JPMorgan Chase & Co. Initiates Coverage on ZTO Express (Cayman) (NYSE:ZTO)

JPMorgan Chase & Co. initiated coverage on shares of ZTO Express (Cayman) (NYSE:ZTO - Free Report) in a research note published on Wednesday, Benzinga reports. The brokerage issued an overweight rating and a $30.00 price target on the transportation company's stock.

ZTO Express (Cayman) Stock Down 1.5 %

Shares of NYSE:ZTO traded down $0.35 during trading hours on Wednesday, hitting $23.42. The company's stock had a trading volume of 2,373,856 shares, compared to its average volume of 3,476,889. ZTO Express has a 52 week low of $15.90 and a 52 week high of $27.50. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.26 and a quick ratio of 1.26. The company has a market capitalization of $14.21 billion, a price-to-earnings ratio of 16.40, a P/E/G ratio of 1.13 and a beta of -0.10. The firm's fifty day moving average price is $23.41 and its 200 day moving average price is $21.95.

ZTO Express (Cayman) (NYSE:ZTO - Get Free Report) last posted its quarterly earnings results on Tuesday, August 20th. The transportation company reported $0.47 EPS for the quarter. ZTO Express (Cayman) had a net margin of 21.22% and a return on equity of 15.51%. The business had revenue of $1.48 billion during the quarter. As a group, research analysts expect that ZTO Express will post 1.69 EPS for the current year.

ZTO Express (Cayman) Announces Dividend

The firm also recently declared a Semi-Annual dividend, which was paid on Thursday, October 17th. Shareholders of record on Tuesday, September 10th were issued a $0.35 dividend. This represents a yield of 4.6%. The ex-dividend date of this dividend was Tuesday, September 10th. ZTO Express (Cayman)'s dividend payout ratio is presently 47.89%.

Institutional Investors Weigh In On ZTO Express (Cayman)

Institutional investors have recently added to or reduced their stakes in the business. EntryPoint Capital LLC acquired a new stake in ZTO Express (Cayman) in the first quarter worth about $43,000. First Horizon Advisors Inc. acquired a new stake in shares of ZTO Express (Cayman) during the second quarter worth about $45,000. Van ECK Associates Corp lifted its holdings in shares of ZTO Express (Cayman) by 60.8% during the third quarter. Van ECK Associates Corp now owns 1,825 shares of the transportation company's stock worth $46,000 after purchasing an additional 690 shares during the period. Blue Trust Inc. lifted its holdings in shares of ZTO Express (Cayman) by 210.0% during the third quarter. Blue Trust Inc. now owns 2,303 shares of the transportation company's stock worth $57,000 after purchasing an additional 1,560 shares during the period. Finally, Mendota Financial Group LLC acquired a new stake in shares of ZTO Express (Cayman) during the second quarter worth about $167,000. Institutional investors and hedge funds own 41.65% of the company's stock.

ZTO Express (Cayman) Company Profile

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.