ZTO Express (Cayman) (NYSE:ZTO) Share Price Crosses Above Fifty Day Moving Average – What’s Next?

Shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) crossed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $20.30 and traded as high as $20.39. ZTO Express (Cayman) shares last traded at $20.3520, with a volume of 1,567,827 shares traded.

Analyst Ratings Changes

A number of research analysts recently commented on ZTO shares. The Goldman Sachs Group downgraded shares of ZTO Express (Cayman) from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $25.00 to $22.00 in a research report on Wednesday, October 14th. Wall Street Zen downgraded shares of ZTO Express (Cayman) from a “buy” rating to a “hold” rating in a research report on Saturday, October 17th. Zacks Research downgraded shares of ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 5th. JPMorgan Chase & Co. lowered shares of ZTO Express (Cayman) from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $29.00 to $22.00 in a research note on Thursday, September 3rd. Finally, Weiss Ratings cut shares of ZTO Express (Cayman) from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, August 31st. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, ZTO Express (Cayman) has an average rating of “Moderate Buy” and an average price target of $24.70.

ZTO Express (Cayman) Price Performance

The company’s 50-day simple moving average is $20.30 and its 200 day simple moving average is $22.84. The company has a market capitalization of $11.34 billion, a P/E ratio of 10.94, a P/E/G ratio of 0.95 and a beta of -0.19. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 0.16.

ZTO Express (Cayman) (NYSE:ZTO) last released its quarterly earnings results on Saturday, August 15th. The transportation company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.06. ZTO Express (Cayman) had a net margin of 19.03% and a return on equity of 15.90%. The business had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.15 billion. The business’s quarterly revenue was up 23.0% compared to the same quarter last year. As a group, sell-side analysts expect that ZTO Express will post 1.91 earnings per share for the current fiscal year.

Hedge Funds Weigh In On ZTO Express (Cayman)

Several institutional investors have recently bought and sold shares of the stock. U S Global Investors Inc. lifted its stake in shares of ZTO Express (Cayman) by 3.7% in the third quarter. U S Global Investors Inc. now owns 25,184 shares of the transportation company’s stock worth $489,000 after buying an additional 888 shares during the last quarter. Profund Advisors LLC boosted its holdings in shares of ZTO Express (Cayman) by 1.9% during the 3rd quarter. Profund Advisors LLC now owns 58,895 shares of the transportation company’s stock worth $1,144,000 after buying an additional 1,097 shares during the period. Sequoia Financial Advisors LLC grew its stake in ZTO Express (Cayman) by 6.3% in the 1st quarter. Sequoia Financial Advisors LLC now owns 20,348 shares of the transportation company’s stock valued at $512,000 after buying an additional 1,207 shares during the last quarter. GSA Capital Partners LLP grew its stake in ZTO Express (Cayman) by 1.3% in the 2nd quarter. GSA Capital Partners LLP now owns 113,112 shares of the transportation company’s stock valued at $2,531,000 after buying an additional 1,422 shares during the last quarter. Finally, Confluence Investment Management LLC grew its stake in ZTO Express (Cayman) by 11.4% in the 2nd quarter. Confluence Investment Management LLC now owns 13,966 shares of the transportation company’s stock valued at $313,000 after buying an additional 1,426 shares during the last quarter. 41.65% of the stock is currently owned by institutional investors.

About ZTO Express (Cayman)

ZTO Express (Cayman) Inc is a holding company that operates ZTO Express, one of China’s major express delivery and logistics providers. The company provides parcel collection, sorting, line-haul transportation and last-mile delivery services, supporting shipments for consumers, merchants and businesses across China.

ZTO’s business is closely connected to China’s e-commerce economy, handling deliveries for online retailers and individual customers. Its operations include a nationwide network of sorting centers, transportation routes, service outlets and delivery personnel.