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

Key Points

• Wall Street Zen upgraded ZTO Express from “hold” to “buy.” Other firms recently issued more cautious ratings, and MarketBeat’s overall consensus remains “Moderate Buy,” with a $24.70 target price.
• ZTO reported quarterly earnings of $0.56 per share, above the $0.50 consensus estimate, while revenue of $2.14 billion fell slightly short of estimates. Revenue increased 23% year over year.
• The stock opened at $20.78, within its 52-week range of $18.31 to $26.20; institutional investors and hedge funds own 41.65% of its shares.

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

A number of other research firms also recently weighed in on ZTO. Weiss Ratings downgraded ZTO Express (Cayman) from a "hold (c+)" rating to a "hold (c)" rating in a research report on Monday, August 31st. Zacks Research lowered ZTO Express (Cayman) from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 5th. JPMorgan Chase & Co. lowered ZTO Express (Cayman) from an "overweight" rating to a "neutral" rating and reduced their price objective for the stock from $29.00 to $22.00 in a research note on Thursday, September 3rd. Finally, The Goldman Sachs Group cut ZTO Express (Cayman) from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $25.00 to $22.00 in a research note on Wednesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $24.70.

ZTO Express (Cayman) Stock Performance

NYSE:ZTO opened at $20.78 on Friday. ZTO Express has a fifty-two week low of $18.31 and a fifty-two week high of $26.20. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.67 and a current ratio of 1.67. The company has a 50 day simple moving average of $20.24 and a two-hundred day simple moving average of $22.80. The company has a market capitalization of $11.58 billion, a PE ratio of 11.00, a P/E/G ratio of 0.98 and a beta of -0.18.

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, beating 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. Research analysts anticipate that ZTO Express will post 1.91 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of ZTO. Fifth Third Bancorp grew its holdings in ZTO Express (Cayman) by 3.0% in the 3rd quarter. Fifth Third Bancorp now owns 26,867 shares of the transportation company's stock valued at $522,000 after buying an additional 786 shares during the period. Point Nemo Capital LLC boosted its position in shares of ZTO Express (Cayman) by 13.6% during the third quarter. Point Nemo Capital LLC now owns 67,220 shares of the transportation company's stock worth $1,305,000 after purchasing an additional 8,051 shares in the last quarter. Ethic Inc. increased its holdings in shares of ZTO Express (Cayman) by 16.5% during the 3rd quarter. Ethic Inc. now owns 31,758 shares of the transportation company's stock worth $617,000 after acquiring an additional 4,502 shares during the last quarter. Profund Advisors LLC increased its position in ZTO Express (Cayman) by 1.9% during the 3rd quarter. Profund Advisors LLC now owns 58,895 shares of the transportation company's stock worth $1,144,000 after purchasing an additional 1,097 shares in the last quarter. Finally, Vise Technologies Inc. bought a new position in ZTO Express (Cayman) during the third quarter worth $203,000. 41.65% of the stock is owned by institutional investors and hedge funds.

About ZTO Express (Cayman)

ZTO Express (Cayman) Inc is a holding company that operates ZTO Express, one of China's major express delivery and logistics providers. The company provides parcel collection, sorting, line-haul transportation and last-mile delivery services, supporting shipments for consumers, merchants and businesses across China.

ZTO's business is closely connected to China's e-commerce economy, handling deliveries for online retailers and individual customers. Its operations include a nationwide network of sorting centers, transportation routes, service outlets and delivery personnel.

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