ZTO Express (Cayman) (NYSE:ZTO) Upgraded to Buy at Wall Street Zen

Key Points

• Upgraded to "Buy" by Wall Street Zen (from "hold"), with Macquarie Infrastructure also raising its rating to "strong-buy"; consensus across analysts is a Moderate Buy with a $22.36 average target (1 Strong Buy, 3 Buy, 3 Hold).
• ZTO shares opened at $24.78, with a market cap of $13.97 billion, a PE of 15.68, PEG of 1.24, and a 52-week range of $16.68–$26.20.
• Latest quarter: EPS $0.47 on revenue of $2.07 billion, net margin 18.5% and ROE 14.05%; analysts forecast about 1.57 EPS for the current fiscal year.

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 report released on Saturday.

Other equities research analysts also recently issued reports about the stock. Macquarie Infrastructure raised shares of ZTO Express (Cayman) from a "hold" rating to a "strong-buy" rating in a research report on Sunday, February 8th. Zacks Research downgraded shares of ZTO Express (Cayman) from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, January 7th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of ZTO Express (Cayman) in a research report on Friday, March 27th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $22.36.

ZTO Express (Cayman) Price Performance

NYSE:ZTO opened at $24.78 on Friday. The firm has a 50-day moving average of $24.26 and a 200-day moving average of $21.67. The company has a market cap of $13.97 billion, a PE ratio of 15.68, a PEG ratio of 1.24 and a beta of -0.17. ZTO Express has a one year low of $16.68 and a one year high of $26.20.

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

Institutional Investors Weigh In On ZTO Express (Cayman)

A number of institutional investors have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd purchased a new position in ZTO Express (Cayman) in the fourth quarter valued at about $25,000. Leonteq Securities AG purchased a new position in ZTO Express (Cayman) in the fourth quarter valued at about $30,000. Atlas Capital Advisors Inc. purchased a new position in ZTO Express (Cayman) in the fourth quarter valued at about $35,000. Smartleaf Asset Management LLC boosted its stake in ZTO Express (Cayman) by 61.4% in the second quarter. Smartleaf Asset Management LLC now owns 2,021 shares of the transportation company's stock valued at $36,000 after acquiring an additional 769 shares during the last quarter. Finally, First Horizon Corp purchased a new position in ZTO Express (Cayman) in the third quarter valued at about $40,000. 41.65% of the stock is owned by institutional investors.

About ZTO Express (Cayman)

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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