ZTO Express (Cayman) Inc. (NYSE:ZTO) Stock Now Rated “Moderate Buy” by Wall Street Brokerages

ZTO Express (Cayman) Inc. (NYSE:ZTO) has been given a consensus rating of “Moderate Buy” by the five ratings firms that are currently covering the company, Marketbeat reports. Three equities 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 updated their coverage on the stock in the last year is $26.05.

ZTO has been the subject of several research reports. JPMorgan Chase & Co. cut shares of ZTO Express (Cayman) from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $29.00 to $22.00 in a research report on Thursday, September 3rd. Wall Street Zen raised shares of ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a research note on Sunday, September 27th. Weiss Ratings lowered ZTO Express (Cayman) from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, August 31st. Finally, Zacks Research cut ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 5th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd bought a new position in shares of ZTO Express (Cayman) during the fourth quarter valued at approximately $42,000. Northwestern Mutual Wealth Management Co. lifted its holdings in ZTO Express (Cayman) by 2,225.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,604 shares of the transportation company’s stock worth $81,000 after buying an additional 3,449 shares during the period. Bayforest Capital Ltd purchased a new position in shares of ZTO Express (Cayman) in the 2nd quarter valued at $129,000. Parallel Advisors LLC raised its position in shares of ZTO Express (Cayman) by 58.4% in the 1st quarter. Parallel Advisors LLC now owns 5,276 shares of the transportation company’s stock worth $133,000 after acquiring an additional 1,946 shares in the last quarter. Finally, Cetera Investment Advisers purchased a new stake in shares of ZTO Express (Cayman) during the 1st quarter worth $212,000. Hedge funds and other institutional investors own 41.65% of the company’s stock.

ZTO Express (Cayman) Stock Up 1.2%

Shares of ZTO opened at $20.14 on Friday. The firm has a fifty day moving average price of $21.20 and a 200-day moving average price of $22.90. 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 firm has a market capitalization of $11.23 billion, a P/E ratio of 10.83, a P/E/G ratio of 0.96 and a beta of -0.19. ZTO Express has a 12-month low of $18.11 and a 12-month high of $26.20.

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