ZTO Express (Cayman) (NYSE:ZTO) Hits New 12-Month Low - Time to Sell?

ZTO Express (Cayman) Inc. (NYSE:ZTO - Get Free Report) shares hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $17.81 and last traded at $18.06, with a volume of 1163631 shares changing hands. The stock had previously closed at $19.11.

Wall Street Analysts Forecast Growth

ZTO has been the subject of a number of recent research reports. HSBC cut ZTO Express (Cayman) from a "buy" rating to a "hold" rating and lowered their target price for the stock from $28.00 to $20.00 in a report on Tuesday, January 21st. JPMorgan Chase & Co. lowered shares of ZTO Express (Cayman) from an "overweight" rating to a "neutral" rating and cut their target price for the stock from $25.00 to $23.00 in a research note on Thursday, March 20th. StockNews.com upgraded shares of ZTO Express (Cayman) from a "hold" rating to a "buy" rating in a report on Wednesday, March 26th. Finally, Hsbc Global Res cut shares of ZTO Express (Cayman) from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 21st. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $22.78.

ZTO Express (Cayman) Stock Performance

The company's 50 day simple moving average is $19.62 and its 200-day simple moving average is $20.69. The firm has a market capitalization of $10.69 billion, a PE ratio of 12.32, a PEG ratio of 1.03 and a beta of -0.03.

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ZTO Express (Cayman) (NYSE:ZTO - Get Free Report) last released its earnings results on Tuesday, March 18th. The transportation company reported $0.44 EPS for the quarter, missing analysts' consensus estimates of $0.46 by ($0.02). ZTO Express (Cayman) had a net margin of 20.56% and a return on equity of 15.44%. The firm had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $11.73 billion. On average, equities research analysts forecast that ZTO Express will post 1.57 earnings per share for the current fiscal year.

ZTO Express (Cayman) Announces Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Tuesday, April 29th. Investors of record on Thursday, April 10th will be paid a dividend of $0.35 per share. This represents a yield of 4.7%. The ex-dividend date is Thursday, April 10th. ZTO Express (Cayman)'s payout ratio is currently 45.95%.

Institutional Investors Weigh In On ZTO Express (Cayman)

Large investors have recently added to or reduced their stakes in the stock. Pzena Investment Management LLC increased its holdings in ZTO Express (Cayman) by 11.7% in the 4th quarter. Pzena Investment Management LLC now owns 7,860,285 shares of the transportation company's stock worth $153,669,000 after acquiring an additional 820,686 shares in the last quarter. Greenwoods Asset Management Hong Kong Ltd. boosted its holdings in shares of ZTO Express (Cayman) by 10.6% in the 4th quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 6,617,077 shares of the transportation company's stock worth $129,364,000 after purchasing an additional 633,604 shares during the period. Brandes Investment Partners LP grew its holdings in ZTO Express (Cayman) by 1.1% during the 4th quarter. Brandes Investment Partners LP now owns 2,395,333 shares of the transportation company's stock valued at $46,829,000 after purchasing an additional 24,903 shares during the last quarter. Todd Asset Management LLC increased its stake in ZTO Express (Cayman) by 36.5% in the fourth quarter. Todd Asset Management LLC now owns 1,345,583 shares of the transportation company's stock worth $26,306,000 after purchasing an additional 359,578 shares during the period. Finally, Marshall Wace LLP raised its stake in shares of ZTO Express (Cayman) by 831.6% during the fourth quarter. Marshall Wace LLP now owns 1,168,821 shares of the transportation company's stock valued at $22,850,000 after acquiring an additional 1,043,359 shares in the last quarter. Institutional investors 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.