ZTO Express (Cayman) (ZTO) Upgraded by ValuEngine to “Buy”

ZTO Express (Cayman) (NYSE:ZTO) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a report released on Tuesday.

Several other research analysts also recently commented on the stock. JPMorgan Chase & Co. lifted their target price on shares of ZTO Express (Cayman) from $20.00 to $23.50 and gave the stock an “overweight” rating in a research note on Thursday, June 7th. Zacks Investment Research raised shares of ZTO Express (Cayman) from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 16th. Finally, CLSA raised shares of ZTO Express (Cayman) from a “sell” rating to an “underperform” rating in a research note on Thursday, May 10th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $17.76.

Shares of ZTO traded up $0.10 during mid-day trading on Tuesday, reaching $21.49. The company’s stock had a trading volume of 2,845,121 shares, compared to its average volume of 2,694,885. The firm has a market cap of $10.67 billion, a price-to-earnings ratio of 31.14 and a beta of 0.35. ZTO Express has a 52 week low of $12.84 and a 52 week high of $21.70.

ZTO Express (Cayman) (NYSE:ZTO) last announced its quarterly earnings data on Wednesday, May 9th. The transportation company reported $0.12 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.12. ZTO Express (Cayman) had a net margin of 22.89% and a return on equity of 15.56%. The firm had revenue of $565.06 million during the quarter. equities research analysts forecast that ZTO Express will post 0.87 EPS for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of ZTO. Schwab Charles Investment Management Inc. increased its stake in shares of ZTO Express (Cayman) by 36.6% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 104,155 shares of the transportation company’s stock worth $1,651,000 after buying an additional 27,894 shares during the period. Comerica Bank purchased a new position in ZTO Express (Cayman) during the 4th quarter valued at $492,000. California Public Employees Retirement System increased its position in ZTO Express (Cayman) by 27.7% during the 4th quarter. California Public Employees Retirement System now owns 677,434 shares of the transportation company’s stock valued at $10,737,000 after purchasing an additional 146,889 shares during the period. Segantii Capital Management Ltd increased its position in ZTO Express (Cayman) by 102.2% during the 4th quarter. Segantii Capital Management Ltd now owns 156,000 shares of the transportation company’s stock valued at $2,473,000 after purchasing an additional 78,835 shares during the period. Finally, First Trust Advisors LP increased its position in ZTO Express (Cayman) by 5.8% during the 4th quarter. First Trust Advisors LP now owns 155,514 shares of the transportation company’s stock valued at $2,465,000 after purchasing an additional 8,563 shares during the period. 29.10% of the stock is currently owned by institutional investors.

ZTO Express (Cayman) Company Profile

ZTO Express (Cayman) Inc, through its subsidiaries, provides express delivery and other value-added logistics services in China. It offers delivery services for e-commerce merchants, traditional merchants, and other express service users, as well as through business partners. As of December 31, 2016, the company operated a fleet of approximately 2,900 self-owned trucks.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for ZTO Express (Cayman) (NYSE:ZTO)

Receive News & Ratings for ZTO Express (Cayman) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ZTO Express (Cayman) and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand
Yankees Former Ace Ron Guidry Says Luis Severino Will Break His Records
Yankees Former Ace Ron Guidry Says Luis Severino Will Break His Records
Ruptured Biceps Tendon Ends Miguel Cabrera’s Season
Ruptured Biceps Tendon Ends Miguel Cabrera’s Season
Dodgers Getting Big Unexpected Lift from Three Players
Dodgers Getting Big Unexpected Lift from Three Players
What does legal betting mean for the baseball industry?
What does legal betting mean for the baseball industry?
Dodgers Use Nine Pitchers in Nine-Inning Game
Dodgers Use Nine Pitchers in Nine-Inning Game


Leave a Reply

 
© 2006-2018 BBNS.