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

Shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) shot up 5.6% during trading on Monday . The stock traded as high as $19.48 and last traded at $19.36. 185,394 shares changed hands during trading, a decline of 95% from the average session volume of 3,764,396 shares. The stock had previously closed at $18.33.

Wall Street Analysts Forecast Growth

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

ZTO Express (Cayman) Stock Up 4.9 %

The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.12. The firm has a 50 day moving average of $21.23 and a 200 day moving average of $20.49. The firm has a market cap of $11.66 billion, a price-to-earnings ratio of 13.04, a PEG ratio of 0.85 and a beta of -0.12.

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

Institutional Investors Weigh In On ZTO Express (Cayman)

Hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC raised its stake in shares of ZTO Express (Cayman) by 31.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,278 shares of the transportation company’s stock worth $70,000 after purchasing an additional 791 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in ZTO Express (Cayman) by 4.5% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 18,791 shares of the transportation company’s stock valued at $390,000 after acquiring an additional 816 shares during the last quarter. EntryPoint Capital LLC bought a new stake in shares of ZTO Express (Cayman) in the 1st quarter worth about $43,000. First Horizon Advisors Inc. bought a new stake in shares of ZTO Express (Cayman) in the 2nd quarter worth about $45,000. Finally, U S Global Investors Inc. grew its holdings in ZTO Express (Cayman) by 32.8% during the 1st quarter. U S Global Investors Inc. now owns 8,815 shares of the transportation company’s stock valued at $185,000 after purchasing an additional 2,179 shares during the last quarter. 41.65% of the stock is currently owned by 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.