ZTO Express (Cayman) (NYSE:ZTO) Upgraded at StockNews.com

ZTO Express (Cayman) (NYSE:ZTO – Get Rating) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Friday.

Several other analysts have also commented on the company. HSBC raised their target price on ZTO Express (Cayman) from $33.00 to $36.00 and gave the stock a “buy” rating in a report on Friday, March 17th. Bank of America raised their target price on ZTO Express (Cayman) from $36.00 to $39.00 in a research report on Thursday, May 18th. Finally, The Goldman Sachs Group upgraded ZTO Express (Cayman) from a “neutral” rating to a “buy” rating and raised their target price for the company from $37.00 to $42.00 in a research report on Monday, April 24th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, ZTO Express (Cayman) currently has an average rating of “Buy” and an average price target of $36.96.

ZTO Express (Cayman) Stock Down 1.8 %

Shares of NYSE ZTO opened at $27.25 on Friday. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $16.92 billion, a PE ratio of 20.34, a price-to-earnings-growth ratio of 1.20 and a beta of 0.04. ZTO Express has a 12-month low of $16.27 and a 12-month high of $30.05. The stock’s fifty day simple moving average is $28.31 and its two-hundred day simple moving average is $26.71.

ZTO Express (Cayman) (NYSE:ZTO – Get Rating) last announced its quarterly earnings data on Wednesday, March 15th. The transportation company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.02. ZTO Express (Cayman) had a return on equity of 14.25% and a net margin of 20.76%. The firm had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.34 billion. As a group, analysts expect that ZTO Express will post 1.43 EPS for the current fiscal year.

Institutional Investors Weigh In On ZTO Express (Cayman)

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Serenity Capital Management PTE. LTD. acquired a new position in ZTO Express (Cayman) during the 4th quarter worth $179,049,000. Green Court Capital Management Ltd boosted its position in shares of ZTO Express (Cayman) by 35.8% during the 3rd quarter. Green Court Capital Management Ltd now owns 9,731,965 shares of the transportation company’s stock worth $233,859,000 after acquiring an additional 2,563,465 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of ZTO Express (Cayman) by 63.9% during the 1st quarter. Wellington Management Group LLP now owns 5,599,212 shares of the transportation company’s stock worth $139,980,000 after acquiring an additional 2,182,319 shares in the last quarter. BlackRock Inc. boosted its position in shares of ZTO Express (Cayman) by 10.0% in the 1st quarter. BlackRock Inc. now owns 19,764,920 shares of the transportation company’s stock valued at $566,463,000 after purchasing an additional 1,796,713 shares during the period. Finally, Bank of America Corp DE boosted its position in shares of ZTO Express (Cayman) by 124.3% in the 4th quarter. Bank of America Corp DE now owns 3,187,970 shares of the transportation company’s stock valued at $85,661,000 after purchasing an additional 1,766,746 shares during the period. Hedge funds and other institutional investors own 40.56% of the company’s stock.

About ZTO Express (Cayman)

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ZTO Express (Cayman), Inc engages in the provision of comprehensive logistics services. It offers express delivery and value-added logistics services through a nationwide network partner. The firm also provides digital, privacy waybill and cloud printing. It operates through the Express Delivery and Freight Forwarding segments.