ZTO Express (Cayman) (NYSE:ZTO) Stock Rating Lowered by Macquarie

Macquarie cut shares of ZTO Express (Cayman) (NYSE:ZTO) from an outperform rating to a neutral rating in a research report report published on Wednesday morning, Marketbeat Ratings reports. They currently have $21.20 target price on the transportation company’s stock.

Other research analysts have also issued research reports about the stock. JPMorgan Chase & Co. reduced their price objective on shares of ZTO Express (Cayman) from $37.00 to $30.00 and set an overweight rating on the stock in a research note on Thursday, March 21st. Bank of America boosted their price target on shares of ZTO Express (Cayman) from $25.20 to $26.90 and gave the company a buy rating in a report on Monday, June 17th. Finally, HSBC dropped their price objective on ZTO Express (Cayman) from $32.00 to $30.00 and set a buy rating on the stock in a research note on Thursday, March 21st. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus price target of $28.18.

ZTO Express (Cayman) Stock Performance

ZTO stock opened at $20.75 on Wednesday. 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 has a twelve month low of $15.90 and a twelve month high of $28.04. The business’s fifty day moving average is $22.34 and its 200-day moving average is $20.51. The company has a market cap of $12.59 billion, a P/E ratio of 14.61, a price-to-earnings-growth ratio of 0.97 and a beta of -0.09.

ZTO Express (Cayman) (NYSE:ZTO) last released 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 return on equity of 15.39% and a net margin of 21.57%. Equities research analysts forecast that ZTO Express will post 1.7 EPS for the current year.

Institutional Investors Weigh In On ZTO Express (Cayman)

Hedge funds and other institutional investors have recently made changes to their positions in the stock. EntryPoint Capital LLC bought a new position in ZTO Express (Cayman) during the 1st quarter worth about $43,000. Tower Research Capital LLC TRC raised its position in 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 valued at $70,000 after buying an additional 791 shares during the last quarter. Blue Trust Inc. lifted its stake in ZTO Express (Cayman) by 1,333.1% in the 4th quarter. Blue Trust Inc. now owns 4,973 shares of the transportation company’s stock valued at $106,000 after acquiring an additional 4,626 shares in the last quarter. Barometer Capital Management Inc. acquired a new position in ZTO Express (Cayman) during the 4th quarter worth approximately $126,000. Finally, U S Global Investors Inc. grew 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 worth $141,000 after acquiring an additional 2,231 shares in the last quarter. 41.65% of the stock is currently owned by institutional investors and hedge funds.

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.