ZTO Express (Cayman) (NYSE:ZTO) Share Price Crosses Above Fifty Day Moving Average – What’s Next?

Shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) crossed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $20.30 and traded as high as $20.39. ZTO Express (Cayman) shares last traded at $20.3520, with a volume of 1,567,827 shares trading hands.

Wall Street Analyst Weigh In

A number of research firms have recently commented on ZTO. JPMorgan Chase & Co. lowered ZTO Express (Cayman) from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $29.00 to $22.00 in a research note on Thursday, September 3rd. Wall Street Zen downgraded ZTO Express (Cayman) from a “buy” rating to a “hold” rating in a research note on Saturday, October 17th. Zacks Research downgraded ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 5th. Weiss Ratings lowered ZTO Express (Cayman) from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, August 31st. Finally, The Goldman Sachs Group downgraded ZTO Express (Cayman) from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $25.00 to $22.00 in a research report on Wednesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, ZTO Express (Cayman) currently has a consensus rating of “Moderate Buy” and an average price target of $24.70.

ZTO Express (Cayman) Trading Up 1.0%

The firm has a market capitalization of $11.34 billion, a P/E ratio of 10.94, a PEG ratio of 0.95 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. The business has a 50-day moving average price of $20.30 and a 200-day moving average price of $22.84.

ZTO Express (Cayman) (NYSE:ZTO) last issued 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. The business had revenue of $2.14 billion during the quarter, compared to analyst estimates 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 revenue was up 23.0% compared to the same quarter last year. Analysts anticipate that ZTO Express will post 1.91 earnings per share for the current year.

Hedge Funds Weigh In On ZTO Express (Cayman)

A number of hedge funds have recently made changes to their positions in the business. Profund Advisors LLC lifted its holdings in shares of ZTO Express (Cayman) by 1.9% during the 3rd quarter. Profund Advisors LLC now owns 58,895 shares of the transportation company’s stock worth $1,144,000 after acquiring an additional 1,097 shares during the period. Vise Technologies Inc. acquired a new stake in shares of ZTO Express (Cayman) during the 3rd quarter valued at about $203,000. Summit Global Investments acquired a new stake in shares of ZTO Express (Cayman) during the 3rd quarter valued at about $239,000. U S Global Investors Inc. increased its stake in ZTO Express (Cayman) by 3.7% in the third quarter. U S Global Investors Inc. now owns 25,184 shares of the transportation company’s stock valued at $489,000 after acquiring an additional 888 shares during the period. Finally, Quadrant Capital Group LLC increased its stake in ZTO Express (Cayman) by 114.5% in the third quarter. Quadrant Capital Group LLC now owns 66,021 shares of the transportation company’s stock valued at $1,365,000 after acquiring an additional 35,240 shares during the period. Institutional investors and hedge funds own 41.65% of the company’s stock.

About ZTO Express (Cayman)

ZTO Express (Cayman) Inc is a holding company that operates ZTO Express, one of China’s major express delivery and logistics providers. The company provides parcel collection, sorting, line-haul transportation and last-mile delivery services, supporting shipments for consumers, merchants and businesses across China.

ZTO’s business is closely connected to China’s e-commerce economy, handling deliveries for online retailers and individual customers. Its operations include a nationwide network of sorting centers, transportation routes, service outlets and delivery personnel.