Macquarie Downgrades ZTO Express (Cayman) (NYSE:ZTO) to Neutral

ZTO Express (Cayman) (NYSE:ZTO) was downgraded by analysts at Macquarie from an “outperform” rating to a “neutral” rating in a research report issued on Wednesday, MarketBeat Ratings reports. They currently have a $21.20 price target on the transportation company’s stock. Macquarie’s price target indicates a potential upside of 0.09% from the stock’s previous close.

ZTO has been the subject of a number of other reports. JPMorgan Chase & Co. dropped their target price on shares of ZTO Express (Cayman) from $37.00 to $30.00 and set an “overweight” rating for the company in a research note on Thursday, March 21st. HSBC dropped their target price on shares of ZTO Express (Cayman) from $32.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday, March 21st. Finally, Bank of America boosted their target price on shares of ZTO Express (Cayman) from $25.20 to $26.90 and gave the stock a “buy” rating in a research note on Monday, June 17th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $28.18.

ZTO Express (Cayman) Stock Performance

NYSE ZTO traded down $0.37 during midday trading on Wednesday, hitting $21.18. The company had a trading volume of 960,782 shares, compared to its average volume of 4,076,463. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.12. The stock has a market cap of $12.85 billion, a price-to-earnings ratio of 14.94, a P/E/G ratio of 1.00 and a beta of -0.09. The firm has a fifty day simple moving average of $22.27 and a two-hundred day simple moving average of $20.51. ZTO Express has a fifty-two week low of $15.90 and a fifty-two week high of $28.04.

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

Institutional Trading of ZTO Express (Cayman)

A number of hedge funds have recently modified their holdings of the stock. EntryPoint Capital LLC bought a new position in ZTO Express (Cayman) in the 1st quarter valued at about $43,000. Tower Research Capital LLC TRC increased its holdings in ZTO Express (Cayman) by 31.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,278 shares of the transportation company’s stock valued at $70,000 after buying an additional 791 shares during the period. Blue Trust Inc. increased its holdings in ZTO Express (Cayman) by 1,333.1% in the 4th quarter. Blue Trust Inc. now owns 4,973 shares of the transportation company’s stock valued at $106,000 after buying an additional 4,626 shares during the period. Barometer Capital Management Inc. bought a new position in ZTO Express (Cayman) in the 4th quarter valued at about $126,000. Finally, U S Global Investors Inc. increased its holdings in ZTO Express (Cayman) by 50.6% in the 4th quarter. U S Global Investors Inc. now owns 6,636 shares of the transportation company’s stock valued at $141,000 after buying an additional 2,231 shares during the period. Institutional investors and hedge funds own 41.65% of the company’s stock.

About ZTO Express (Cayman)

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.