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 research note published on Sunday morning,Wall Street Zen reports.

Several other equities analysts have also commented on the company. Zacks Research lowered ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 5th. Weiss Ratings lowered ZTO Express (Cayman) from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, August 31st. Finally, JPMorgan Chase & Co. cut ZTO Express (Cayman) from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $29.00 to $22.00 in a report on Thursday, September 3rd. One 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. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $26.05.

ZTO Express (Cayman) Stock Down 0.4%

Shares of NYSE ZTO opened at $19.59 on Friday. ZTO Express has a 1 year low of $18.11 and a 1 year high of $26.20. The firm’s 50 day moving average price is $21.88 and its 200 day moving average price is $23.15. The firm has a market cap of $10.92 billion, a P/E ratio of 10.54, a price-to-earnings-growth ratio of 0.76 and a beta of -0.24. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.67 and a current 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 for the quarter, beating the consensus estimate of $0.50 by $0.06. ZTO Express (Cayman) had a return on equity of 15.90% and a net margin of 19.03%.The company had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.15 billion. ZTO Express (Cayman)’s revenue for the quarter was up 23.0% compared to the same quarter last year. As a group, sell-side analysts anticipate 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. Sequoia Financial Advisors LLC lifted its position in shares of ZTO Express (Cayman) by 6.3% during the 1st quarter. Sequoia Financial Advisors LLC now owns 20,348 shares of the transportation company’s stock valued at $512,000 after acquiring an additional 1,207 shares during the last quarter. GSA Capital Partners LLP raised its holdings in ZTO Express (Cayman) by 1.3% during the 2nd quarter. GSA Capital Partners LLP now owns 113,112 shares of the transportation company’s stock worth $2,531,000 after buying an additional 1,422 shares during the period. Confluence Investment Management LLC lifted its stake in ZTO Express (Cayman) by 11.4% during the second quarter. Confluence Investment Management LLC now owns 13,966 shares of the transportation company’s stock valued at $313,000 after buying an additional 1,426 shares in the last quarter. Corient Private Wealth LP increased its position in shares of ZTO Express (Cayman) by 12.1% in the second quarter. Corient Private Wealth LP now owns 15,186 shares of the transportation company’s stock worth $340,000 after acquiring an additional 1,640 shares in the last quarter. Finally, SmartHarvest Portfolios LLC lifted its position in shares of ZTO Express (Cayman) by 16.0% in the 2nd quarter. SmartHarvest Portfolios LLC now owns 12,059 shares of the transportation company’s stock valued at $270,000 after acquiring an additional 1,660 shares in the last quarter. 41.65% of the stock is currently owned by hedge funds and other institutional investors.

ZTO Express (Cayman) Company Profile

ZTO Express (Cayman) Inc is a China-based express delivery and logistics company. Through its network of sorting centers, transportation routes and service outlets, the company provides parcel collection, sorting, line-haul transportation and last-mile delivery services for e-commerce merchants, businesses and individual customers.

The company also offers related logistics services, including freight delivery, supply-chain solutions, international logistics and cloud-based warehouse services.