ZTO Express (Cayman) (NYSE:ZTO) Upgraded to Buy at Wall Street Zen

ZTO Express (Cayman) (NYSE:ZTO) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

ZTO has been the topic of several other research reports. Zacks Research raised shares of ZTO Express (Cayman) from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of ZTO Express (Cayman) in a research report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $22.36.

ZTO Express (Cayman) Trading Down 0.1%

NYSE:ZTO opened at $21.25 on Friday. ZTO Express has a 12-month low of $16.34 and a 12-month high of $22.01. The firm has a market cap of $12.71 billion, a PE ratio of 14.07, a price-to-earnings-growth ratio of 4.24 and a beta of -0.20. The stock has a fifty day moving average price of $20.00 and a 200 day moving average price of $19.24.

ZTO Express (Cayman) (NYSE:ZTO) last posted its quarterly earnings results on Thursday, November 20th. The transportation company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.51 by ($2.08). ZTO Express (Cayman) had a net margin of 18.61% and a return on equity of 14.33%. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period last year, the business posted $2.90 earnings per share. Equities analysts forecast that ZTO Express will post 1.57 EPS for the current year.

Institutional Trading of ZTO Express (Cayman)

Several institutional investors and hedge funds have recently made changes to their positions in the company. Smartleaf Asset Management LLC lifted its stake in shares of ZTO Express (Cayman) by 61.4% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,021 shares of the transportation company’s stock worth $36,000 after acquiring an additional 769 shares during the period. First Horizon Corp acquired a new position in shares of ZTO Express (Cayman) during the third quarter worth about $40,000. CWM LLC raised its holdings in ZTO Express (Cayman) by 42.2% during the third quarter. CWM LLC now owns 2,341 shares of the transportation company’s stock worth $45,000 after purchasing an additional 695 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in ZTO Express (Cayman) by 156.2% in the second quarter. EverSource Wealth Advisors LLC now owns 3,489 shares of the transportation company’s stock valued at $62,000 after purchasing an additional 2,127 shares during the period. Finally, Parallel Advisors LLC lifted its position in ZTO Express (Cayman) by 74.3% in the third quarter. Parallel Advisors LLC now owns 3,668 shares of the transportation company’s stock valued at $70,000 after purchasing an additional 1,563 shares during the period. 41.65% of the stock is owned by hedge funds and other institutional investors.

ZTO Express (Cayman) Company Profile

ZTO Express (Cayman) Inc is one of China’s leading express delivery companies, specializing in both domestic and cross-border parcel logistics. The company operates a technology-enabled network that connects shippers, independent pickup and delivery stations, regional sorting hubs and end customers. ZTO’s service portfolio includes standard express, heavy-weight parcel delivery, time-definite shipments and e-commerce logistics solutions tailored for online retailers and marketplaces.

Founded in 2002 and headquartered in Shanghai, ZTO has grown rapidly by leveraging a franchise-style operating model that engages a broad network of independent contractors.