ZTO Express (Cayman) (NYSE:ZTO) Raised to Strong-Buy at Macquarie Capit

ZTO Express (Cayman) (NYSE:ZTO) was upgraded by Macquarie Capit from a “hold” rating to a “strong-buy” rating in a report issued on Sunday,Zacks.com reports.

A number of other equities analysts also recently issued reports on ZTO. Wall Street Zen upgraded ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a research note on Saturday. Zacks Research downgraded shares of ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 7th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of ZTO Express (Cayman) in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $22.36.

ZTO Express (Cayman) Stock Performance

NYSE:ZTO opened at $24.12 on Friday. The firm has a market cap of $14.22 billion, a PE ratio of 15.97, a price-to-earnings-growth ratio of 4.54 and a beta of -0.18. ZTO Express has a fifty-two week low of $16.34 and a fifty-two week high of $24.33. The business has a 50 day moving average price of $21.74 and a 200-day moving average price of $20.14.

ZTO Express (Cayman) (NYSE:ZTO) last posted its quarterly earnings data on Thursday, November 20th. The transportation company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $2.51 by ($2.08). ZTO Express (Cayman) had a net margin of 18.61% and a return on equity of 14.33%. During the same period in the prior year, the firm earned $2.90 EPS. The business’s revenue was up 11.1% on a year-over-year basis. Research analysts predict that ZTO Express will post 1.57 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of ZTO. Signaturefd LLC boosted its holdings in ZTO Express (Cayman) by 22.5% in the fourth quarter. Signaturefd LLC now owns 2,693 shares of the transportation company’s stock worth $56,000 after acquiring an additional 494 shares in the last quarter. Ethic Inc. boosted its stake in ZTO Express (Cayman) by 3.7% in the 4th quarter. Ethic Inc. now owns 15,943 shares of the transportation company’s stock worth $333,000 after purchasing an additional 569 shares in the last quarter. Legacy Wealth Asset Management LLC grew its position in ZTO Express (Cayman) by 0.5% during the 3rd quarter. Legacy Wealth Asset Management LLC now owns 137,761 shares of the transportation company’s stock worth $2,645,000 after purchasing an additional 686 shares during the last quarter. CWM LLC increased its stake in ZTO Express (Cayman) by 42.2% during the 3rd quarter. CWM LLC now owns 2,341 shares of the transportation company’s stock valued at $45,000 after purchasing an additional 695 shares in the last quarter. Finally, U S Global Investors Inc. grew its holdings in shares of ZTO Express (Cayman) by 5.1% during the third quarter. U S Global Investors Inc. now owns 14,764 shares of the transportation company’s stock valued at $283,000 after buying an additional 716 shares during the last quarter. Institutional investors own 41.65% of the company’s stock.

ZTO Express (Cayman) Company Profile

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.