ZTO Express (Cayman) Inc. (NYSE:ZTO) Stock Has Average Price Target of $26.05

ZTO Express (Cayman) Inc. (NYSE:ZTO) has earned an average rating of “Moderate Buy” from the six analysts that are presently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $24.70.

A number of equities research analysts have recently weighed in on ZTO shares. Wall Street Zen upgraded shares of ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a research note on Sunday, September 27th. JPMorgan Chase & Co. lowered shares of ZTO Express (Cayman) from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $29.00 to $22.00 in a report on Thursday, September 3rd. The Goldman Sachs Group cut shares of ZTO Express (Cayman) from a “buy” rating to a “neutral” rating and set a $22.00 price objective for the company. in a research report on Wednesday. Zacks Research cut shares of ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 5th. Finally, Weiss Ratings downgraded shares of ZTO Express (Cayman) from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, August 31st.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Squarepoint Ops LLC boosted its stake in ZTO Express (Cayman) by 18.5% during the 2nd quarter. Squarepoint Ops LLC now owns 40,261 shares of the transportation company’s stock valued at $901,000 after purchasing an additional 6,297 shares during the last quarter. Nykredit A S bought a new stake in ZTO Express (Cayman) during the 2nd quarter worth approximately $328,000. Allianz Asset Management GmbH purchased a new stake in shares of ZTO Express (Cayman) in the second quarter worth approximately $780,000. Corient Private Wealth LP raised its stake in shares of ZTO Express (Cayman) by 12.1% in the second quarter. Corient Private Wealth LP now owns 15,186 shares of the transportation company’s stock worth $340,000 after purchasing an additional 1,640 shares during the last quarter. Finally, HighTower Advisors LLC purchased a new stake in shares of ZTO Express (Cayman) in the second quarter worth approximately $234,000. Institutional investors own 41.65% of the company’s stock.

ZTO Express (Cayman) Stock Performance

Shares of NYSE:ZTO opened at $20.34 on Friday. ZTO Express has a 12-month low of $18.18 and a 12-month high of $26.20. The company’s 50 day moving average price is $20.98 and its two-hundred day moving average price is $22.80. The firm has a market cap of $11.34 billion, a PE ratio of 10.94, a PEG ratio of 1.00 and a beta of -0.19. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 0.16.

ZTO Express (Cayman) (NYSE:ZTO) last issued its quarterly earnings results on Saturday, August 15th. The transportation company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.06. ZTO Express (Cayman) had a return on equity of 15.90% and a net margin of 19.03%. The business had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.15 billion. The business’s quarterly revenue was up 23.0% compared to the same quarter last year. Equities research analysts predict that ZTO Express will post 1.91 earnings per share for the current year.

ZTO Express (Cayman) Company Profile

ZTO Express (Cayman) Inc is a China-based express delivery and logistics company. Through its network of sorting centers, transportation routes and service outlets, the company provides parcel collection, sorting, line-haul transportation and last-mile delivery services for e-commerce merchants, businesses and individual customers.

The company also offers related logistics services, including freight delivery, supply-chain solutions, international logistics and cloud-based warehouse services.