ZTO Express (Cayman) Inc. (NYSE:ZTO) Receives Consensus Rating of “Hold” from Analysts

ZTO Express (Cayman) Inc. (NYSE:ZTO) has received a consensus rating of “Hold” from the five research firms that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $24.53.

Several brokerages recently issued reports on ZTO. Hsbc Global Res cut ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 21st. StockNews.com cut ZTO Express (Cayman) from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, HSBC lowered shares of ZTO Express (Cayman) from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $28.00 to $20.00 in a research report on Tuesday, January 21st.

ZTO Express (Cayman) Stock Up 2.9 %

Shares of NYSE ZTO opened at $21.33 on Friday. The stock has a market capitalization of $12.89 billion, a price-to-earnings ratio of 14.71, a price-to-earnings-growth ratio of 1.03 and a beta of -0.13. ZTO Express has a 52 week low of $17.89 and a 52 week high of $27.50. The firm has a 50-day moving average price of $19.43 and a 200 day moving average price of $20.98.

ZTO Express (Cayman) (NYSE:ZTO) last issued its earnings results on Tuesday, March 18th. The transportation company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.03). ZTO Express (Cayman) had a net margin of 20.56% and a return on equity of 15.44%. Equities research analysts expect that ZTO Express will post 1.57 EPS for the current fiscal year.

Hedge Funds Weigh In On ZTO Express (Cayman)

Several hedge funds have recently bought and sold shares of ZTO. Point72 DIFC Ltd purchased a new stake in shares of ZTO Express (Cayman) in the third quarter valued at $26,000. Van ECK Associates Corp raised its stake in ZTO Express (Cayman) by 60.8% in the 3rd quarter. Van ECK Associates Corp now owns 1,825 shares of the transportation company’s stock valued at $46,000 after purchasing an additional 690 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in ZTO Express (Cayman) in the 3rd quarter valued at about $46,000. Blue Trust Inc. boosted its stake in shares of ZTO Express (Cayman) by 119.8% during the 4th quarter. Blue Trust Inc. now owns 5,061 shares of the transportation company’s stock worth $99,000 after purchasing an additional 2,758 shares during the last quarter. Finally, Confluence Investment Management LLC grew its holdings in shares of ZTO Express (Cayman) by 14.8% during the fourth quarter. Confluence Investment Management LLC now owns 10,282 shares of the transportation company’s stock worth $201,000 after buying an additional 1,326 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.