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

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

Other research analysts have also issued reports about the stock. Macquarie Infrastructure upgraded shares of ZTO Express (Cayman) from a “hold” rating to a “strong-buy” rating in a research note on Sunday, February 8th. Zacks Research cut ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 7th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of ZTO Express (Cayman) in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $22.36.

ZTO Express (Cayman) Trading Down 0.7%

Shares of ZTO opened at $25.26 on Friday. The company’s 50 day simple moving average is $22.44 and its 200-day simple moving average is $20.44. The firm has a market cap of $14.89 billion, a PE ratio of 16.73, a price-to-earnings-growth ratio of 4.80 and a beta of -0.18. ZTO Express has a 12-month low of $16.34 and a 12-month high of $25.52.

ZTO Express (Cayman) (NYSE:ZTO) last released its quarterly earnings results on Thursday, November 20th. The transportation company reported $0.43 EPS for the quarter, missing the consensus estimate 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 quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.90 earnings per share. As a group, equities research analysts forecast that ZTO Express will post 1.57 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in ZTO. Royal Bank of Canada lifted its position in ZTO Express (Cayman) by 22.9% in the first quarter. Royal Bank of Canada now owns 175,128 shares of the transportation company’s stock valued at $3,475,000 after purchasing an additional 32,663 shares during the period. Integrated Wealth Concepts LLC acquired a new position in ZTO Express (Cayman) during the 1st quarter worth approximately $421,000. Hantz Financial Services Inc. raised its stake in shares of ZTO Express (Cayman) by 986.2% during the 2nd quarter. Hantz Financial Services Inc. now owns 3,856 shares of the transportation company’s stock worth $68,000 after buying an additional 3,501 shares in the last quarter. Virtus Family Office LLC lifted its holdings in shares of ZTO Express (Cayman) by 354.3% in the 2nd quarter. Virtus Family Office LLC now owns 217,547 shares of the transportation company’s stock valued at $3,861,000 after buying an additional 169,660 shares during the period. Finally, Bank of Montreal Can lifted its holdings in shares of ZTO Express (Cayman) by 1.0% in the 2nd quarter. Bank of Montreal Can now owns 84,694 shares of the transportation company’s stock valued at $1,503,000 after buying an additional 812 shares during the period. 41.65% of the stock is currently owned by institutional investors and hedge funds.

About ZTO Express (Cayman)

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.