ZTO Express (Cayman) (NYSE:ZTO) Downgraded by Wall Street Zen to Hold

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

ZTO has been the subject of a number of other research reports. Zacks Research downgraded shares of ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 7th. Macquarie Infrastructure raised shares of ZTO Express (Cayman) from a “hold” rating to a “strong-buy” rating in a research report on Sunday, February 8th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of ZTO Express (Cayman) in a research note on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.36.

ZTO Express (Cayman) Price Performance

ZTO opened at $25.26 on Friday. The business has a fifty day moving average price of $22.44 and a 200 day moving average price of $20.44. ZTO Express has a 12 month low of $16.34 and a 12 month high of $25.52. The stock has a market capitalization of $14.89 billion, a price-to-earnings ratio of 16.73, a PEG ratio of 4.80 and a beta of -0.18.

ZTO Express (Cayman) (NYSE:ZTO) last posted 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 net margin of 18.61% and a return on equity of 14.33%. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period last year, the business posted $2.90 earnings per share. On average, research analysts anticipate that ZTO Express will post 1.57 earnings per share for the current year.

Institutional Trading of ZTO Express (Cayman)

Institutional investors have recently modified their holdings of the stock. TB Alternative Assets Ltd. raised its stake in ZTO Express (Cayman) by 208.5% during the 3rd quarter. TB Alternative Assets Ltd. now owns 254,948 shares of the transportation company’s stock worth $4,895,000 after acquiring an additional 172,300 shares in the last quarter. ABC Arbitrage SA purchased a new position in shares of ZTO Express (Cayman) during the second quarter worth about $349,000. Mackenzie Financial Corp purchased a new position in shares of ZTO Express (Cayman) during the second quarter worth about $12,604,000. Todd Asset Management LLC increased its position in shares of ZTO Express (Cayman) by 6.3% during the third quarter. Todd Asset Management LLC now owns 1,439,998 shares of the transportation company’s stock worth $27,648,000 after purchasing an additional 85,545 shares in the last quarter. Finally, SG Americas Securities LLC lifted its holdings in shares of ZTO Express (Cayman) by 7.0% in the 2nd quarter. SG Americas Securities LLC now owns 343,145 shares of the transportation company’s stock valued at $6,091,000 after purchasing an additional 22,520 shares during the last quarter. Hedge funds and other 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.