ZTO Express (Cayman) (NYSE:ZTO) Shares Gap Down – What’s Next?

ZTO Express (Cayman) Inc. (NYSE:ZTO)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $21.04, but opened at $20.51. ZTO Express (Cayman) shares last traded at $19.83, with a volume of 1,869,349 shares trading hands.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. assumed coverage on ZTO Express (Cayman) in a report on Wednesday, October 30th. They issued an “overweight” rating and a $30.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, ZTO Express (Cayman) has an average rating of “Moderate Buy” and an average target price of $27.03.

ZTO Express (Cayman) Trading Down 4.5 %

The company has a market cap of $12.15 billion, a price-to-earnings ratio of 13.93, a PEG ratio of 0.99 and a beta of -0.09. The business’s 50 day moving average price is $23.61 and its 200-day moving average price is $22.10. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.12.

ZTO Express (Cayman) (NYSE:ZTO) last announced its quarterly earnings data on Tuesday, August 20th. The transportation company reported $0.47 earnings per share for the quarter. The firm had revenue of $1.48 billion during the quarter. ZTO Express (Cayman) had a return on equity of 15.51% and a net margin of 21.22%. On average, equities analysts anticipate that ZTO Express will post 1.66 EPS for the current fiscal year.

Institutional Trading of ZTO Express (Cayman)

Several institutional investors have recently modified their holdings of ZTO. Public Employees Retirement System of Ohio bought a new position in ZTO Express (Cayman) during the third quarter worth $4,721,000. Stifel Financial Corp increased its stake in ZTO Express (Cayman) by 8.5% during the 3rd quarter. Stifel Financial Corp now owns 36,952 shares of the transportation company’s stock valued at $915,000 after purchasing an additional 2,888 shares in the last quarter. Pinpoint Asset Management Ltd raised its holdings in shares of ZTO Express (Cayman) by 16.7% in the 3rd quarter. Pinpoint Asset Management Ltd now owns 105,162 shares of the transportation company’s stock worth $2,605,000 after acquiring an additional 15,071 shares during the last quarter. Point72 DIFC Ltd purchased a new stake in shares of ZTO Express (Cayman) in the third quarter worth approximately $26,000. Finally, Point72 Asset Management L.P. bought a new stake in ZTO Express (Cayman) during the third quarter worth $12,407,000. Institutional investors 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.