ZTO Express (Cayman) (NYSE:ZTO) Stock Rating Upgraded by StockNews.com

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

A number of other analysts have also issued reports on the stock. JPMorgan Chase & Co. lowered shares of ZTO Express (Cayman) from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $25.00 to $23.00 in a research note on Thursday, March 20th. Hsbc Global Res downgraded ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 21st. Finally, HSBC downgraded ZTO Express (Cayman) from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $28.00 to $20.00 in a report on Tuesday, January 21st. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $22.78.

ZTO Express (Cayman) Price Performance

NYSE ZTO opened at $20.22 on Wednesday. The business’s 50-day simple moving average is $19.67 and its 200-day simple moving average is $20.92. The firm has a market capitalization of $12.22 billion, a P/E ratio of 13.95, a P/E/G ratio of 1.03 and a beta of -0.13. ZTO Express has a 1-year low of $17.89 and a 1-year high of $27.50.

ZTO Express (Cayman) (NYSE:ZTO) last issued its earnings results on Tuesday, March 18th. The transportation company reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.02). ZTO Express (Cayman) had a net margin of 20.56% and a return on equity of 15.44%. The business had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $11.73 billion. On average, 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)

A number of hedge funds have recently added to or reduced their stakes in the business. Hhlr Advisors LTD. boosted its holdings in shares of ZTO Express (Cayman) by 8,172.7% in the 3rd quarter. Hhlr Advisors LTD. now owns 3,003,008 shares of the transportation company’s stock valued at $74,385,000 after buying an additional 2,966,708 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in ZTO Express (Cayman) in the third quarter valued at approximately $29,350,000. Marshall Wace LLP boosted its stake in ZTO Express (Cayman) by 831.6% in the fourth quarter. Marshall Wace LLP now owns 1,168,821 shares of the transportation company’s stock valued at $22,850,000 after acquiring an additional 1,043,359 shares during the period. Pzena Investment Management LLC grew its holdings in shares of ZTO Express (Cayman) by 11.7% during the fourth quarter. Pzena Investment Management LLC now owns 7,860,285 shares of the transportation company’s stock valued at $153,669,000 after purchasing an additional 820,686 shares during the last quarter. Finally, Greenwoods Asset Management Hong Kong Ltd. raised its position in shares of ZTO Express (Cayman) by 10.6% during the 4th quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 6,617,077 shares of the transportation company’s stock worth $129,364,000 after purchasing an additional 633,604 shares during the period. Institutional investors and hedge funds 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.