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

ZTO Express (Cayman) Inc. (NYSE:ZTO)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $22.09 and last traded at $22.0050, with a volume of 273840 shares trading hands. The stock had previously closed at $21.71.

Analysts Set New Price Targets

ZTO has been the topic of several analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of ZTO Express (Cayman) in a report on Monday, December 29th. Wall Street Zen upgraded shares of ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a research report on Saturday, December 27th. Finally, Zacks Research upgraded shares of ZTO Express (Cayman) from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 3rd. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $22.36.

ZTO Express (Cayman) Price Performance

The stock’s 50-day moving average is $20.25 and its two-hundred day moving average is $19.43. The stock has a market cap of $13.10 billion, a P/E ratio of 14.49, a price-to-earnings-growth ratio of 3.87 and a beta of -0.21.

ZTO Express (Cayman) (NYSE:ZTO) last announced its quarterly earnings results on Thursday, November 20th. The transportation company reported $0.43 earnings per share (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 business’s revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.90 earnings per share. On average, analysts anticipate that ZTO Express will post 1.57 EPS for the current fiscal year.

Institutional Investors Weigh In On ZTO Express (Cayman)

Hedge funds have recently made changes to their positions in the company. Smartleaf Asset Management LLC boosted its stake in ZTO Express (Cayman) by 61.4% during the second 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 last quarter. First Horizon Corp purchased a new stake in shares of ZTO Express (Cayman) during the 3rd quarter worth approximately $40,000. CWM LLC raised its holdings in shares of ZTO Express (Cayman) by 42.2% during the 3rd quarter. CWM LLC now owns 2,341 shares of the transportation company’s stock worth $45,000 after acquiring an additional 695 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of ZTO Express (Cayman) by 156.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,489 shares of the transportation company’s stock valued at $62,000 after acquiring an additional 2,127 shares during the last quarter. Finally, Hantz Financial Services Inc. grew its holdings in shares of ZTO Express (Cayman) by 986.2% in the second quarter. Hantz Financial Services Inc. now owns 3,856 shares of the transportation company’s stock valued at $68,000 after purchasing an additional 3,501 shares in the last quarter. 41.65% of the stock is currently owned by hedge funds and other institutional investors.

About ZTO Express (Cayman)

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.