ZTO Express (Cayman) Inc. (NYSE:ZTO) Receives Average Rating of “Moderate Buy” from Brokerages

ZTO Express (Cayman) Inc. (NYSE:ZTOGet Rating) has been given an average rating of “Moderate Buy” by the seven brokerages that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $37.70.

Separately, JPMorgan Chase & Co. raised shares of ZTO Express (Cayman) from a “neutral” rating to an “overweight” rating and raised their target price for the company from $27.00 to $35.00 in a research note on Friday, August 19th.

Hedge Funds Weigh In On ZTO Express (Cayman)

A number of institutional investors and hedge funds have recently made changes to their positions in ZTO. Pinebridge Investments L.P. grew its stake in shares of ZTO Express (Cayman) by 325.0% in the 2nd quarter. Pinebridge Investments L.P. now owns 1,275 shares of the transportation company’s stock worth $35,000 after buying an additional 975 shares in the last quarter. Captrust Financial Advisors purchased a new position in shares of ZTO Express (Cayman) in the 2nd quarter worth $36,000. Exane Derivatives purchased a new position in shares of ZTO Express (Cayman) in the 1st quarter worth $45,000. Janiczek Wealth Management LLC grew its stake in shares of ZTO Express (Cayman) by 77.9% in the 2nd quarter. Janiczek Wealth Management LLC now owns 2,807 shares of the transportation company’s stock worth $72,000 after buying an additional 1,229 shares in the last quarter. Finally, Advisor Group Holdings Inc. grew its stake in shares of ZTO Express (Cayman) by 14.1% in the 4th quarter. Advisor Group Holdings Inc. now owns 2,993 shares of the transportation company’s stock worth $84,000 after buying an additional 369 shares in the last quarter. 39.22% of the stock is owned by hedge funds and other institutional investors.

ZTO Express (Cayman) Price Performance

Shares of ZTO stock opened at $26.96 on Tuesday. The company has a market capitalization of $16.27 billion, a price-to-earnings ratio of 25.20, a PEG ratio of 1.26 and a beta of -0.06. ZTO Express has a one year low of $19.72 and a one year high of $34.82. The company’s fifty day moving average price is $26.23 and its 200-day moving average price is $25.89.

ZTO Express (Cayman) (NYSE:ZTOGet Rating) last announced its quarterly earnings data on Wednesday, August 17th. The transportation company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.27 by $0.06. The firm had revenue of $1.29 billion for the quarter. ZTO Express (Cayman) had a net margin of 16.95% and a return on equity of 11.88%. Equities research analysts expect that ZTO Express will post 1.13 earnings per share for the current fiscal year.

ZTO Express (Cayman) Company Profile

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ZTO Express (Cayman) Inc provides express delivery and other value-added logistics services in the People's Republic of China. The company offers delivery services for e-commerce and traditional merchants, and other express service users. As of December 31, 2021, it operated a fleet of approximately 10,900 trucks.

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Analyst Recommendations for ZTO Express (Cayman) (NYSE:ZTO)

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