ZTO Express (Cayman) (NYSE:ZTO) Upgraded at Macquarie Capit

Macquarie Capit upgraded shares of ZTO Express (Cayman) (NYSE:ZTO) from a hold rating to a strong-buy rating in a research note issued to investors on Sunday morning,Zacks.com reports.

Other equities research analysts have also issued reports about the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of ZTO Express (Cayman) in a research note on Monday, December 29th. Wall Street Zen upgraded shares of ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Zacks Research downgraded ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 7th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $22.36.

ZTO Express (Cayman) Trading Up 1.4%

Shares of ZTO stock opened at $24.46 on Friday. ZTO Express has a 1-year low of $16.34 and a 1-year high of $24.66. The stock has a market cap of $14.42 billion, a price-to-earnings ratio of 16.20, a PEG ratio of 4.55 and a beta of -0.18. The stock has a 50-day moving average of $21.82 and a 200-day moving average of $20.16.

ZTO Express (Cayman) (NYSE:ZTO) last posted its quarterly earnings data on Thursday, November 20th. The transportation company reported $0.43 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%.The firm’s revenue was up 11.1% compared to the same quarter last year. During the same period last year, the business earned $2.90 earnings per share. Sell-side analysts forecast that ZTO Express will post 1.57 earnings per share for the current year.

Hedge Funds Weigh In On ZTO Express (Cayman)

Institutional investors have recently made changes to their positions in the stock. Capitolis Liquid Global Markets LLC bought a new position in shares of ZTO Express (Cayman) during the 3rd quarter worth about $25,672,000. Mackenzie Financial Corp acquired a new position in ZTO Express (Cayman) during the 2nd quarter worth approximately $12,604,000. Crossmark Global Holdings Inc. raised its stake in ZTO Express (Cayman) by 2,573.3% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 612,738 shares of the transportation company’s stock worth $11,765,000 after buying an additional 589,817 shares during the period. Norges Bank bought a new position in ZTO Express (Cayman) in the second quarter worth approximately $7,446,000. Finally, Pzena Investment Management LLC boosted its holdings in ZTO Express (Cayman) by 4.9% in the third quarter. Pzena Investment Management LLC now owns 7,999,407 shares of the transportation company’s stock worth $153,589,000 after acquiring an additional 376,179 shares in the last quarter. Institutional investors and hedge funds 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.