ZTO Express (Cayman) (NYSE:ZTO) Rating Lowered to “Hold” at Wall Street Zen

ZTO Express (Cayman) (NYSE:ZTO) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

A number of other equities analysts have also recently issued reports on the stock. JPMorgan Chase & Co. cut shares of ZTO Express (Cayman) from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $29.00 to $22.00 in a research report on Thursday, September 3rd. Weiss Ratings lowered shares of ZTO Express (Cayman) from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, August 31st. Finally, Zacks Research cut ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $26.05.

ZTO Express (Cayman) Price Performance

Shares of ZTO Express (Cayman) stock opened at $20.98 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.67 and a quick ratio of 1.67. The business’s 50 day simple moving average is $22.53 and its two-hundred day simple moving average is $23.32. The stock has a market capitalization of $11.69 billion, a P/E ratio of 11.28, a price-to-earnings-growth ratio of 0.81 and a beta of -0.24. ZTO Express has a one year low of $18.11 and a one year high of $26.20.

ZTO Express (Cayman) (NYSE:ZTO) last announced its quarterly earnings data on Saturday, August 15th. The transportation company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.06. ZTO Express (Cayman) had a return on equity of 15.90% and a net margin of 19.03%.The firm had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.15 billion. The business’s revenue was up 23.0% compared to the same quarter last year. Analysts forecast that ZTO Express will post 1.91 EPS for the current year.

Institutional Trading of ZTO Express (Cayman)

Several large investors have recently added to or reduced their stakes in ZTO. Sequoia Financial Advisors LLC lifted its holdings in ZTO Express (Cayman) by 6.3% in the first quarter. Sequoia Financial Advisors LLC now owns 20,348 shares of the transportation company’s stock worth $512,000 after buying an additional 1,207 shares during the period. GSA Capital Partners LLP grew its holdings in shares of ZTO Express (Cayman) by 1.3% during the 2nd quarter. GSA Capital Partners LLP now owns 113,112 shares of the transportation company’s stock worth $2,531,000 after acquiring an additional 1,422 shares during the period. Confluence Investment Management LLC grew its holdings in shares of ZTO Express (Cayman) by 11.4% during the 2nd quarter. Confluence Investment Management LLC now owns 13,966 shares of the transportation company’s stock worth $313,000 after acquiring an additional 1,426 shares during the period. Leonteq Securities AG purchased a new position in shares of ZTO Express (Cayman) during the 4th quarter worth approximately $30,000. Finally, Corient Private Wealth LP raised its position in shares of ZTO Express (Cayman) by 12.1% in the 2nd quarter. Corient Private Wealth LP now owns 15,186 shares of the transportation company’s stock worth $340,000 after acquiring an additional 1,640 shares in the last quarter. Institutional investors own 41.65% of the company’s stock.

ZTO Express (Cayman) Company Profile

ZTO Express (Cayman) Inc is a China-based express delivery and logistics company. Through its operating network, the company provides parcel collection, sorting, transportation and delivery services for e-commerce merchants, businesses and individual customers.

ZTO’s services primarily cover domestic express delivery in China and are supported by distribution hubs, sorting facilities, transportation routes, delivery outlets and third-party network partners. The company also offers logistics-related services, including freight forwarding and other supply-chain solutions, while serving the needs of China’s growing online retail market.

Founded in 2002, ZTO has expanded its operations alongside the development of China’s e-commerce sector.