ZTO Express (Cayman) (NYSE:ZTO) Shares Gap Down – Should You Sell?

ZTO Express (Cayman) Inc. (NYSE:ZTO)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $20.96, but opened at $20.03. ZTO Express (Cayman) shares last traded at $19.3780, with a volume of 1,643,345 shares trading hands.

Wall Street Analysts Forecast Growth

ZTO has been the subject of several research analyst reports. Wall Street Zen cut ZTO Express (Cayman) from a “buy” rating to a “hold” rating in a research report on Saturday. Zacks Research downgraded ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 5th. JPMorgan Chase & Co. lowered ZTO Express (Cayman) from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $29.00 to $22.00 in a report on Thursday, September 3rd. Finally, Weiss Ratings downgraded shares of ZTO Express (Cayman) from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, August 31st. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, ZTO Express (Cayman) presently has an average rating of “Moderate Buy” and an average target price of $26.05.

ZTO Express (Cayman) Trading Down 8.4%

The firm has a market cap of $10.70 billion, a P/E ratio of 10.33, a PEG ratio of 0.81 and a beta of -0.24. The company’s 50 day moving average is $22.53 and its two-hundred day moving average is $23.32. 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 quarterly earnings results on Saturday, August 15th. The transportation company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.06. The firm had revenue of $2.14 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 23.0% compared to the same quarter last year. On average, sell-side analysts predict that ZTO Express will post 1.91 earnings per share for the current year.

Institutional Trading of ZTO Express (Cayman)

A number of institutional investors and hedge funds have recently modified their holdings of the company. Leonteq Securities AG acquired a new position in shares of ZTO Express (Cayman) in the fourth quarter valued at $30,000. Caitong International Asset Management Co. Ltd acquired a new stake in ZTO Express (Cayman) during the fourth quarter worth $42,000. Northwestern Mutual Wealth Management Co. boosted its stake in ZTO Express (Cayman) by 2,225.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,604 shares of the transportation company’s stock worth $81,000 after buying an additional 3,449 shares in the last quarter. Parallel Advisors LLC increased its holdings in ZTO Express (Cayman) by 58.4% in the 1st quarter. Parallel Advisors LLC now owns 5,276 shares of the transportation company’s stock valued at $133,000 after buying an additional 1,946 shares during the period. Finally, Bayforest Capital Ltd acquired a new position in shares of ZTO Express (Cayman) in the 2nd quarter valued at $129,000. 41.65% of the stock is currently owned by institutional investors.

ZTO Express (Cayman) Company Profile

ZTO Express (Cayman) Inc is a China-based express delivery and logistics company. Through its operating network, the company provides parcel collection, sorting, transportation and delivery services for e-commerce merchants, businesses and individual customers.

ZTO’s services primarily cover domestic express delivery in China and are supported by distribution hubs, sorting facilities, transportation routes, delivery outlets and third-party network partners. The company also offers logistics-related services, including freight forwarding and other supply-chain solutions, while serving the needs of China’s growing online retail market.

Founded in 2002, ZTO has expanded its operations alongside the development of China’s e-commerce sector.