Shares of ZTO Express (Cayman) Inc. (NYSE:ZTO - Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $21.76, but opened at $20.50. ZTO Express (Cayman) shares last traded at $20.27, with a volume of 618,139 shares.
Analysts Set New Price Targets
Several analysts recently weighed in on the stock. Hsbc Global Res cut shares of ZTO Express (Cayman) from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 21st. HSBC cut shares of ZTO Express (Cayman) from a "buy" rating to a "hold" rating and reduced their price target for the company from $28.00 to $20.00 in a research report on Tuesday, January 21st. StockNews.com lowered shares of ZTO Express (Cayman) from a "buy" rating to a "hold" rating in a report on Tuesday, March 18th. Finally, JPMorgan Chase & Co. cut ZTO Express (Cayman) from an "overweight" rating to a "neutral" rating and cut their price objective for the company from $25.00 to $23.00 in a research report on Thursday. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, ZTO Express (Cayman) currently has a consensus rating of "Hold" and a consensus price target of $22.78.
Read Our Latest Stock Analysis on ZTO
ZTO Express (Cayman) Stock Performance
The stock has a market capitalization of $12.04 billion, a P/E ratio of 13.74, a PEG ratio of 1.03 and a beta of -0.13. The business has a 50-day moving average price of $19.55 and a 200 day moving average price of $20.96.
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). The company had revenue of $1.77 billion during the quarter, compared to analysts' expectations of $11.73 billion. ZTO Express (Cayman) had a return on equity of 15.44% and a net margin of 20.56%. As a group, research analysts forecast that ZTO Express will post 1.57 earnings per share for the current fiscal year.
ZTO Express (Cayman) Announces Dividend
The company also recently disclosed a semi-annual dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Thursday, April 10th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend 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 institutional investors have recently made changes to their positions in the company. Fisher Asset Management LLC raised its holdings in ZTO Express (Cayman) by 10.0% in the 3rd quarter. Fisher Asset Management LLC now owns 3,484,318 shares of the transportation company's stock worth $86,307,000 after acquiring an additional 317,450 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of ZTO Express (Cayman) by 112.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 187,114 shares of the transportation company's stock worth $4,635,000 after purchasing an additional 98,877 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in shares of ZTO Express (Cayman) in the third quarter worth $12,407,000. Confluence Investment Management LLC lifted its holdings in shares of ZTO Express (Cayman) by 14.8% during the fourth quarter. Confluence Investment Management LLC now owns 10,282 shares of the transportation company's stock valued at $201,000 after purchasing an additional 1,326 shares in the last quarter. Finally, ABC Arbitrage SA purchased a new stake in shares of ZTO Express (Cayman) during the fourth quarter valued at $316,000. Hedge funds and other institutional investors own 41.65% of the company's stock.
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.
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