Shares of ZTO Express (Cayman) Inc. (NYSE:ZTO - Get Free Report) gapped up prior to trading on Wednesday following a dividend announcement from the company. The stock had previously closed at $21.30, but opened at $21.90. ZTO Express (Cayman) shares last traded at $21.94, with a volume of 468,590 shares.
The newly announced 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 is Thursday, April 10th. This represents a yield of 4.7%. ZTO Express (Cayman)'s dividend payout ratio (DPR) is presently 45.95%.
Analyst Upgrades and Downgrades
ZTO has been the subject of a number of recent analyst reports. StockNews.com lowered ZTO Express (Cayman) from a "buy" rating to a "hold" rating in a research note on Tuesday, March 18th. HSBC lowered ZTO Express (Cayman) from a "buy" rating to a "hold" rating and decreased their target price for the stock from $28.00 to $20.00 in a research report on Tuesday, January 21st. Hsbc Global Res lowered ZTO Express (Cayman) from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 21st. Finally, JPMorgan Chase & Co. lowered ZTO Express (Cayman) from an "overweight" rating to a "neutral" rating and decreased their target price for the stock from $25.00 to $23.00 in a research report on Thursday. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $22.78.
Read Our Latest Stock Analysis on ZTO Express (Cayman)
ZTO Express (Cayman) Stock Performance
The firm has a 50 day simple moving average of $19.55 and a two-hundred day simple moving average of $20.96. The stock has a market cap of $12.12 billion, a P/E ratio of 13.83, a P/E/G ratio of 1.03 and a beta of -0.13.
ZTO Express (Cayman) (NYSE:ZTO - Get Free Report) last announced its quarterly earnings results on Tuesday, March 18th. The transportation company reported $0.44 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 business had revenue of $1.77 billion for the quarter, compared to analyst estimates of $11.73 billion. As a group, equities research analysts predict that ZTO Express will post 1.57 EPS for the current year.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in ZTO. Point72 DIFC Ltd acquired a new position in ZTO Express (Cayman) during the 3rd quarter worth $26,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in ZTO Express (Cayman) during the 3rd quarter worth $46,000. Blue Trust Inc. boosted its position in ZTO Express (Cayman) by 119.8% during the 4th quarter. Blue Trust Inc. now owns 5,061 shares of the transportation company's stock worth $99,000 after acquiring an additional 2,758 shares during the period. Confluence Investment Management LLC boosted its position in ZTO Express (Cayman) by 14.8% during the 4th quarter. Confluence Investment Management LLC now owns 10,282 shares of the transportation company's stock worth $201,000 after acquiring an additional 1,326 shares during the period. Finally, Schechter Investment Advisors LLC lifted its holdings in shares of ZTO Express (Cayman) by 12.0% in the fourth quarter. Schechter Investment Advisors LLC now owns 11,255 shares of the transportation company's stock valued at $220,000 after buying an additional 1,204 shares during the period. 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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