ZTO Express (Cayman) (NYSE:ZTO) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen upgraded ZTO Express from “hold” to “buy,” while the broader analyst consensus remains “Moderate Buy” with an average price target of $26.05.
• ZTO reported quarterly earnings of $0.56 per share, beating estimates of $0.50, while revenue rose 23% year over year to $2.14 billion, slightly below expectations.
• The stock opened at $19.52, near its 52-week low of $18.11 and below its 50-day and 200-day moving averages, indicating recent price weakness despite the earnings beat.

ZTO Express (Cayman) (NYSE:ZTO - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Sunday, Wall Street Zen reports.

Several other analysts have also recently weighed in on ZTO. Weiss Ratings cut ZTO Express (Cayman) from a "hold (c+)" rating to a "hold (c)" rating in a report on Monday, August 31st. Zacks Research lowered shares of ZTO Express (Cayman) from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 5th. Finally, JPMorgan Chase & Co. cut shares of ZTO Express (Cayman) from an "overweight" rating to a "neutral" rating and lowered their price target for the stock from $29.00 to $22.00 in a research report on Thursday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $26.05.

ZTO Express (Cayman) Price Performance

NYSE:ZTO opened at $19.52 on Friday. The firm has a market cap of $10.88 billion, a P/E ratio of 10.50, a PEG ratio of 0.76 and a beta of -0.24. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 0.16. The business's 50-day moving average price is $22.06 and its 200 day moving average price is $23.21. ZTO Express has a 52-week low of $18.11 and a 52-week high of $26.20.

ZTO Express (Cayman) (NYSE:ZTO - Get Free Report) last released its earnings results 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. ZTO Express (Cayman) had a return on equity of 15.90% and a net margin of 19.03%.The company had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.15 billion. The business's revenue was up 23.0% on a year-over-year basis. As a group, sell-side analysts predict that ZTO Express will post 1.91 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Todd Asset Management LLC increased its stake in 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 boosted its position in shares of ZTO Express (Cayman) by 1,506.9% during 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 in the last quarter. BNP Paribas Financial Markets grew its holdings in shares of ZTO Express (Cayman) by 30.1% in the 4th quarter. BNP Paribas Financial Markets now owns 768,626 shares of the transportation company's stock valued at $16,057,000 after buying an additional 177,866 shares during the period. Renaissance Technologies LLC grew its holdings in shares of ZTO Express (Cayman) by 400.2% in the 1st quarter. Renaissance Technologies LLC now owns 618,800 shares of the transportation company's stock valued at $15,575,000 after buying an additional 495,100 shares during the period. Finally, Hsbc Holdings PLC increased its position in shares of ZTO Express (Cayman) by 93.9% in the 4th quarter. Hsbc Holdings PLC now owns 249,469 shares of the transportation company's stock valued at $5,211,000 after buying an additional 120,835 shares in the last quarter. Institutional investors own 41.65% of the company's stock.

ZTO Express (Cayman) Company Profile

ZTO Express (Cayman) Inc is a China-based express delivery and logistics company. Through its operating network, the company provides parcel collection, sorting, transportation and delivery services for e-commerce merchants, businesses and individual customers.

ZTO's services primarily cover domestic express delivery in China and are supported by distribution hubs, sorting facilities, transportation routes, delivery outlets and third-party network partners. The company also offers logistics-related services, including freight forwarding and other supply-chain solutions, while serving the needs of China's growing online retail market.

Founded in 2002, ZTO has expanded its operations alongside the development of China's e-commerce sector.

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