ZTO Express (Cayman) (NYSE:ZTO) Upgraded at Wall Street Zen

ZTO Express (Cayman) (NYSE:ZTO) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday.

Several other research analysts have also recently commented on ZTO. Weiss Ratings reissued a “hold (c)” rating on shares of ZTO Express (Cayman) in a research report on Monday, December 29th. Zacks Research downgraded ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 7th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $22.36.

ZTO Express (Cayman) Stock Up 2.1%

NYSE ZTO opened at $24.13 on Friday. The business’s fifty day simple moving average is $21.67 and its 200-day simple moving average is $20.10. The firm has a market cap of $14.22 billion, a PE ratio of 15.98, a P/E/G ratio of 4.46 and a beta of -0.18. ZTO Express has a 52 week low of $16.34 and a 52 week high of $24.14.

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 return on equity of 14.33% and a net margin of 18.61%.During the same quarter last year, the company posted $2.90 EPS. The company’s revenue for the quarter was up 11.1% compared to the same quarter last year. Research analysts expect that ZTO Express will post 1.57 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Leonteq Securities AG purchased a new position in shares of ZTO Express (Cayman) during the 4th quarter worth about $30,000. Smartleaf Asset Management LLC grew its holdings in shares of ZTO Express (Cayman) by 61.4% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,021 shares of the transportation company’s stock worth $36,000 after purchasing an additional 769 shares during the period. First Horizon Corp acquired a new stake in shares of ZTO Express (Cayman) in the third quarter worth $40,000. CWM LLC increased its holdings in ZTO Express (Cayman) by 42.2% in the 3rd quarter. CWM LLC now owns 2,341 shares of the transportation company’s stock valued at $45,000 after purchasing an additional 695 shares in the last quarter. Finally, Assetmark Inc. grew its stake in shares of ZTO Express (Cayman) by 1,713.0% in the fourth quarter. Assetmark Inc. now owns 2,375 shares of the transportation company’s stock valued at $50,000 after buying an additional 2,244 shares in the last quarter. 41.65% of the stock is currently owned by institutional investors and hedge funds.

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.