Zto Express Inc (ZTO) Earns Reduce Rating from Analysts at HSBC Holdings plc
Research analysts at HSBC Holdings plc started coverage on shares of Zto Express Inc (NYSE:ZTO) in a note issued to investors on Tuesday, The Fly reports. The firm set a “reduce” rating on the transportation company’s stock.
Several other equities analysts have also recently issued reports on the company. Zacks Investment Research upgraded Zto Express from a “sell” rating to a “hold” rating in a report on Tuesday, July 25th. UBS AG assumed coverage on Zto Express in a report on Tuesday, July 11th. They issued a “buy” rating on the stock. Finally, CLSA assumed coverage on Zto Express in a report on Monday, June 26th. They issued a “sell” rating on the stock. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $18.17.
Shares of Zto Express (NYSE ZTO) opened at 15.03 on Tuesday. The firm has a 50-day moving average of $14.73 and a 200-day moving average of $13.66. Zto Express has a one year low of $11.14 and a one year high of $18.45. The firm has a market capitalization of $10.83 billion and a P/E ratio of 32.75.
Zto Express (NYSE:ZTO) last posted its quarterly earnings results on Wednesday, May 17th. The transportation company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.01. The firm had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.58 billion. The company’s revenue for the quarter was up 33.5% compared to the same quarter last year. On average, equities analysts predict that Zto Express will post $0.62 earnings per share for the current fiscal year.
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Institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC purchased a new position in Zto Express during the second quarter valued at about $531,000. First Trust Advisors LP purchased a new position in Zto Express during the second quarter valued at about $1,754,000. Canada Pension Plan Investment Board boosted its position in Zto Express by 737.6% in the second quarter. Canada Pension Plan Investment Board now owns 169,200 shares of the transportation company’s stock valued at $2,362,000 after buying an additional 149,000 shares in the last quarter. Pictet Asset Management Ltd. purchased a new position in Zto Express during the second quarter valued at about $9,774,000. Finally, Sei Investments Co. boosted its position in Zto Express by 117.7% in the second quarter. Sei Investments Co. now owns 26,517 shares of the transportation company’s stock valued at $370,000 after buying an additional 14,337 shares in the last quarter. Institutional investors and hedge funds own 20.32% of the company’s stock.
Zto Express Company Profile
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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