received a consensus recommendation of “Hold” from the nine brokerages that are presently covering the company, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation and six have issued a buy recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $17.75.
Several brokerages have issued reports on ZTO. Zacks Investment Research cut shares of Zto Express from a “hold” rating to a “sell” rating in a research note on Wednesday, August 23rd. HSBC Holdings plc began coverage on shares of Zto Express in a research note on Tuesday, August 8th. They set a “reduce” rating and a $12.50 target price on the stock. UBS AG began coverage on shares of Zto Express in a research note on Tuesday, July 11th. They set a “buy” rating on the stock. Finally, CLSA began coverage on shares of Zto Express in a research note on Monday, June 26th. They set a “sell” rating on the stock.
Zto Express (NYSE ZTO) traded up 1.05% during mid-day trading on Tuesday, reaching $13.43. 1,542,663 shares of the company’s stock traded hands. Zto Express has a 12-month low of $11.14 and a 12-month high of $18.45. The company has a market cap of $9.64 billion and a P/E ratio of 25.88. The stock has a 50 day moving average of $14.54 and a 200 day moving average of $13.78.
Zto Express (NYSE:ZTO) last announced its earnings results on Tuesday, August 22nd. The transportation company reported $0.15 earnings per share (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 company had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $3.02 billion. The business’s revenue for the quarter was up 29.9% on a year-over-year basis. On average, equities research analysts predict that Zto Express will post $0.61 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently bought and sold shares of ZTO. Nomura Holdings Inc. raised its position in Zto Express by 632.8% in the second quarter. Nomura Holdings Inc. now owns 153,525 shares of the transportation company’s stock valued at $2,145,000 after buying an additional 132,574 shares in the last quarter. York Capital Management Global Advisors LLC bought a new position in Zto Express during the second quarter valued at approximately $7,516,000. Hillhouse Capital Management Ltd. bought a new position in Zto Express during the second quarter valued at approximately $158,961,000. Royal Bank of Canada raised its position in Zto Express by 5.5% in the second quarter. Royal Bank of Canada now owns 21,567 shares of the transportation company’s stock valued at $301,000 after buying an additional 1,120 shares in the last quarter. Finally, Balyasny Asset Management LLC bought a new position in Zto Express during the second quarter valued at approximately $349,000. Institutional investors and hedge funds own 22.77% of the company’s stock.
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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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