Daiwa Capital Markets Begins Coverage on Zto Express Inc (ZTO)
Stock analysts at Daiwa Capital Markets initiated coverage on shares of Zto Express Inc (NYSE:ZTO) in a research note issued on Thursday. The firm set a “buy” rating and a $18.50 price target on the transportation company’s stock. Daiwa Capital Markets’ price target indicates a potential upside of 15.70% from the company’s previous close.
A number of other analysts have also recently weighed in on ZTO. Zacks Investment Research raised shares of Zto Express from a “sell” rating to a “hold” rating in a research report on Thursday, October 12th. Macquarie started coverage on shares of Zto Express in a research report on Tuesday, September 19th. They set an “outperform” rating and a $17.30 price target for the company. HSBC Holdings plc started coverage on shares of Zto Express in a research report on Tuesday, August 8th. They set a “reduce” rating and a $12.50 price target for the company. Finally, UBS AG started coverage on shares of Zto Express in a research report on Tuesday, July 11th. They set a “buy” rating for the company. Two research analysts have rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $17.79.
Zto Express (NYSE:ZTO) last released its quarterly earnings data on Tuesday, August 22nd. The transportation company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01. The business had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $3.02 billion. Zto Express had a return on equity of 14.83% and a net margin of 22.54%. The firm’s revenue was up 29.9% on a year-over-year basis.
A number of institutional investors have recently made changes to their positions in the stock. First Trust Advisors LP boosted its position in Zto Express by 16.9% during the 3rd quarter. First Trust Advisors LP now owns 146,951 shares of the transportation company’s stock worth $2,063,000 after purchasing an additional 21,297 shares during the period. GRATRY & Co LLC purchased a new stake in Zto Express during the 3rd quarter worth $1,036,000. Robeco Institutional Asset Management B.V. purchased a new stake in Zto Express during the 3rd quarter worth $1,636,000. Summitview Investment Management purchased a new stake in Zto Express during the 3rd quarter worth $1,904,000. Finally, Nomura Holdings Inc. boosted its position in Zto Express by 632.8% during the 2nd quarter. Nomura Holdings Inc. now owns 153,525 shares of the transportation company’s stock worth $2,145,000 after purchasing an additional 132,574 shares during the period. 22.84% of the stock is 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.
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