ZTO Express (Cayman) (NYSE:ZTO) Stock Price Up 2.8%

ZTO Express (Cayman) Inc. (NYSE:ZTO)’s stock price was up 2.8% during trading on Thursday . The stock traded as high as $19.89 and last traded at $19.86. Approximately 799,403 shares traded hands during mid-day trading, a decline of 81% from the average daily volume of 4,245,415 shares. The stock had previously closed at $19.31.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on ZTO shares. HSBC dropped their target price on shares of ZTO Express (Cayman) from $32.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, March 21st. StockNews.com cut shares of ZTO Express (Cayman) from a “buy” rating to a “hold” rating in a research report on Tuesday, February 6th. JPMorgan Chase & Co. dropped their target price on shares of ZTO Express (Cayman) from $37.00 to $30.00 and set an “overweight” rating for the company in a research report on Thursday, March 21st. Finally, Bank of America raised shares of ZTO Express (Cayman) from a “neutral” rating to a “buy” rating and raised their target price for the stock from $22.00 to $29.00 in a research report on Thursday, March 21st. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $32.00.

ZTO Express (Cayman) Stock Performance

The company has a market capitalization of $12.07 billion, a PE ratio of 13.05, a PEG ratio of 0.73 and a beta of -0.04. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.34 and a current ratio of 1.34. The business’s 50-day moving average is $20.06 and its 200-day moving average is $20.88.

ZTO Express (Cayman) (NYSE:ZTO) last released its quarterly earnings data on Tuesday, March 19th. The transportation company reported $0.38 earnings per share for the quarter. The business had revenue of $1.50 billion during the quarter. ZTO Express (Cayman) had a net margin of 22.70% and a return on equity of 15.24%. On average, research analysts anticipate that ZTO Express will post 1.69 earnings per share for the current year.

ZTO Express (Cayman) Dividend Announcement

The company also recently disclosed an annual dividend, which will be paid on Monday, April 29th. Shareholders of record on Wednesday, April 10th will be paid a dividend of $0.61 per share. The ex-dividend date is Tuesday, April 9th. This represents a yield of 2.82%. ZTO Express (Cayman)’s dividend payout ratio is currently 41.22%.

Institutional Trading of ZTO Express (Cayman)

A number of institutional investors and hedge funds have recently bought and sold shares of ZTO. E Fund Management Hong Kong Co. Ltd. grew its stake in shares of ZTO Express (Cayman) by 136.0% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 254,840 shares of the transportation company’s stock worth $6,470,000 after acquiring an additional 146,838 shares during the period. Bank of New York Mellon Corp grew its stake in shares of ZTO Express (Cayman) by 3.3% in the first quarter. Bank of New York Mellon Corp now owns 415,473 shares of the transportation company’s stock worth $10,387,000 after acquiring an additional 13,333 shares during the period. HAP Trading LLC bought a new stake in shares of ZTO Express (Cayman) in the first quarter worth approximately $413,000. Sei Investments Co. grew its stake in shares of ZTO Express (Cayman) by 753.5% in the first quarter. Sei Investments Co. now owns 69,896 shares of the transportation company’s stock worth $1,762,000 after acquiring an additional 61,707 shares during the period. Finally, Canada Pension Plan Investment Board grew its stake in shares of ZTO Express (Cayman) by 116.2% in the first quarter. Canada Pension Plan Investment Board now owns 839,600 shares of the transportation company’s stock worth $20,990,000 after acquiring an additional 451,200 shares during the period. 41.65% of the stock is currently owned by institutional investors.

ZTO Express (Cayman) Company Profile

ZTO Express (Cayman) Inc provides express delivery and other value-added logistics services in the People's Republic of China. It offers freight forwarding services; and delivery services for e-commerce and traditional merchants, and other express service users. The company was founded in 2002 and is headquartered in Shanghai, the People's Republic of China.