ZTO Express (Cayman) (NYSE:ZTO) Shares Gap Down – Time to Sell?

ZTO Express (Cayman) Inc. (NYSE:ZTO)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $23.13, but opened at $21.50. ZTO Express (Cayman) shares last traded at $21.7080, with a volume of 442,229 shares changing hands.

Analyst Ratings Changes

Several equities analysts have commented on ZTO shares. Zacks Research downgraded shares of ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 5th. Morgan Stanley restated an “overweight” rating and set a $30.10 price objective on shares of ZTO Express (Cayman) in a research report on Wednesday, May 20th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of ZTO Express (Cayman) in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $27.03.

ZTO Express (Cayman) Price Performance

The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.16. The company’s fifty day moving average price is $23.25 and its 200 day moving average price is $23.83. The company has a market capitalization of $11.92 billion, a P/E ratio of 13.17, a PEG ratio of 0.87 and a beta of -0.22.

ZTO Express (Cayman) (NYSE:ZTO) last posted its quarterly earnings data on Tuesday, August 18th. The transportation company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates 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 14.23% and a net margin of 17.87%.The business’s revenue for the quarter was up 23.0% on a year-over-year basis. As a group, sell-side analysts forecast that ZTO Express will post 1.95 EPS for the current year.

Institutional Trading of ZTO Express (Cayman)

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

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.