ZTO Express (Cayman) (NYSE:ZTO) Cut to Hold at Wall Street Zen

Key Points

• Wall Street Zen downgraded ZTO Express from “Buy” to “Hold.” Other analysts have also recently reduced their ratings and price targets, although the overall consensus remains “Moderate Buy” with a $24.70 target.
• ZTO shares opened at $20.12, below their 50-day and 200-day moving averages, and remain within a 52-week range of $18.18 to $26.20.
• The company exceeded quarterly earnings expectations with $0.56 EPS versus a $0.50 estimate, while revenue rose 23% year over year to $2.14 billion, narrowly missing forecasts.

ZTO Express (Cayman) (NYSE:ZTO - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report released on Saturday, Wall Street Zen reports.

ZTO has been the topic of several other research reports. JPMorgan Chase & Co. downgraded shares of ZTO Express (Cayman) from an "overweight" rating to a "neutral" rating and lowered their target price for the stock from $29.00 to $22.00 in a report on Thursday, September 3rd. Weiss Ratings lowered shares of ZTO Express (Cayman) from a "hold (c+)" rating to a "hold (c)" rating in a research report on Monday, August 31st. The Goldman Sachs Group cut shares of ZTO Express (Cayman) from a "buy" rating to a "neutral" rating and cut their target price for the company from $25.00 to $22.00 in a research note on Wednesday. Finally, Zacks Research downgraded shares of ZTO Express (Cayman) from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, ZTO Express (Cayman) has a consensus rating of "Moderate Buy" and a consensus target price of $24.70.

ZTO Express (Cayman) Price Performance

NYSE:ZTO opened at $20.12 on Friday. The business's 50-day simple moving average is $20.83 and its two-hundred day simple moving average is $22.76. ZTO Express has a 52 week low of $18.18 and a 52 week high of $26.20. The stock has a market cap of $11.21 billion, a PE ratio of 10.82, a P/E/G ratio of 0.97 and a beta of -0.19. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 0.16.

ZTO Express (Cayman) (NYSE:ZTO - Get Free Report) last released its quarterly earnings data on Saturday, August 15th. The transportation company reported $0.56 earnings per share for the quarter, topping analysts' consensus estimates of $0.50 by $0.06. The firm had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.15 billion. ZTO Express (Cayman) had a return on equity of 15.90% and a net margin of 19.03%. The business's revenue for the quarter was up 23.0% on a year-over-year basis. As a group, analysts forecast that ZTO Express will post 1.91 EPS for the current fiscal year.

Institutional Trading of ZTO Express (Cayman)

Several hedge funds have recently modified their holdings of ZTO. Todd Asset Management LLC grew its holdings in shares of ZTO Express (Cayman) by 10.4% in the second quarter. Todd Asset Management LLC now owns 1,891,052 shares of the transportation company's stock valued at $42,322,000 after purchasing an additional 178,235 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in ZTO Express (Cayman) by 1,506.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 920,352 shares of the transportation company's stock worth $23,165,000 after purchasing an additional 863,078 shares during the last quarter. Renaissance Technologies LLC increased its position in ZTO Express (Cayman) by 400.2% in the first quarter. Renaissance Technologies LLC now owns 618,800 shares of the transportation company's stock worth $15,575,000 after purchasing an additional 495,100 shares during the last quarter. Icon Advisers Inc. Co. raised its stake in ZTO Express (Cayman) by 20.0% during the first quarter. Icon Advisers Inc. Co. now owns 240,000 shares of the transportation company's stock valued at $6,041,000 after purchasing an additional 40,000 shares in the last quarter. Finally, Sei Investments Co. raised its stake in ZTO Express (Cayman) by 575.6% during the first quarter. Sei Investments Co. now owns 211,401 shares of the transportation company's stock valued at $5,321,000 after purchasing an additional 180,110 shares in the last quarter. 41.65% of the stock is owned by hedge funds and other institutional investors.

About ZTO Express (Cayman)

ZTO Express (Cayman) Inc is a China-based express delivery and logistics company. Through its network of sorting centers, transportation routes and service outlets, the company provides parcel collection, sorting, line-haul transportation and last-mile delivery services for e-commerce merchants, businesses and individual customers.

The company also offers related logistics services, including freight delivery, supply-chain solutions, international logistics and cloud-based warehouse services.

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