ZTO Express (Cayman) (NYSE:ZTO) Sees Unusually-High Trading Volume – Here’s Why

ZTO Express (Cayman) Inc. (NYSE:ZTO) saw unusually-strong trading volume on Monday. Approximately 2,176,411 shares were traded during trading, an increase of 11% from the previous session’s volume of 1,963,769 shares. The stock last traded at $19.6750 and had previously closed at $19.49.

Analyst Upgrades and Downgrades

ZTO has been the topic of several recent research reports. 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. Wall Street Zen upgraded shares of ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a research report on Sunday. JPMorgan Chase & Co. downgraded shares of ZTO Express (Cayman) from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $29.00 to $22.00 in a research note on Thursday, September 3rd. Finally, Weiss Ratings lowered shares of ZTO Express (Cayman) from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, August 31st. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $26.05.

ZTO Express (Cayman) Stock Performance

The firm has a 50 day simple moving average of $22.06 and a 200-day simple moving average of $23.21. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.67 and a quick ratio of 1.67. The company has a market cap of $10.97 billion, a price-to-earnings ratio of 10.58, a PEG ratio of 0.76 and a beta of -0.24.

ZTO Express (Cayman) (NYSE:ZTO) last posted its earnings results on Saturday, August 15th. The transportation company reported $0.56 EPS for the quarter, beating 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 company had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.15 billion. The company’s quarterly revenue was up 23.0% compared to the same quarter last year. As a group, analysts predict that ZTO Express will post 1.91 EPS for the current fiscal year.

Institutional Trading of ZTO Express (Cayman)

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Todd Asset Management LLC lifted its position in ZTO Express (Cayman) by 10.4% in the second quarter. Todd Asset Management LLC now owns 1,891,052 shares of the transportation company’s stock valued at $42,322,000 after buying an additional 178,235 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in ZTO Express (Cayman) by 1,506.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 920,352 shares of the transportation company’s stock worth $23,165,000 after buying an additional 863,078 shares during the period. Renaissance Technologies LLC boosted its stake in ZTO Express (Cayman) by 400.2% during the first quarter. Renaissance Technologies LLC now owns 618,800 shares of the transportation company’s stock worth $15,575,000 after buying an additional 495,100 shares during the period. QRG Capital Management Inc. acquired a new stake in shares of ZTO Express (Cayman) during the first quarter valued at about $653,000. Finally, Sei Investments Co. increased its position in shares of ZTO Express (Cayman) by 575.6% during the first quarter. Sei Investments Co. now owns 211,401 shares of the transportation company’s stock valued at $5,321,000 after acquiring an additional 180,110 shares during the last quarter. 41.65% of the stock is currently owned by hedge funds and other institutional investors.

ZTO Express (Cayman) Company Profile

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.