ZTO Express (Cayman) (NYSE:ZTO) Hits New 1-Year High – Here’s Why

Shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) hit a new 52-week high during trading on Wednesday . The company traded as high as $22.42 and last traded at $22.3530, with a volume of 583412 shares trading hands. The stock had previously closed at $21.88.

Analysts Set New Price Targets

Several brokerages have recently commented on ZTO. Zacks Research downgraded ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of ZTO Express (Cayman) in a report on Monday, December 29th. Finally, Wall Street Zen upgraded shares of ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a report on Saturday, December 27th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $22.36.

ZTO Express (Cayman) Price Performance

The stock’s 50-day moving average price is $20.60 and its 200-day moving average price is $19.60. The company has a market cap of $13.31 billion, a P/E ratio of 14.88, a PEG ratio of 4.12 and a beta of -0.21.

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

Institutional Trading of ZTO Express (Cayman)

Institutional investors have recently modified their holdings of the stock. Capitolis Liquid Global Markets LLC acquired a new stake in shares of ZTO Express (Cayman) during the 3rd quarter worth $25,672,000. Mackenzie Financial Corp acquired a new stake in ZTO Express (Cayman) during the second quarter worth about $12,604,000. Crossmark Global Holdings Inc. grew its stake in ZTO Express (Cayman) by 2,573.3% during the third quarter. Crossmark Global Holdings Inc. now owns 612,738 shares of the transportation company’s stock worth $11,765,000 after buying an additional 589,817 shares in the last quarter. Norges Bank bought a new position in ZTO Express (Cayman) in the 2nd quarter valued at about $7,446,000. Finally, Pzena Investment Management LLC raised its position in shares of ZTO Express (Cayman) by 4.9% in the 3rd quarter. Pzena Investment Management LLC now owns 7,999,407 shares of the transportation company’s stock valued at $153,589,000 after buying an additional 376,179 shares in the last quarter. 41.65% of the stock is currently owned by institutional investors.

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.