ZTO Express (Cayman) (NYSE:ZTO) Stock Rating Upgraded by Wall Street Zen

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

Several other brokerages have also weighed in on ZTO. Zacks Research lowered ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of ZTO Express (Cayman) in a report on Monday, December 29th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $22.36.

ZTO Express (Cayman) Trading Up 2.1%

Shares of NYSE:ZTO opened at $24.13 on Friday. The firm’s 50 day moving average is $21.67 and its two-hundred day moving average is $20.10. The firm has a market capitalization of $14.22 billion, a P/E ratio of 15.98, a PEG ratio of 4.46 and a beta of -0.18. ZTO Express has a 52 week low of $16.34 and a 52 week high of $24.14.

ZTO Express (Cayman) (NYSE:ZTO) last released its quarterly earnings results on Thursday, November 20th. The transportation company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.51 by ($2.08). ZTO Express (Cayman) had a return on equity of 14.33% and a net margin of 18.61%.The firm’s quarterly revenue was up 11.1% on a year-over-year basis. During the same period in the prior year, the firm posted $2.90 earnings per share. Analysts predict that ZTO Express will post 1.57 EPS for the current year.

Institutional Investors Weigh In On ZTO Express (Cayman)

A number of hedge funds and other institutional investors have recently bought and sold shares of ZTO. Capitolis Liquid Global Markets LLC acquired a new position in shares of ZTO Express (Cayman) during the 3rd quarter worth approximately $25,672,000. Mackenzie Financial Corp bought a new stake in ZTO Express (Cayman) in the 2nd quarter valued at about $12,604,000. Crossmark Global Holdings Inc. boosted its stake in shares of ZTO Express (Cayman) by 2,573.3% in the third quarter. Crossmark Global Holdings Inc. now owns 612,738 shares of the transportation company’s stock valued at $11,765,000 after buying an additional 589,817 shares during the period. Norges Bank bought a new stake in shares of ZTO Express (Cayman) during the 2nd quarter valued at $7,446,000. Finally, Pzena Investment Management LLC lifted its position in ZTO Express (Cayman) by 4.9% during the third quarter. Pzena Investment Management LLC now owns 7,999,407 shares of the transportation company’s stock worth $153,589,000 after purchasing an additional 376,179 shares during the period. Institutional investors and hedge funds own 41.65% of the company’s stock.

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.