ZTO EXPRESS INC (ZTO) Receives Consensus Rating of “Hold” from Brokerages
ZTO EXPRESS INC (NYSE:ZTO) has been given a consensus recommendation of “Hold” by the nine research firms that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $17.75.
Several equities analysts have recently weighed in on the stock. Zacks Investment Research raised shares of ZTO EXPRESS INC from a “sell” rating to a “hold” rating in a report on Tuesday, July 25th. HSBC Holdings plc assumed coverage on shares of ZTO EXPRESS INC in a report on Tuesday. They set a “reduce” rating and a $12.50 target price for the company. UBS AG assumed coverage on shares of ZTO EXPRESS INC in a report on Tuesday, July 11th. They set a “buy” rating for the company. Finally, CLSA assumed coverage on shares of ZTO EXPRESS INC in a report on Monday, June 26th. They set a “sell” rating for the company.
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A number of large investors have recently modified their holdings of the company. FMR LLC bought a new stake in shares of ZTO EXPRESS INC during the fourth quarter valued at approximately $4,095,000. Guggenheim Capital LLC bought a new stake in shares of ZTO EXPRESS INC during the fourth quarter valued at approximately $763,000. Macquarie Group Ltd. bought a new stake in shares of ZTO EXPRESS INC during the fourth quarter valued at approximately $6,034,000. Vontobel Asset Management Inc. raised its stake in shares of ZTO EXPRESS INC by 5.7% in the first quarter. Vontobel Asset Management Inc. now owns 403,731 shares of the transportation company’s stock valued at $5,285,000 after buying an additional 21,861 shares during the last quarter. Finally, Quantitative Systematic Strategies LLC raised its stake in shares of ZTO EXPRESS INC by 29.2% in the first quarter. Quantitative Systematic Strategies LLC now owns 22,240 shares of the transportation company’s stock valued at $291,000 after buying an additional 5,021 shares during the last quarter. 20.32% of the stock is owned by institutional investors.
Shares of ZTO EXPRESS INC (NYSE:ZTO) traded down 3.318% during mid-day trading on Friday, reaching $14.425. 1,653,110 shares of the company’s stock were exchanged. The company has a market capitalization of $10.39 billion and a PE ratio of 31.223. The company’s 50-day moving average price is $14.74 and its 200-day moving average price is $13.66. ZTO EXPRESS INC has a one year low of $11.14 and a one year high of $18.45.
ZTO EXPRESS INC (NYSE:ZTO) last posted its earnings results on Wednesday, May 17th. The transportation company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.01. The firm had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.58 billion. The firm’s revenue for the quarter was up 33.5% on a year-over-year basis. On average, equities analysts expect that ZTO EXPRESS INC will post $0.62 earnings per share for the current year.
About ZTO EXPRESS INC
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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