ZTO Express (Cayman) Inc. (NYSE:ZTO) Receives $22.36 Consensus Target Price from Analysts

Shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) have received a consensus recommendation of “Moderate Buy” from the seven analysts that are covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $22.36.

ZTO has been the topic of a number of research analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of ZTO Express (Cayman) in a research report on Friday. Wall Street Zen downgraded ZTO Express (Cayman) from a “buy” rating to a “hold” rating in a report on Saturday, February 21st. Macquarie Infrastructure raised ZTO Express (Cayman) from a “hold” rating to a “strong-buy” rating in a research note on Sunday, February 8th. Finally, Zacks Research cut ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 7th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in ZTO. Capitolis Liquid Global Markets LLC acquired a new position in shares of ZTO Express (Cayman) during the third quarter worth about $25,672,000. Mackenzie Financial Corp acquired a new stake in ZTO Express (Cayman) in the second quarter valued at approximately $12,604,000. Crossmark Global Holdings Inc. raised its holdings in ZTO Express (Cayman) by 2,573.3% in the third quarter. Crossmark Global Holdings Inc. now owns 612,738 shares of the transportation company’s stock valued at $11,765,000 after acquiring an additional 589,817 shares in the last quarter. Norges Bank purchased a new position in ZTO Express (Cayman) in the second quarter worth approximately $7,446,000. Finally, Pzena Investment Management LLC lifted its stake in ZTO Express (Cayman) by 4.9% in the third quarter. Pzena Investment Management LLC now owns 7,999,407 shares of the transportation company’s stock worth $153,589,000 after acquiring an additional 376,179 shares during the last quarter. Institutional investors and hedge funds own 41.65% of the company’s stock.

ZTO Express (Cayman) Stock Up 1.0%

Shares of ZTO Express (Cayman) stock opened at $24.30 on Tuesday. The firm has a market cap of $13.70 billion, a PE ratio of 15.38, a price-to-earnings-growth ratio of 1.22 and a beta of -0.20. ZTO Express has a 52 week low of $16.34 and a 52 week high of $26.20. The business’s fifty day simple moving average is $23.76 and its 200-day simple moving average is $21.34.

ZTO Express (Cayman) (NYSE:ZTO) last released its quarterly earnings results on Saturday, February 14th. The transportation company reported $0.47 earnings per share (EPS) for the quarter. ZTO Express (Cayman) had a net margin of 18.50% and a return on equity of 14.05%. The business had revenue of $2.07 billion for the quarter. As a group, equities analysts expect that ZTO Express will post 1.57 earnings per share for the current year.

ZTO Express (Cayman) Announces Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, April 29th. Stockholders of record on Wednesday, April 8th will be given a dividend of $0.39 per share. This represents a dividend yield of 305.0%. The ex-dividend date of this dividend is Wednesday, April 8th. ZTO Express (Cayman)’s dividend payout ratio is currently 36.71%.

About ZTO Express (Cayman)

ZTO Express (Cayman) Inc is one of China’s leading express delivery companies, specializing in both domestic and cross-border parcel logistics. The company operates a technology-enabled network that connects shippers, independent pickup and delivery stations, regional sorting hubs and end customers. ZTO’s service portfolio includes standard express, heavy-weight parcel delivery, time-definite shipments and e-commerce logistics solutions tailored for online retailers and marketplaces.

Founded in 2002 and headquartered in Shanghai, ZTO has grown rapidly by leveraging a franchise-style operating model that engages a broad network of independent contractors.