ZTO Express (Cayman) Inc. (NYSE:ZTO) Receives $29.55 Average PT from Analysts

Shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) have received a consensus recommendation of “Moderate Buy” from the five analysts that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $29.55.

Several equities analysts have recently weighed in on ZTO shares. Zacks Research downgraded ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 5th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of ZTO Express (Cayman) in a research note on Monday, August 17th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $30.10 price objective on shares of ZTO Express (Cayman) in a research report on Wednesday, May 20th.

Hedge Funds Weigh In On ZTO Express (Cayman)

A number of large investors have recently made changes to their positions in ZTO. Caitong International Asset Management Co. Ltd purchased a new stake in ZTO Express (Cayman) in the 4th quarter worth about $25,000. Leonteq Securities AG purchased a new position in shares of ZTO Express (Cayman) during the fourth quarter valued at approximately $30,000. Atlas Capital Advisors Inc. purchased a new position in shares of ZTO Express (Cayman) during the fourth quarter valued at approximately $35,000. Smartleaf Asset Management LLC grew its stake in shares of ZTO Express (Cayman) by 61.4% during the second quarter. Smartleaf Asset Management LLC now owns 2,021 shares of the transportation company’s stock valued at $36,000 after buying an additional 769 shares during the last quarter. Finally, Assetmark Inc. grew its stake in shares of ZTO Express (Cayman) by 1,713.0% during the fourth quarter. Assetmark Inc. now owns 2,375 shares of the transportation company’s stock valued at $50,000 after buying an additional 2,244 shares during the last quarter. 41.65% of the stock is owned by hedge funds and other institutional investors.

ZTO Express (Cayman) Trading Down 0.5%

ZTO opened at $21.22 on Friday. The firm has a market cap of $11.83 billion, a P/E ratio of 11.41, a P/E/G ratio of 0.83 and a beta of -0.22. ZTO Express has a 12 month low of $17.74 and a 12 month high of $26.20. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 0.16. The stock has a 50-day moving average of $23.09 and a 200 day moving average of $23.76.

ZTO Express (Cayman) (NYSE:ZTO) last issued its quarterly earnings data on Tuesday, August 18th. The transportation company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.06. The company had revenue of $2.14 billion for the quarter, compared to analysts’ expectations of $2.15 billion. ZTO Express (Cayman) had a return on equity of 15.90% and a net margin of 19.03%.The firm’s revenue was up 23.0% compared to the same quarter last year. As a group, research analysts forecast that ZTO Express will post 1.9 EPS for the current year.

ZTO Express (Cayman) Company Profile

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.