ZTO Express (Cayman) (NYSE:ZTO) Given New $29.00 Price Target at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. raised its price target on ZTO Express from $25 to $29 and kept an "overweight" rating, implying roughly a 15.56% upside from the current share price.
• Analysts are mixed but overall view is a Moderate Buy consensus—one Strong Buy, three Buy and three Hold—with an average price target of $23.96.
• Shares traded around $25.10 (market cap ≈ $14.15B) after ZTO reported quarterly EPS of $0.47 on $2.07B revenue, and analysts forecast about 1.57 EPS for the year.

ZTO Express (Cayman) (NYSE:ZTO - Get Free Report) had its target price upped by research analysts at JPMorgan Chase & Co. from $25.00 to $29.00 in a research report issued on Monday,Benzinga reports. The firm currently has an "overweight" rating on the transportation company's stock. JPMorgan Chase & Co.'s price target indicates a potential upside of 15.56% from the stock's current price.

Other equities research analysts also recently issued research reports about the company. Zacks Research downgraded ZTO Express (Cayman) from a "strong-buy" rating to a "hold" rating in a report on Wednesday, January 7th. Macquarie Infrastructure upgraded ZTO Express (Cayman) from a "hold" rating to a "strong-buy" rating in a report on Sunday, February 8th. Wall Street Zen upgraded ZTO Express (Cayman) from a "hold" rating to a "buy" rating in a report on Saturday. Finally, Weiss Ratings restated a "hold (c)" rating on shares of ZTO Express (Cayman) in a report on Friday, March 27th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, ZTO Express (Cayman) has an average rating of "Moderate Buy" and a consensus price target of $23.96.

ZTO Express (Cayman) Price Performance

Shares of ZTO stock traded up $0.34 on Monday, hitting $25.10. The stock had a trading volume of 469,618 shares, compared to its average volume of 2,014,023. The firm has a market capitalization of $14.15 billion, a P/E ratio of 15.88, a P/E/G ratio of 1.26 and a beta of -0.17. ZTO Express has a 1 year low of $16.68 and a 1 year high of $26.20. The company's 50 day moving average price is $24.26 and its 200-day moving average price is $21.71.

ZTO Express (Cayman) (NYSE:ZTO - Get Free Report) last posted its quarterly earnings data on Saturday, February 14th. The transportation company reported $0.47 earnings per share (EPS) for the quarter. The firm had revenue of $2.07 billion for the quarter. ZTO Express (Cayman) had a return on equity of 14.05% and a net margin of 18.50%. On average, equities analysts forecast that ZTO Express will post 1.57 EPS for the current year.

Institutional Investors Weigh In On ZTO Express (Cayman)

Several large investors have recently bought and sold shares of ZTO. Capitolis Liquid Global Markets LLC purchased a new position in shares of ZTO Express (Cayman) in the 3rd quarter valued at about $25,672,000. Crossmark Global Holdings Inc. increased its holdings in shares of ZTO Express (Cayman) by 2,573.3% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 612,738 shares of the transportation company's stock valued at $11,765,000 after acquiring an additional 589,817 shares during the last quarter. Pzena Investment Management LLC increased its holdings in shares of ZTO Express (Cayman) by 4.9% in the 3rd quarter. Pzena Investment Management LLC now owns 7,999,407 shares of the transportation company's stock valued at $153,589,000 after acquiring an additional 376,179 shares during the last quarter. Todd Asset Management LLC increased its holdings in shares of ZTO Express (Cayman) by 17.8% in the 4th quarter. Todd Asset Management LLC now owns 1,697,019 shares of the transportation company's stock valued at $35,451,000 after acquiring an additional 257,021 shares during the last quarter. Finally, OPTIMAS CAPITAL Ltd purchased a new position in shares of ZTO Express (Cayman) in the 4th quarter valued at about $4,005,000. Hedge funds and other institutional investors own 41.65% of the company's stock.

ZTO Express (Cayman) Company Profile

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.

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