ZTO Express (Cayman) Inc. (NYSE:ZTO) Receives $22.36 Average Target Price from Analysts

Shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) have been given a consensus rating of “Moderate Buy” by the seven brokerages that are currently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $22.36.

A number of equities analysts recently commented on ZTO shares. Weiss Ratings reiterated a “hold (c)” rating on shares of ZTO Express (Cayman) in a report on Monday, December 29th. Macquarie Infrastructure upgraded ZTO Express (Cayman) from a “hold” rating to a “strong-buy” rating in a research note on Sunday, February 8th. Wall Street Zen cut ZTO Express (Cayman) from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. Finally, Zacks Research downgraded ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 7th.

Hedge Funds Weigh In On ZTO Express (Cayman)

Large investors have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd acquired a new stake in shares of ZTO Express (Cayman) during the 4th quarter worth about $25,000. Leonteq Securities AG acquired a new position in ZTO Express (Cayman) in the 4th quarter valued at about $30,000. Atlas Capital Advisors Inc. bought a new position in ZTO Express (Cayman) in the 4th quarter valued at about $35,000. Smartleaf Asset Management LLC raised its holdings in ZTO Express (Cayman) by 61.4% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,021 shares of the transportation company’s stock valued at $36,000 after acquiring an additional 769 shares during the period. Finally, First Horizon Corp acquired a new stake in ZTO Express (Cayman) during the third quarter worth approximately $40,000. 41.65% of the stock is owned by institutional investors.

ZTO Express (Cayman) Trading Down 1.2%

Shares of ZTO opened at $24.02 on Tuesday. The company’s fifty day simple moving average is $23.69 and its 200 day simple moving average is $21.24. ZTO Express has a 1-year low of $16.34 and a 1-year high of $26.20. The company has a market cap of $13.98 billion, a price-to-earnings ratio of 15.20, a PEG ratio of 1.24 and a beta of -0.20.

ZTO Express (Cayman) (NYSE:ZTO) last announced its quarterly earnings results on Wednesday, March 18th. The transportation company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.03. ZTO Express (Cayman) had a net margin of 18.50% and a return on equity of 14.05%. ZTO Express (Cayman)’s revenue for the quarter was up 12.3% on a year-over-year basis. As a group, research analysts forecast that ZTO Express will post 1.57 earnings per share for the current year.

ZTO Express (Cayman) Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Wednesday, April 29th. Shareholders of record on Wednesday, April 8th will be given a dividend of $0.39 per share. This represents a yield of 305.0%. The ex-dividend date of this dividend is Wednesday, April 8th. ZTO Express (Cayman)’s payout ratio is 36.71%.

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.