ZTO Express (Cayman) Inc. (NYSE:ZTO - Get Free Report) declared a dividend on Tuesday, August 20th, NASDAQ reports. Investors of record on Tuesday, September 10th will be given a dividend of 0.35 per share by the transportation company on Thursday, October 17th. The ex-dividend date of this dividend is Tuesday, September 10th.
ZTO Express (Cayman) has a dividend payout ratio of 30.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect ZTO Express (Cayman) to earn $1.99 per share next year, which means the company should continue to be able to cover its $0.62 annual dividend with an expected future payout ratio of 31.2%.
ZTO Express (Cayman) Stock Up 6.1 %
ZTO stock traded up $1.21 during trading on Wednesday, reaching $21.02. The stock had a trading volume of 2,838,407 shares, compared to its average volume of 3,666,699. ZTO Express has a one year low of $15.90 and a one year high of $25.90. The company's 50 day moving average is $20.29 and its two-hundred day moving average is $20.73. 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 company has a market capitalization of $12.75 billion, a price-to-earnings ratio of 14.80, a P/E/G ratio of 0.92 and a beta of -0.12.
Wall Street Analyst Weigh In
Several research firms have recently issued reports on ZTO. Macquarie lowered ZTO Express (Cayman) from an "outperform" rating to a "neutral" rating and set a $21.20 target price for the company. in a report on Wednesday, June 26th. Bank of America upped their price objective on ZTO Express (Cayman) from $25.20 to $26.90 and gave the company 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 issued a buy rating to the company. Based on data from MarketBeat, ZTO Express (Cayman) has a consensus rating of "Moderate Buy" and an average price target of $28.18.
View Our Latest Stock Analysis on ZTO
ZTO Express (Cayman) Company Profile
(
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.
Further Reading
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