ZTO Express (Cayman) (NYSE:ZTO) Shares Gap Down – Here’s Why

ZTO Express (Cayman) Inc. (NYSE:ZTO)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $23.55, but opened at $22.67. ZTO Express (Cayman) shares last traded at $22.9490, with a volume of 369,655 shares.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Wall Street Zen upgraded ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. Morgan Stanley reiterated an “overweight” rating and issued a $30.10 target price on shares of ZTO Express (Cayman) in a report on Wednesday. Zacks Research upgraded ZTO Express (Cayman) from a “hold” rating to a “strong-buy” rating in a report on Monday, April 13th. Macquarie Infrastructure upgraded ZTO Express (Cayman) from a “hold” rating to a “strong-buy” rating in a report on Sunday, February 8th. Finally, Weiss Ratings cut ZTO Express (Cayman) from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $27.03.

ZTO Express (Cayman) Price Performance

The company has a fifty day moving average of $24.73 and a 200 day moving average of $22.82. The firm has a market capitalization of $12.88 billion, a P/E ratio of 14.01, a PEG ratio of 1.17 and a beta of -0.18.

ZTO Express (Cayman) (NYSE:ZTO) last announced its earnings results on Saturday, February 14th. The transportation company reported $0.47 EPS for the quarter. ZTO Express (Cayman) had a return on equity of 14.16% and a net margin of 17.87%.The business had revenue of $2.07 billion for the quarter. On average, sell-side analysts forecast that ZTO Express will post 1.82 EPS for the current year.

ZTO Express (Cayman) Announces Dividend

The firm also recently declared a dividend, which was paid on Wednesday, April 29th. Shareholders of record on Wednesday, April 8th were paid a $0.39 dividend. The ex-dividend date of this dividend was Wednesday, April 8th. This represents a yield of 318.0%. ZTO Express (Cayman)’s payout ratio is 48.10%.

Hedge Funds Weigh In On ZTO Express (Cayman)

Several institutional investors have recently added to or reduced their stakes in ZTO. Caitong International Asset Management Co. Ltd acquired a new position in ZTO Express (Cayman) in the fourth quarter valued at approximately $25,000. Leonteq Securities AG bought a new position in shares of ZTO Express (Cayman) in the 4th quarter worth $30,000. Atlas Capital Advisors Inc. bought a new position in shares of ZTO Express (Cayman) in the 4th quarter worth $35,000. Smartleaf Asset Management LLC lifted its holdings in shares of ZTO Express (Cayman) by 61.4% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,021 shares of the transportation company’s stock worth $36,000 after purchasing an additional 769 shares in the last quarter. Finally, Assetmark Inc. lifted its holdings in shares of ZTO Express (Cayman) by 1,713.0% in the 4th quarter. Assetmark Inc. now owns 2,375 shares of the transportation company’s stock worth $50,000 after purchasing an additional 2,244 shares in the last quarter. 41.65% of the stock is owned by institutional investors and hedge funds.

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.