ZTO Express (Cayman) (NYSE:ZTO) Shares Gap Down to $23.86

ZTO Express (Cayman) Inc. (NYSE:ZTOGet Free Report)’s share price gapped down before the market opened on Friday . The stock had previously closed at $23.86, but opened at $23.31. ZTO Express (Cayman) shares last traded at $23.24, with a volume of 424,460 shares traded.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on ZTO shares. JPMorgan Chase & Co. dropped their price target on ZTO Express (Cayman) from $37.00 to $30.00 and set an “overweight” rating on the stock in a report on Thursday, March 21st. Bank of America upgraded ZTO Express (Cayman) from a “neutral” rating to a “buy” rating and boosted their target price for the company from $22.00 to $29.00 in a research note on Thursday, March 21st. HSBC lowered their target price on ZTO Express (Cayman) from $32.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, March 21st. Finally, StockNews.com lowered ZTO Express (Cayman) from a “buy” rating to a “hold” rating in a research note on Tuesday, February 6th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.00.

Check Out Our Latest Research Report on ZTO Express (Cayman)

ZTO Express (Cayman) Stock Performance

The company has a 50-day moving average of $21.64 and a 200 day moving average of $20.48. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $13.83 billion, a PE ratio of 16.05, a PEG ratio of 1.05 and a beta of -0.05.

ZTO Express (Cayman) (NYSE:ZTOGet Free Report) last released its earnings results on Tuesday, March 19th. The transportation company reported $0.38 earnings per share for the quarter. ZTO Express (Cayman) had a return on equity of 15.39% and a net margin of 21.57%. The company had revenue of $1.50 billion during the quarter. Equities research analysts predict that ZTO Express will post 1.7 EPS for the current year.

ZTO Express (Cayman) Announces Dividend

The business also recently announced an annual dividend, which was paid on Monday, April 29th. Stockholders of record on Wednesday, April 10th were paid a $0.61 dividend. This represents a dividend yield of 2.82%. The ex-dividend date of this dividend was Tuesday, April 9th. ZTO Express (Cayman)’s dividend payout ratio (DPR) is presently 42.96%.

Institutional Investors Weigh In On ZTO Express (Cayman)

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC lifted its stake in shares of ZTO Express (Cayman) by 31.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,278 shares of the transportation company’s stock valued at $70,000 after acquiring an additional 791 shares during the last quarter. Public Sector Pension Investment Board raised its position in ZTO Express (Cayman) by 1.0% during the 3rd quarter. Public Sector Pension Investment Board now owns 128,897 shares of the transportation company’s stock valued at $3,115,000 after purchasing an additional 1,300 shares during the last quarter. EntryPoint Capital LLC bought a new position in ZTO Express (Cayman) during the 1st quarter valued at approximately $43,000. U S Global Investors Inc. raised its position in ZTO Express (Cayman) by 32.8% during the 1st quarter. U S Global Investors Inc. now owns 8,815 shares of the transportation company’s stock valued at $185,000 after purchasing an additional 2,179 shares during the last quarter. Finally, California State Teachers Retirement System raised its position in ZTO Express (Cayman) by 4.5% during the 1st quarter. California State Teachers Retirement System now owns 97,342 shares of the transportation company’s stock valued at $2,038,000 after purchasing an additional 4,148 shares during the last quarter. Institutional investors own 41.65% of the company’s stock.

ZTO Express (Cayman) Company Profile

(Get Free Report)

ZTO Express (Cayman) Inc provides express delivery and other value-added logistics services in the People's Republic of China. It offers freight forwarding services; and delivery services for e-commerce and traditional merchants, and other express service users. The company was founded in 2002 and is headquartered in Shanghai, the People's Republic of China.

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