Analysts at UBS AG began coverage on shares of Zto Express Inc (NYSE:ZTO) in a report issued on Tuesday, The Fly reports. The firm set a “buy” rating on the transportation company’s stock.

Several other research firms have also recently issued reports on ZTO. Zacks Investment Research cut Zto Express from a “hold” rating to a “sell” rating in a research note on Wednesday, March 15th. CLSA initiated coverage on Zto Express in a research note on Monday, June 26th. They set a “sell” rating on the stock. Two investment analysts have rated the stock with a sell rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $18.17.

Shares of Zto Express (NYSE ZTO) traded up 1.9628% during mid-day trading on Tuesday, hitting $15.0701. 3,681,818 shares of the stock traded hands. The stock has a market cap of $10.86 billion and a price-to-earnings ratio of 32.9762. The firm’s 50-day moving average is $14.33 and its 200-day moving average is $13.31. Zto Express has a 52 week low of $11.14 and a 52 week high of $18.45.

Zto Express (NYSE:ZTO) last announced its quarterly earnings data on Wednesday, May 17th. The transportation company reported $0.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.01. The company had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.58 billion. The company’s quarterly revenue was up 33.5% compared to the same quarter last year. On average, analysts forecast that Zto Express will post $0.62 earnings per share for the current year.

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Several institutional investors have recently bought and sold shares of the stock. Warburg Pincus LLC acquired a new position in Zto Express during the fourth quarter valued at about $481,040,000. Temasek Holdings Private Ltd acquired a new position in Zto Express during the fourth quarter valued at about $146,973,000. Thornburg Investment Management Inc. acquired a new position in Zto Express during the fourth quarter valued at about $55,882,000. Neuberger Berman Group LLC acquired a new position in Zto Express during the first quarter valued at about $59,961,000. Finally, Zimmer Partners LP acquired a new position in Zto Express during the fourth quarter valued at about $43,903,000. 19.07% of the stock is currently owned by hedge funds and other institutional investors.

About Zto Express

ZTO Express (Cayman) Inc is an express delivery company in China. The Company provides express delivery service through its nationwide network, as well as other value-added logistics services. The Company provides its services for a range of online merchants and consumers transacting on the Chinese e-commerce platforms, such as Alibaba and JD.com.

The Fly

Analyst Recommendations for Zto Express (NYSE:ZTO)

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