ZTO Express (Cayman) (NYSE:ZTO) Sets New 1-Year High – Time to Buy?

ZTO Express (Cayman) Inc. (NYSE:ZTO) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $24.33 and last traded at $24.12, with a volume of 1217459 shares. The stock had previously closed at $24.09.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on ZTO shares. Zacks Research cut ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 7th. Weiss Ratings reissued a “hold (c)” rating on shares of ZTO Express (Cayman) in a research note 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. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $22.36.

ZTO Express (Cayman) Stock Up 0.1%

The business has a fifty day moving average of $21.74 and a 200 day moving average of $20.14. The company has a market cap of $14.22 billion, a P/E ratio of 15.97, a P/E/G ratio of 4.54 and a beta of -0.18.

ZTO Express (Cayman) (NYSE:ZTO) last issued its quarterly earnings data 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%. During the same quarter in the previous year, the company earned $2.90 EPS. The business’s revenue was up 11.1% on a year-over-year basis. On average, sell-side analysts anticipate that ZTO Express will post 1.57 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Leonteq Securities AG purchased a new position in ZTO Express (Cayman) during the fourth quarter valued at $30,000. Smartleaf Asset Management LLC grew its position in shares of ZTO Express (Cayman) by 61.4% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,021 shares of the transportation company’s stock worth $36,000 after buying an additional 769 shares during the period. First Horizon Corp bought a new position in shares of ZTO Express (Cayman) in the 3rd quarter worth about $40,000. CWM LLC lifted its position in ZTO Express (Cayman) by 42.2% during the 3rd quarter. CWM LLC now owns 2,341 shares of the transportation company’s stock valued at $45,000 after acquiring an additional 695 shares during the period. Finally, Assetmark Inc. boosted its stake in ZTO Express (Cayman) by 1,713.0% during the fourth quarter. Assetmark Inc. now owns 2,375 shares of the transportation company’s stock worth $50,000 after acquiring an additional 2,244 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 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.