ZTO Express (Cayman) (NYSE:ZTO) Shares Gap Up to $21.39

ZTO Express (Cayman) Inc. (NYSE:ZTOGet Free Report)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $21.39, but opened at $23.52. ZTO Express (Cayman) shares last traded at $23.20, with a volume of 4,630,297 shares changing hands.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. JPMorgan Chase & Co. lowered their price objective 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. Bank of America raised shares of ZTO Express (Cayman) from a “neutral” rating to a “buy” rating and increased their price objective for the company from $22.00 to $29.00 in a research report on Thursday, March 21st. HSBC decreased their price target 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. Finally, StockNews.com downgraded shares of ZTO Express (Cayman) from a “buy” rating to a “hold” rating in a research report on Tuesday, February 6th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, ZTO Express (Cayman) has a consensus rating of “Moderate Buy” and an average price target of $30.00.

Check Out Our Latest Analysis on ZTO Express (Cayman)

ZTO Express (Cayman) Price Performance

The company has a 50 day moving average of $21.09 and a 200-day moving average of $20.49. The stock has a market capitalization of $14.93 billion, a P/E ratio of 17.32, a PEG ratio of 1.44 and a beta of -0.05. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.12.

ZTO Express (Cayman) (NYSE:ZTOGet Free Report) last announced its quarterly earnings data on Tuesday, March 19th. The transportation company reported $0.38 earnings per share (EPS) for the quarter. ZTO Express (Cayman) had a return on equity of 15.39% and a net margin of 21.57%. The firm had revenue of $1.50 billion for the quarter. Sell-side analysts predict that ZTO Express will post 1.7 EPS for the current year.

ZTO Express (Cayman) Dividend Announcement

The business also recently announced an annual dividend, which was paid on Monday, April 29th. Shareholders of record on Wednesday, April 10th were paid a $0.61 dividend. This represents a yield of 2.82%. The ex-dividend date was Tuesday, April 9th. ZTO Express (Cayman)’s payout ratio is 42.96%.

Institutional Investors Weigh In On ZTO Express (Cayman)

A number of hedge funds have recently added to or reduced their stakes in ZTO. FMR LLC lifted its stake in ZTO Express (Cayman) by 2,862.2% in the third quarter. FMR LLC now owns 7,435,471 shares of the transportation company’s stock valued at $179,715,000 after buying an additional 7,184,463 shares during the last quarter. Pzena Investment Management LLC lifted its stake in ZTO Express (Cayman) by 437.9% in the first quarter. Pzena Investment Management LLC now owns 5,889,745 shares of the transportation company’s stock valued at $123,331,000 after buying an additional 4,794,773 shares during the last quarter. Aspex Management HK Ltd bought a new stake in ZTO Express (Cayman) in the fourth quarter valued at $77,857,000. Schroder Investment Management Group lifted its stake in ZTO Express (Cayman) by 68.4% in the third quarter. Schroder Investment Management Group now owns 8,260,456 shares of the transportation company’s stock valued at $199,655,000 after buying an additional 3,353,753 shares during the last quarter. Finally, Platinum Investment Management Ltd. raised its stake in shares of ZTO Express (Cayman) by 22.0% during the first quarter. Platinum Investment Management Ltd. now owns 17,428,610 shares of the transportation company’s stock valued at $364,955,000 after purchasing an additional 3,140,733 shares in the last quarter. 41.65% of the stock is currently owned by institutional investors.

About ZTO Express (Cayman)

(Get Free Report)

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.

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