ZTO EXPRESS INC (ZTO) Receives $17.69 Consensus Target Price from Analysts
ZTO EXPRESS INC (NYSE:ZTO) has been assigned an average recommendation of “Buy” from the ten analysts that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $17.69.
A number of equities research analysts have issued reports on ZTO shares. HSBC Holdings plc started coverage on shares of ZTO EXPRESS INC in a report on Tuesday, August 8th. They set a “reduce” rating and a $12.50 target price on the stock. UBS AG started coverage on shares of ZTO EXPRESS INC in a report on Tuesday, July 11th. They set a “buy” rating on the stock. CLSA started coverage on shares of ZTO EXPRESS INC in a report on Monday, June 26th. They set a “sell” rating on the stock. Zacks Investment Research lowered shares of ZTO EXPRESS INC from a “hold” rating to a “sell” rating in a report on Wednesday, August 23rd. Finally, Macquarie started coverage on shares of ZTO EXPRESS INC in a report on Tuesday, September 19th. They set an “outperform” rating and a $17.30 target price on the stock.
Shares of ZTO EXPRESS INC (NYSE ZTO) traded down 1.16% during trading on Friday, reaching $14.47. 363,423 shares of the company traded hands. ZTO EXPRESS INC has a 52 week low of $12.01 and a 52 week high of $18.45. The firm’s 50 day moving average price is $14.69 and its 200-day moving average price is $14.69. The company has a market capitalization of $10.39 billion and a price-to-earnings ratio of 27.61.
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, topping the Zacks’ consensus estimate of $0.14 by $0.01. The company had revenue of $2.97 billion for the quarter, compared to analyst estimates of $3.02 billion. ZTO EXPRESS INC had a net margin of 22.54% and a return on equity of 14.83%. The firm’s revenue for the quarter was up 29.9% on a year-over-year basis. Equities analysts anticipate that ZTO EXPRESS INC will post $0.63 EPS for the current fiscal year.
Several large investors have recently made changes to their positions in the business. Hillhouse Capital Management Ltd. purchased a new stake in shares of ZTO EXPRESS INC in the 2nd quarter valued at approximately $158,961,000. Green Court Capital Management Ltd purchased a new stake in shares of ZTO EXPRESS INC in the 2nd quarter valued at approximately $81,799,000. Lazard Asset Management LLC increased its position in shares of ZTO EXPRESS INC by 149.1% in the 2nd quarter. Lazard Asset Management LLC now owns 5,005,803 shares of the transportation company’s stock valued at $69,881,000 after purchasing an additional 2,996,086 shares during the last quarter. Davis Selected Advisers increased its position in shares of ZTO EXPRESS INC by 12.3% in the 2nd quarter. Davis Selected Advisers now owns 4,704,977 shares of the transportation company’s stock valued at $65,681,000 after purchasing an additional 517,045 shares during the last quarter. Finally, Neuberger Berman Group LLC purchased a new stake in shares of ZTO EXPRESS INC in the 1st quarter valued at approximately $59,961,000. 22.77% of the stock is currently owned by institutional investors.
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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