JPMorgan Chase & Co. cut shares of ZTO Express (Cayman) (NYSE:ZTO - Free Report) from an overweight rating to a neutral rating in a research report report published on Thursday morning, Marketbeat reports. The firm currently has $23.00 target price on the transportation company's stock, down from their prior target price of $25.00.
A number of other analysts also recently commented on ZTO. HSBC downgraded ZTO Express (Cayman) from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $28.00 to $20.00 in a report on Tuesday, January 21st. Hsbc Global Res downgraded ZTO Express (Cayman) from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 21st. Finally, StockNews.com downgraded ZTO Express (Cayman) from a "buy" rating to a "hold" rating in a report on Tuesday, March 18th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $22.78.
Read Our Latest Stock Report on ZTO Express (Cayman)
ZTO Express (Cayman) Price Performance
NYSE:ZTO traded down $0.06 during mid-day trading on Thursday, reaching $20.00. The company's stock had a trading volume of 1,563,480 shares, compared to its average volume of 3,012,531. ZTO Express has a twelve month low of $17.89 and a twelve month high of $27.50. The company's fifty day simple moving average is $19.59 and its two-hundred day simple moving average is $20.95. The stock has a market cap of $12.08 billion, a P/E ratio of 13.79, a P/E/G ratio of 1.03 and a beta of -0.13.
ZTO Express (Cayman) (NYSE:ZTO - Get Free Report) last released its earnings results on Tuesday, March 18th. The transportation company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.02). ZTO Express (Cayman) had a return on equity of 15.44% and a net margin of 20.56%. The company had revenue of $1.77 billion during the quarter, compared to analyst estimates of $11.73 billion. Sell-side analysts expect that ZTO Express will post 1.57 EPS for the current fiscal year.
ZTO Express (Cayman) Announces Dividend
The business also recently declared a semi-annual dividend, which will be paid on Tuesday, April 29th. Investors of record on Thursday, April 10th will be issued a $0.35 dividend. The ex-dividend date is Thursday, April 10th. This represents a yield of 4.7%. ZTO Express (Cayman)'s dividend payout ratio is currently 45.95%.
Institutional Investors Weigh In On ZTO Express (Cayman)
A number of large investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio boosted its holdings in ZTO Express (Cayman) by 10.1% in the 4th quarter. Public Employees Retirement System of Ohio now owns 209,907 shares of the transportation company's stock worth $4,104,000 after acquiring an additional 19,329 shares during the period. Arrowpoint Investment Partners Singapore Pte. Ltd. acquired a new position in shares of ZTO Express (Cayman) during the fourth quarter worth $246,000. Voloridge Investment Management LLC purchased a new position in shares of ZTO Express (Cayman) in the fourth quarter valued at $10,802,000. Quantinno Capital Management LP grew its holdings in ZTO Express (Cayman) by 20.5% during the 4th quarter. Quantinno Capital Management LP now owns 18,444 shares of the transportation company's stock valued at $361,000 after purchasing an additional 3,133 shares in the last quarter. Finally, OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in ZTO Express (Cayman) during the 4th quarter worth $231,000. Institutional investors and hedge funds own 41.65% of the company's stock.
About ZTO Express (Cayman)
(
Get Free Report)
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.
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