ZTO Express (Cayman) (NYSE:ZTO) Cut to “Hold” at Wall Street Zen

Wall Street Zen lowered shares of ZTO Express (Cayman) (NYSE:ZTO) from a buy rating to a hold rating in a research note published on Saturday morning,Wall Street Zen reports.

A number of other analysts have also weighed in on the company. Zacks Research lowered ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 5th. 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. Finally, JPMorgan Chase & Co. lowered shares of ZTO Express (Cayman) from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $29.00 to $22.00 in a report on Thursday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $26.05.

ZTO Express (Cayman) Stock Down 7.3%

ZTO opened at $19.44 on Friday. ZTO Express has a 12 month low of $18.11 and a 12 month high of $26.20. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 0.16. The business’s 50-day moving average price is $22.44 and its 200-day moving average price is $23.30. The company has a market cap of $10.83 billion, a P/E ratio of 10.45, a P/E/G ratio of 0.81 and a beta of -0.24.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Squarepoint Ops LLC increased its stake in shares of ZTO Express (Cayman) by 18.5% during the second quarter. Squarepoint Ops LLC now owns 40,261 shares of the transportation company’s stock valued at $901,000 after buying an additional 6,297 shares during the period. Nykredit A S purchased a new stake in ZTO Express (Cayman) in the second quarter worth $328,000. Allianz Asset Management GmbH purchased a new stake in ZTO Express (Cayman) in the second quarter worth $780,000. Corient Private Wealth LP boosted its holdings in 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 valued at $340,000 after acquiring an additional 1,640 shares in the last quarter. Finally, HighTower Advisors LLC bought a new stake in ZTO Express (Cayman) in the second quarter valued at $234,000. Institutional investors own 41.65% of the company’s stock.

About ZTO Express (Cayman)

ZTO Express (Cayman) Inc is a China-based express delivery and logistics company. Through its operating network, the company provides parcel collection, sorting, transportation and delivery services for e-commerce merchants, businesses and individual customers.

ZTO’s services primarily cover domestic express delivery in China and are supported by distribution hubs, sorting facilities, transportation routes, delivery outlets and third-party network partners. The company also offers logistics-related services, including freight forwarding and other supply-chain solutions, while serving the needs of China’s growing online retail market.

Founded in 2002, ZTO has expanded its operations alongside the development of China’s e-commerce sector.