ZTO Express (Cayman) (NYSE:ZTO) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of ZTO Express (Cayman) (NYSE:ZTO) from a hold rating to a buy rating in a report released on Saturday,Wall Street Zen reports.

A number of other equities research analysts have also recently commented on the stock. The Goldman Sachs Group cut shares of ZTO Express (Cayman) from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $25.00 to $22.00 in a report on Wednesday, October 14th. Weiss Ratings lowered shares of ZTO Express (Cayman) from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, August 31st. Zacks Research cut shares of ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 5th. Finally, JPMorgan Chase & Co. cut shares of ZTO Express (Cayman) from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $29.00 to $22.00 in a research report on Thursday, September 3rd. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $24.70.

ZTO Express (Cayman) Trading Down 0.8%

NYSE ZTO opened at $20.63 on Friday. The business has a 50 day simple moving average of $20.22 and a 200 day simple moving average of $22.79. ZTO Express has a one year low of $18.63 and a one year high of $26.20. The stock has a market capitalization of $11.50 billion, a P/E ratio of 11.12, a P/E/G ratio of 0.99 and a beta of -0.18. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.67 and a quick ratio of 1.67.

ZTO Express (Cayman) (NYSE:ZTO) last issued its earnings results on Saturday, August 15th. The transportation company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.06. The business had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.15 billion. ZTO Express (Cayman) had a return on equity of 15.90% and a net margin of 19.03%. ZTO Express (Cayman)’s revenue was up 23.0% on a year-over-year basis. Research analysts expect that ZTO Express will post 1.91 earnings per share for the current year.

Hedge Funds Weigh In On ZTO Express (Cayman)

A number of large investors have recently modified their holdings of the company. Todd Asset Management LLC boosted its holdings in ZTO Express (Cayman) by 10.4% during the second quarter. Todd Asset Management LLC now owns 1,891,052 shares of the transportation company’s stock worth $42,322,000 after purchasing an additional 178,235 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in ZTO Express (Cayman) by 1,506.9% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 920,352 shares of the transportation company’s stock valued at $23,165,000 after buying an additional 863,078 shares during the last quarter. Renaissance Technologies LLC increased its stake in ZTO Express (Cayman) by 400.2% in the 1st quarter. Renaissance Technologies LLC now owns 618,800 shares of the transportation company’s stock valued at $15,575,000 after buying an additional 495,100 shares during the last quarter. Sei Investments Co. increased its stake in ZTO Express (Cayman) by 575.6% in the 1st quarter. Sei Investments Co. now owns 211,401 shares of the transportation company’s stock valued at $5,321,000 after buying an additional 180,110 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of ZTO Express (Cayman) by 150.6% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 205,776 shares of the transportation company’s stock worth $4,605,000 after buying an additional 123,675 shares in the last quarter. 41.65% of the stock is currently owned by institutional investors.

About ZTO Express (Cayman)

ZTO Express (Cayman) Inc is a China-based express delivery and logistics company. It provides parcel collection, sorting, transportation and delivery services, serving e-commerce businesses, merchants and individual customers.

The company operates a network of service outlets, transportation partners and sorting hubs across China. Its services also include freight forwarding, warehousing and cross-border logistics through its international business.

Founded in 2002, ZTO is headquartered in Shanghai.