ZTO Express (Cayman) Inc. (NYSE:ZTO) Given Consensus Recommendation of “Buy” by Brokerages

ZTO Express (Cayman) Inc. (NYSE:ZTOGet Free Report) has been given a consensus recommendation of “Buy” by the four brokerages that are presently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a buy rating. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $30.00.

ZTO has been the topic of a number of research reports. JPMorgan Chase & Co. lowered their price target on ZTO Express (Cayman) from $37.00 to $30.00 and set an “overweight” rating on the stock in a report on Thursday, March 21st. HSBC lowered their target price on ZTO Express (Cayman) from $32.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, March 21st. Finally, Bank of America upgraded ZTO Express (Cayman) from a “neutral” rating to a “buy” rating and increased their target price for the company from $22.00 to $29.00 in a report on Thursday, March 21st.

Get Our Latest Analysis on ZTO

ZTO Express (Cayman) Stock Performance

Shares of ZTO stock opened at $22.48 on Friday. The company has a market cap of $13.64 billion, a price-to-earnings ratio of 15.83, a price-to-earnings-growth ratio of 1.04 and a beta of -0.09. The stock has a 50 day simple moving average of $21.98 and a 200-day simple moving average of $20.53. ZTO Express has a 12-month low of $15.90 and a 12-month high of $28.13. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.12.

ZTO Express (Cayman) (NYSE:ZTOGet Free Report) last issued its earnings results on Wednesday, May 15th. The transportation company reported $0.32 earnings per share (EPS) for the quarter. The business had revenue of $1.38 billion during the quarter. ZTO Express (Cayman) had a return on equity of 15.39% and a net margin of 21.57%. On average, equities analysts forecast that ZTO Express will post 1.7 EPS for the current year.

ZTO Express (Cayman) Announces Dividend

The firm also recently declared an annual dividend, which was paid on Monday, April 29th. Shareholders of record on Wednesday, April 10th were paid a dividend of $0.61 per share. This represents a dividend yield of 2.82%. The ex-dividend date of this dividend was Tuesday, April 9th. ZTO Express (Cayman)’s dividend payout ratio is presently 42.96%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Teachers Retirement System of The State of Kentucky raised its position in shares of ZTO Express (Cayman) by 20.9% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 564,570 shares of the transportation company’s stock worth $11,822,000 after buying an additional 97,600 shares during the period. Swedbank AB purchased a new position in shares of ZTO Express (Cayman) in the 1st quarter worth $2,594,000. California State Teachers Retirement System raised its position in shares of ZTO Express (Cayman) by 4.5% in the 1st quarter. California State Teachers Retirement System now owns 97,342 shares of the transportation company’s stock worth $2,038,000 after buying an additional 4,148 shares during the period. Bayesian Capital Management LP raised its position in shares of ZTO Express (Cayman) by 121.7% in the 1st quarter. Bayesian Capital Management LP now owns 105,291 shares of the transportation company’s stock worth $2,205,000 after buying an additional 57,800 shares during the period. Finally, Canada Pension Plan Investment Board raised its position in shares of ZTO Express (Cayman) by 119.9% in the 1st quarter. Canada Pension Plan Investment Board now owns 2,848,182 shares of the transportation company’s stock worth $59,641,000 after buying an additional 1,552,885 shares during the period. Hedge funds and other institutional investors own 41.65% of the company’s stock.

About ZTO Express (Cayman)

(Get Free Report

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.

Featured Articles

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.