ZTO Express (Cayman) (NYSE:ZTO) Upgraded by Wall Street Zen to “Buy” Rating

Wall Street Zen upgraded shares of ZTO Express (Cayman) (NYSE:ZTO) from a hold rating to a buy rating in a research note published on Saturday.

Other equities analysts also recently issued reports about the company. Zacks Research upgraded 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, December 22nd. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $22.36.

ZTO Express (Cayman) Stock Performance

ZTO stock opened at $21.25 on Friday. The company has a 50 day moving average price of $20.00 and a two-hundred day moving average price of $19.25. The stock has a market capitalization of $12.71 billion, a P/E ratio of 14.07, a PEG ratio of 4.24 and a beta of -0.20. ZTO Express has a one year low of $16.34 and a one year high of $22.01.

ZTO Express (Cayman) (NYSE:ZTO) last posted its quarterly earnings data on Thursday, November 20th. The transportation company reported $0.43 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 company’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter last year, the company posted $2.90 EPS. Research analysts forecast that ZTO Express will post 1.57 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ZTO Express (Cayman)

A number of large investors have recently modified their holdings of the stock. Smartleaf Asset Management LLC raised its holdings in shares of ZTO Express (Cayman) by 61.4% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,021 shares of the transportation company’s stock valued at $36,000 after buying an additional 769 shares during the period. First Horizon Corp acquired a new stake in ZTO Express (Cayman) in the third quarter valued at approximately $40,000. CWM LLC raised its stake in shares of ZTO Express (Cayman) by 42.2% during the third quarter. CWM LLC now owns 2,341 shares of the transportation company’s stock valued at $45,000 after purchasing an additional 695 shares during the period. EverSource Wealth Advisors LLC lifted its position in shares of ZTO Express (Cayman) by 156.2% during the second quarter. EverSource Wealth Advisors LLC now owns 3,489 shares of the transportation company’s stock worth $62,000 after purchasing an additional 2,127 shares in the last quarter. Finally, Hantz Financial Services Inc. lifted its position in shares of ZTO Express (Cayman) by 986.2% during the second quarter. Hantz Financial Services Inc. now owns 3,856 shares of the transportation company’s stock worth $68,000 after purchasing an additional 3,501 shares in the last quarter. 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.