ZTO Express (Cayman) (NYSE:ZTO) Lowered to “Hold” at StockNews.com

StockNews.com cut shares of ZTO Express (Cayman) (NYSE:ZTOFree Report) from a buy rating to a hold rating in a report issued on Tuesday.

Separately, Bank of America lowered shares of ZTO Express (Cayman) from a buy rating to a neutral rating and decreased their price target for the stock from $34.00 to $28.00 in a research report on Tuesday, November 7th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, ZTO Express (Cayman) presently has a consensus rating of Moderate Buy and a consensus target price of $33.40.

Check Out Our Latest Research Report on ZTO Express (Cayman)

ZTO Express (Cayman) Trading Up 7.4 %

ZTO Express (Cayman) stock opened at $17.82 on Tuesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.17 and a current ratio of 1.17. The firm has a market cap of $10.81 billion, a price-to-earnings ratio of 11.96, a price-to-earnings-growth ratio of 0.58 and a beta of -0.07. ZTO Express has a 1 year low of $15.90 and a 1 year high of $30.05. The firm’s 50 day moving average price is $19.43 and its two-hundred day moving average price is $22.73.

ZTO Express (Cayman) (NYSE:ZTOGet Free Report) last posted its quarterly earnings results on Thursday, November 16th. The transportation company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.06. The firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.45 billion. ZTO Express (Cayman) had a net margin of 23.07% and a return on equity of 15.56%. On average, research analysts predict that ZTO Express will post 1.47 EPS for the current fiscal year.

Institutional Investors Weigh In On ZTO Express (Cayman)

A number of institutional investors have recently modified their holdings of the stock. National Bank of Canada FI acquired a new stake in shares of ZTO Express (Cayman) during the 4th quarter valued at $8,839,000. Victory Capital Management Inc. boosted its stake in shares of ZTO Express (Cayman) by 1.9% during the 4th quarter. Victory Capital Management Inc. now owns 952,920 shares of the transportation company’s stock valued at $20,278,000 after buying an additional 17,736 shares during the period. Headlands Technologies LLC acquired a new stake in shares of ZTO Express (Cayman) during the 4th quarter valued at $492,000. U S Global Investors Inc. boosted its stake 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 buying an additional 2,231 shares during the period. Finally, Blue Trust Inc. boosted its stake in shares of ZTO Express (Cayman) by 1,333.1% during the 4th quarter. Blue Trust Inc. now owns 4,973 shares of the transportation company’s stock valued at $106,000 after buying an additional 4,626 shares during the period. Institutional investors and hedge funds own 41.68% of the company’s stock.

About ZTO Express (Cayman)

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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.

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