ZTO Express (Cayman) (NYSE:ZTO) Stock Price Up 4.8%

ZTO Express (Cayman) Inc. (NYSE:ZTO)’s stock price rose 4.8% during trading on Monday . The company traded as high as $20.80 and last traded at $20.69. Approximately 838,095 shares were traded during mid-day trading, a decline of 78% from the average daily volume of 3,850,337 shares. The stock had previously closed at $19.75.

Analysts Set New Price Targets

ZTO has been the topic of a number of analyst reports. Bank of America lifted their target price on shares of ZTO Express (Cayman) from $25.20 to $26.90 and gave the stock a “buy” rating in a research report on Monday, June 17th. Macquarie cut shares of ZTO Express (Cayman) from an “outperform” rating to a “neutral” rating and set a $21.20 target price on the stock. in a research report on Wednesday, June 26th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $28.18.

ZTO Express (Cayman) Price Performance

The business’s 50-day simple moving average is $22.12 and its 200-day simple moving average is $20.50. The stock has a market cap of $12.43 billion, a PE ratio of 14.42, a PEG ratio of 0.92 and a beta of -0.12. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.12.

ZTO Express (Cayman) (NYSE:ZTO) last announced its earnings results on Wednesday, May 15th. The transportation company reported $0.32 earnings per share for the quarter. The firm had revenue of $1.38 billion for the quarter. ZTO Express (Cayman) had a net margin of 21.57% and a return on equity of 15.39%. On average, research analysts expect that ZTO Express will post 1.7 EPS for the current fiscal year.

Institutional Investors Weigh In On ZTO Express (Cayman)

Several hedge funds have recently bought and sold shares of the business. Tower Research Capital LLC TRC boosted its stake in ZTO Express (Cayman) by 31.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,278 shares of the transportation company’s stock worth $70,000 after acquiring an additional 791 shares in the last quarter. EntryPoint Capital LLC bought a new stake in ZTO Express (Cayman) during the first quarter worth about $43,000. First Horizon Advisors Inc. bought a new stake in ZTO Express (Cayman) during the second quarter worth about $45,000. U S Global Investors Inc. boosted its stake in ZTO Express (Cayman) by 32.8% during the first quarter. U S Global Investors Inc. now owns 8,815 shares of the transportation company’s stock worth $185,000 after acquiring an additional 2,179 shares in the last quarter. Finally, California State Teachers Retirement System boosted its stake in ZTO Express (Cayman) by 4.5% during the first quarter. California State Teachers Retirement System now owns 97,342 shares of the transportation company’s stock worth $2,038,000 after acquiring an additional 4,148 shares in the last quarter. Institutional investors own 41.65% of the company’s stock.

ZTO Express (Cayman) Company Profile

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.