ZTO Express (Cayman) (NYSE:ZTO) Shares Gap Up to $21.39

ZTO Express (Cayman) Inc. (NYSE:ZTO - Get Free Report)'s share price gapped up prior to trading on Thursday . The stock had previously closed at $21.39, but opened at $23.52. ZTO Express (Cayman) shares last traded at $23.20, with a volume of 4,630,297 shares changing hands.

Analyst Ratings Changes

ZTO has been the topic of several recent research reports. Bank of America upgraded shares of ZTO Express (Cayman) from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $22.00 to $29.00 in a research report on Thursday, March 21st. StockNews.com downgraded shares of ZTO Express (Cayman) from a "buy" rating to a "hold" rating in a report on Tuesday, February 6th. JPMorgan Chase & Co. dropped their price objective on shares of ZTO Express (Cayman) from $37.00 to $30.00 and set an "overweight" rating for the company in a research note on Thursday, March 21st. Finally, HSBC reduced their target price on ZTO Express (Cayman) from $32.00 to $30.00 and set a "buy" rating on the stock in a research note on Thursday, March 21st. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, ZTO Express (Cayman) has an average rating of "Moderate Buy" and an average target price of $30.00.

ZTO Express (Cayman) Trading Up 10.1 %

The company has a market cap of $14.29 billion, a PE ratio of 15.91, a price-to-earnings-growth ratio of 1.33 and a beta of -0.05. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.12. The business has a 50 day simple moving average of $20.93 and a two-hundred day simple moving average of $20.47.

ZTO Express (Cayman) (NYSE:ZTO - Get Free Report) last issued its quarterly earnings results on Tuesday, March 19th. The transportation company reported $0.38 earnings per share (EPS) for the quarter. The firm had revenue of $1.50 billion for the quarter. ZTO Express (Cayman) had a return on equity of 15.24% and a net margin of 22.70%. On average, analysts forecast that ZTO Express will post 1.7 EPS for the current fiscal year.

ZTO Express (Cayman) Announces Dividend

The business also recently announced an annual dividend, which was paid on Monday, April 29th. Investors of record on Wednesday, April 10th were issued a $0.61 dividend. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a yield of 2.82%. ZTO Express (Cayman)'s payout ratio is 41.22%.

Hedge Funds Weigh In On ZTO Express (Cayman)

A number of large investors have recently bought and sold shares of ZTO. EntryPoint Capital LLC acquired a new stake in ZTO Express (Cayman) during the 1st quarter worth approximately $43,000. Tower Research Capital LLC TRC grew its stake in ZTO Express (Cayman) by 31.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,278 shares of the transportation company's stock worth $70,000 after buying an additional 791 shares during the period. Blue Trust Inc. increased its position in shares of ZTO Express (Cayman) by 1,333.1% in the fourth quarter. Blue Trust Inc. now owns 4,973 shares of the transportation company's stock worth $106,000 after acquiring an additional 4,626 shares in the last quarter. Barometer Capital Management Inc. purchased a new position in shares of ZTO Express (Cayman) in the 4th quarter valued at $126,000. Finally, U S Global Investors Inc. lifted its holdings in shares of ZTO Express (Cayman) by 50.6% during the 4th quarter. U S Global Investors Inc. now owns 6,636 shares of the transportation company's stock valued at $141,000 after acquiring an additional 2,231 shares in the last quarter. Hedge funds and other institutional investors own 41.65% of the company's stock.

About ZTO Express (Cayman)

ZTO Express (Cayman) Inc provides express delivery and other value-added logistics services in the People's Republic of China. It offers freight forwarding services; and delivery services for e-commerce and traditional merchants, and other express service users. The company was founded in 2002 and is headquartered in Shanghai, the People's Republic of China.