ZTO Express (Cayman) Inc. (NYSE:ZTO - Get Free Report) rose 2.9% on Monday . The stock traded as high as $18.76 and last traded at $18.70. Approximately 512,832 shares were traded during mid-day trading, a decline of 83% from the average daily volume of 3,006,439 shares. The stock had previously closed at $18.17.
Analysts Set New Price Targets
A number of research firms recently issued reports on ZTO. StockNews.com upgraded ZTO Express (Cayman) from a "hold" rating to a "buy" rating in a report on Wednesday, March 26th. Hsbc Global Res lowered shares of ZTO Express (Cayman) from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 21st. HSBC cut shares of ZTO Express (Cayman) from a "buy" rating to a "hold" rating and cut their price target for the stock from $28.00 to $20.00 in a report on Tuesday, January 21st. Finally, JPMorgan Chase & Co. lowered shares of ZTO Express (Cayman) from an "overweight" rating to a "neutral" rating and decreased their price objective for the company from $25.00 to $23.00 in a report on Thursday, March 20th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $22.78.
View Our Latest Stock Analysis on ZTO
ZTO Express (Cayman) Stock Performance
The firm has a market capitalization of $10.92 billion, a PE ratio of 12.59, a PEG ratio of 1.03 and a beta of -0.03. The company has a fifty day simple moving average of $19.55 and a two-hundred day simple moving average of $20.58.
ZTO Express (Cayman) (NYSE:ZTO - Get Free Report) last released its quarterly earnings data on Tuesday, March 18th. The transportation company reported $0.44 earnings per share 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 during the quarter, compared to analysts' expectations of $11.73 billion. On average, equities analysts anticipate 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 issued a dividend of $0.35 per share. This represents a yield of 4.7%. The ex-dividend date of this dividend is Thursday, April 10th. ZTO Express (Cayman)'s payout ratio is 45.95%.
Institutional Trading of ZTO Express (Cayman)
A number of hedge funds have recently bought and sold shares of the stock. Marshall Wace LLP raised its position in shares of ZTO Express (Cayman) by 831.6% in the 4th quarter. Marshall Wace LLP now owns 1,168,821 shares of the transportation company's stock worth $22,850,000 after acquiring an additional 1,043,359 shares in the last quarter. Pzena Investment Management LLC grew its stake in ZTO Express (Cayman) by 11.7% in the fourth quarter. Pzena Investment Management LLC now owns 7,860,285 shares of the transportation company's stock valued at $153,669,000 after purchasing an additional 820,686 shares during the last quarter. Greenwoods Asset Management Hong Kong Ltd. raised its holdings in ZTO Express (Cayman) by 10.6% in the fourth 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 in the last quarter. WFM ASIA BVI Ltd purchased a new stake in shares of ZTO Express (Cayman) during the fourth quarter valued at about $11,364,000. Finally, Voloridge Investment Management LLC purchased a new stake in shares of ZTO Express (Cayman) during the fourth quarter valued at about $10,802,000. Hedge funds and other institutional investors 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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