ZTO Express (Cayman) (NYSE:ZTO) Trading Up 2.8%

Shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) were up 2.8% during trading on Thursday . The stock traded as high as $19.89 and last traded at $19.86. Approximately 799,403 shares were traded during trading, a decline of 81% from the average daily volume of 4,245,415 shares. The stock had previously closed at $19.31.

Wall Street Analysts Forecast Growth

Several analysts have commented on ZTO shares. Bank of America raised shares of ZTO Express (Cayman) from a “neutral” rating to a “buy” rating and increased their price target for the company from $22.00 to $29.00 in a research report on Thursday, March 21st. StockNews.com lowered shares of ZTO Express (Cayman) from a “buy” rating to a “hold” rating in a research report on Tuesday, February 6th. JPMorgan Chase & Co. decreased their price target on shares of ZTO Express (Cayman) from $37.00 to $30.00 and set an “overweight” rating for the company in a research report on Thursday, March 21st. Finally, HSBC decreased their price target on shares of ZTO Express (Cayman) from $32.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, March 21st. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $32.00.

ZTO Express (Cayman) Stock Up 3.1 %

The firm has a market cap of $12.07 billion, a price-to-earnings ratio of 13.05, a PEG ratio of 0.73 and a beta of -0.04. The business’s 50 day moving average price is $20.06 and its 200 day moving average price is $20.88. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.34 and a current ratio of 1.34.

ZTO Express (Cayman) (NYSE:ZTO) last issued its quarterly earnings data on Tuesday, March 19th. The transportation company reported $0.38 EPS for the quarter. The business had revenue of $1.50 billion for the quarter. ZTO Express (Cayman) had a net margin of 22.70% and a return on equity of 15.24%. On average, equities analysts forecast that ZTO Express will post 1.69 EPS for the current year.

ZTO Express (Cayman) Announces Dividend

The company also recently disclosed an annual dividend, which will be paid on Monday, April 29th. Stockholders of record on Wednesday, April 10th will be paid a dividend of $0.61 per share. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a dividend yield of 2.82%. ZTO Express (Cayman)’s payout ratio is 41.22%.

Institutional Investors Weigh In On ZTO Express (Cayman)

A number of institutional investors have recently added to or reduced their stakes in ZTO. E Fund Management Hong Kong Co. Ltd. grew its stake in ZTO Express (Cayman) by 136.0% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 254,840 shares of the transportation company’s stock valued at $6,470,000 after acquiring an additional 146,838 shares during the period. Bank of New York Mellon Corp grew its stake in ZTO Express (Cayman) by 3.3% in the 1st quarter. Bank of New York Mellon Corp now owns 415,473 shares of the transportation company’s stock valued at $10,387,000 after acquiring an additional 13,333 shares during the period. HAP Trading LLC acquired a new stake in ZTO Express (Cayman) in the 1st quarter valued at $413,000. Sei Investments Co. grew its stake in ZTO Express (Cayman) by 753.5% in the 1st quarter. Sei Investments Co. now owns 69,896 shares of the transportation company’s stock valued at $1,762,000 after acquiring an additional 61,707 shares during the period. Finally, Canada Pension Plan Investment Board grew its stake in ZTO Express (Cayman) by 116.2% in the 1st quarter. Canada Pension Plan Investment Board now owns 839,600 shares of the transportation company’s stock valued at $20,990,000 after acquiring an additional 451,200 shares during the period. Institutional investors and hedge funds own 41.65% of the company’s stock.

ZTO Express (Cayman) Company Profile

ZTO Express (Cayman) Inc provides express delivery and other value-added logistics services in the People's Republic of China. It offers freight forwarding services; and delivery services for e-commerce and traditional merchants, and other express service users. The company was founded in 2002 and is headquartered in Shanghai, the People's Republic of China.