ZTO Express (Cayman) (NYSE:ZTO) Trading 5.6% Higher

ZTO Express (Cayman) Inc. (NYSE:ZTO)’s stock price was up 5.6% during mid-day trading on Monday . The stock traded as high as $19.48 and last traded at $19.36. Approximately 185,394 shares were traded during trading, a decline of 95% from the average daily volume of 3,764,396 shares. The stock had previously closed at $18.33.

Analysts Set New Price Targets

Several brokerages have issued reports on ZTO. Macquarie lowered ZTO Express (Cayman) from an “outperform” rating to a “neutral” rating and set a $21.20 target price on the stock. in a research note on Wednesday, June 26th. Bank of America upped their target price on ZTO Express (Cayman) from $25.20 to $26.90 and gave the stock a “buy” rating in a research note on Monday, June 17th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $28.18.

ZTO Express (Cayman) Price Performance

The firm’s fifty day moving average is $21.23 and its two-hundred day moving average is $20.49. The company has a market cap of $11.66 billion, a P/E ratio of 13.04, a P/E/G ratio of 0.85 and a beta of -0.12. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.15 and a current ratio of 1.15.

ZTO Express (Cayman) (NYSE:ZTO) last released its quarterly earnings data on Wednesday, May 15th. The transportation company reported $0.32 EPS for the quarter. ZTO Express (Cayman) had a net margin of 21.57% and a return on equity of 15.39%. The business had revenue of $1.38 billion during the quarter. As a group, analysts anticipate that ZTO Express will post 1.7 earnings per share for the current fiscal year.

Hedge Funds Weigh In On ZTO Express (Cayman)

Institutional investors have recently modified their holdings of the stock. EntryPoint Capital LLC acquired a new stake in ZTO Express (Cayman) in the first quarter valued at approximately $43,000. First Horizon Advisors Inc. acquired a new position in ZTO Express (Cayman) during the second quarter worth about $45,000. Tower Research Capital LLC TRC lifted its holdings in shares of ZTO Express (Cayman) by 31.8% in the 4th 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 during the last quarter. Barometer Capital Management Inc. purchased a new stake in ZTO Express (Cayman) during the 4th quarter worth approximately $126,000. Finally, Mendota Financial Group LLC purchased a new stake in shares of ZTO Express (Cayman) in the 2nd quarter valued at approximately $167,000. 41.65% of the stock is owned by hedge funds and other institutional investors.

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.